In an interview on CNN, Steve Rattner, Obama's auto industry turnaround chief and by background a "private equity guy", said that Romney had used "every trick in the book" He then referred specifically to Romney's $100 million IRA, revealing that he had talked to his fellow industry people and, "None of us had even known that there was a possible trick, if you will." Damn, Mr. Rattner, I wasn't born yesterday. Give it up!

I spent the better part of a decade commuting to work in an executive recruiting firm in Manhattan.  We focused on senior management assignments, including in the finance industry. In ten years I had lived the corporate suite vicariously and any yearnings I might have had to play the executive role were well sated.  After I left I spent fifteen years in artistic and teaching pursuits and then founded a small manufacturing services business which today keeps me off the streets.

One seldom hears about the really fine executives. But somewhere along the line the top tier began to be confused with actors and are essentially loudmouths---encompassing three prototypes: The flamboyant; the super hero; and those who are simply boorish and full of themselves. Trump, Dimon and Romney.

Actually there is a fourth type, the seedy. In my former lifetime we once introduced an uptown candidate with a public persona of squeaky clean, upstanding family man. Nice guy, really. But he wasn't right, either for L.A. (his wife would never have moved) or for a job in Hollywood. The Chairman who interviewed him was a cigar chomping, crude individual (think casino magnate). When our candidate asked about benefits the Chairman's face screwed up and he chewed half way through his cigar. "The benefits are a pension program, health plan and all the show girls you can eat." Seedy doesn't quite nail it, does it?

The story about Romney's investment in the Chinese firm—Global-Tech Appliances—IN 1998 has so many legs it might become the nexus-centipede of Bain, Romney, Outsourcing, China, Telling Lies, and the flawed Republican presidential campaign of 2012.

Heretofore Romney has been able to muddy the record on his direct involvement in outsourcing because some previous outsourcing claims were fudged by the question of whether Romney was still at Bain Capital during the period 1999-2002. The "story" that Romney was not involved in Bain during that period is unraveling by virtue of SEC filings in which he claimed to be Sole Owner, Chairman and CEO of Bain, and also by testimony to the Massachusetts Ballot Commission that his full intention was to return to Bain—the latter rationale he absolutely needed to qualify for a run at the Governorship. Despite facts to the contrary, the story of "how" involved he was can be one of those never ending run-abouts. But the story about Global-Tech is much more damning to Romney than a debate about how connected to Bain he was in the 1999-2002 time period.