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Interview with Senator Sherrod Brown

By The Ed Show, The Ed Show - July 12, 2012

Guests: Karen Finney; Ed Rendell; Joy Reid, Benji Sarlin, Ben LaBolt, Sherrod Brown, William Rhoden; Susan Del Percio

ED SCHULTZ, HOST: Good evening, Americans. And welcome to THE ED SHOW from New York.

The Obama campaign says Mitt Romney either misrepresented his time at Bain or committed a felon. Tonight, I`ll let you make the call.

This is THE ED SHOW -- let`s get to work.

(BEGIN VIDEOTAPE)

MITT ROMNEY (R), PRESIDENTIAL CANDIDATE: They say in politics, if you`re responding, you`re losing.

SCHULTZ (voice-over): A bombshell report claims Mitt Romney is misleading Americans about his time at Bain Capital. "Talking Points Memo" helps break the story. Benji Sarlin is here tonight.

The Obama campaign says Romney may have broken the law. Ben LaBolt is here tonight.

And there are brand new allegations of outsourcing. Sherrod Brown, senator from Ohio, tells the story.

HILARY SHELTON, NAACP: They`re bringing people in that they know will support his agenda from other place that aren`t active with the NAACP.

SCHULTZ: The Romney campaign denied flying in supporters to the NAACP`s convention to support Mitt Romney in his speech.

ROMNEY: I`m going to eliminate every nonessential, expensive program I can find. That includes Obamacare.

(BOOS)

SCHULTZ: Tonight, a prominent African-American Republican is contradicting the campaign. And we have the exclusive report.

And how can anyone defend Joe Paterno after today?

UNIDENTIFIED MALE: Sometimes -- and this is what people may not want to hear -- but sometimes you have to make tough decisions, and sometimes you have to work around systems.

SCHULTZ: I`ll ask Bill Rhoden of "The New York Times" about today`s Penn State disgrace.

(END VIDEOTAPE)

SCHULTZ: Good to have you with us tonight, folks. Thanks for watching.

It seems like only yesterday when Mitt Romney was on FOX News talking about the political philosophy of responding to attacks.

(BEGIN VIDEO CLIP)

ROMNEY: I, of course, respond to the attacks that come. But, you know, they say in politics, if you`re responding, you`re losing.

(END VIDEO CLIP)

SCHULTZ: Romney and his campaign had a lot of responding to do today. "The Boston Globe" expanded on the reporting by "Talking Points Memo" and "Mother Jones", only to find out that Mitt Romney was the top dog at Bain Capital three years after he said he left.

According to the report, a Massachusetts financial disclosure form Romney filed in 2003 clearly stated he owned 100 percent of Bain Capital in 2002. And Romney`s state financial disclosures indicate he earned at least $100,000 as a Bain executive in 2001 and 2002, separate from his investment earnings.

Now, the report also drops this bombshell, a Romney campaign official who requested anonymity to discuss the SEC filings acknowledged that they do not square with common sense.

Until now, Romney has protected himself politically from any Bain business practices after he left the company.

Romney always says that he left the company in 1999, except for this one time.

(BEGIN VIDEO CLIP)

ROMNEY: I worked at one company, Bain, for 25 years, and I left that to go off and help save the Olympic Games.

(END VIDEO CLIP)

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