THURSDAY, JUNE 21, 2012
What really happened at Bain: Yesterday morning, the Washington Post ran a gigantic front-page report about Mitt Romney and Bain Capital.
The piece ran 2600 words. And the Washington Post still won’t go there!
You couldn’t call this a flattering piece, but the Post pulled several punches. Somewhat comically, the front-page headline concerned an old, unflattering photo—a photo in which Romney and the rest of the merry men were shown exulting in their cash from Bain, very much Uncle Scrooge-style.
The front-page headline cited the photo—but the photo itself wasn’t shown! You had to venture inside the Post to view that damning portrait!
That’s a fairly minor point. The larger point is this:
Philip Rucker goes on and on for 2600 words. He describes the heady days when Romney and Bain were young. But wouldn’t you know it? Despite all those words, the Washington Post still didn’t go where rubber meets the road.
Did Romney loot those pension funds? The Post doesn’t talk about that!
Way back when, Reuters reported on the way Romney and Bain “underfunded” workers’ pensions. They walked away with mountains of cash—and those workers got looted.
Rather plainly, the New York Times has refused to discuss this matter. (In a long report, Julie Creswell said the pensions were "underfunded," then quickly left it at that.) Is the Post following suit? Yesterday, Rucker stuck to the early days of Bain, before the looting occurred.
We wouldn’t want to upset Cory Booker, who needs big cash from his wealthy contributors. We wouldn’t make to make Rachel Maddow play any dumber on this topic than she has already done. (On Monday, she and Frank Rich played it Big and Dumb. We’ll discuss that program next week.)
But will anyone ever report the way those pensions got “underfunded?” Bain walked away with $44 million. Those rubes walked away with the shaft.
Rachel is still covering for her pal, treating her viewers like fools in the process. (This seems to be one of her favorite pastimes.)
Will anyone ever tell us what happened? Or in a world of millionaire elites, don’t those working stiffs count?