Romney attacks: Obama won't apologise

2012-07-16 08:51
Mitt Romney insists that he stepped down from his private equity firm years earlier than federal records indicate, but US President Barack Obama is more than a little sceptical. (File, AP)

Mitt Romney insists that he stepped down from his private equity firm years earlier than federal records indicate, but US President Barack Obama is more than a little sceptical. (File, AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington - US President Barack Obama refused to apologise on Sunday for accusing Mitt Romney of outsourcing jobs while in charge of Bain Capital, a charge his Republican opponent has dismissed as "false".

The US presidential race has taken an acrimonious turn in the past week as the wealthy Republican candidate endures a Democratic onslaught over the Bain issue and for squirreling many of his millions away in offshore tax havens.

Romney, the former governor of Massachusetts, called on Friday for an apology for the intensifying character assassination by the Obama campaign and said personal attacks against him were "beneath the dignity of the presidency".

"We won't be apologising," Obama said, according to the transcript of an interview with a local Virginia TV station airing on Sunday.

"Mr Romney claims he's Mr Fix-It for the economy because of his business experience, so I think voters entirely, legitimately want to know what is exactly his business experience."

Major issue

The manner in which Romney acquired his fortune at the helm of Bain, the Boston-based investment firm he founded, has emerged as a major issue during this campaign as Obama tries to paint him as out of touch with ordinary Americans before the November vote.

Romney maintains he quit the day-to-day running of Bain in February 1999 and was not making the decisions when companies it worked with subsequently laid off US workers and "outsourced" jobs to plants in Mexico and China.

But a Boston Globe report on Thursday revealed that filings with the Securities and Exchange Commission still listed him as Bain's chief executive between 1999 and 2003.

"As the head of a private equity firm his job was to maximize profits and help investors. There is nothing wrong with that," Obama said in his interview with Virginia's WAVY-TV.

"On the other hand that company also was investing in companies that were called by the Washington Post: 'the pioneers of outsourcing.'"

'Patriotic departure'

The Romney campaign sought to deflect the barrage of attacks on the candidate's business career by framing his departure from Bain Capital as a "patriotic" act to save the Salt Lake City Olympics.

A senior aide to the Republican White House hopeful branded the allegations that Romney oversaw the shipping of US jobs abroad as "baseless" and accused Obama of demeaning his office with such charges.

"He left a life he loved to go to Salt Lake City to save the Olympics for a country he loves more," Ed Gillespie told CNN.

"In classic Chicago-style politics, the Obama campaign is trying to make this something sinister. It's not. It's patriotic and it's leadership."

Romney became president and chief executive of the 2002 Salt Lake City Winter Olympics organising committee and is widely credited with turning the games around, having inherited an event dogged by a corruption scandal.

"It was a 16-hour a day job," said Gillespie. "He was not involved in the management (of Bain after February 1999). He was not involved in the day-to-day decisions, and wouldn't have had time."

Bitter battle

The battle to decide the November 6 presidential election has become increasingly bitter as both sides pepper crucial swing states such as Ohio, Virginia and Florida with a slew of negative TV ads.

An ad released by the Obama campaign on Saturday features Romney's off-key singing of the patriotic anthem "America the Beautiful" interspersed with clips of Bermuda and the Cayman Islands and scathing attacks about Bain and the candidate's hidden money.

The Romney team has hit back by pointing out that Obama was elected promising to change the tone of American politics and saying his negative strategy is purely designed to obscure his failure to help the US economy.

"No ad is going to decide this election, whether the president likes it or not. The economy and jobs are going to decide this election, and his record on that is abysmal," Republican Senator Kelly Ayotte told ABC News.

Relentless attacks

Obama maintains that with outside groups now pouring tens of millions of dollars into negative ads against him thanks to the "Citizens United" Supreme Court ruling in 2010, he has no choice but to follow suit.

Relentless attacks on Romney's time at Bain are seen as boosting Obama's chances in key swing states.

The largest number of Obama campaign ads have targeted the key rust-belt battleground of Ohio, looming as a must-win state for Romney in November. Obama was due to campaign in the state on Monday.

Read more on:    barack obama  |  mitt romney  |  us  |  us elections 2012

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.