This Sunday on Face the Nation, the Obama
campaign's Stephanie Cutter faced off against the Romney campaign's Kevin
Madden in a heated discussion over recent attacks on Mitt Romney's tenure with
Romney's role at the private equity firm was
challenged after reports of Securities and Exchange Commission filings and
financial disclosure documents suggested his responsibilities may have extended
beyond 1999 even though he left the company to take charge of the ailing Salt
Lake City Olympics.
The documents suggest Romney remained the
chief executive of Bain Capital from 1999 to 2002, the same time period in
which critics claim his company supported layoffs and outsourcing.
you're signing an SEC document with your own signature that you're the
president, CEO, chairman of the board and 100 percent owner of a
company, in what world are you living in that you're not in charge?"
Cutter, Obama's deputy campaign manager, said.
sparked the conversation on Romney's time with the private equity firm
when she said in a conference call on Thursday that he is either
his own position at Bain to the SEC, which is a felony, or he was
misrepresenting his position at Bain to the American people to avoid
responsibility for some of the consequences of his investments." She
stood by her remarks on the show.
one is suggesting Mitt Romney isn't following the law, that's not what this
discussion is about," she said. "This discussion is about transparency and
showing the American people what your perspective is and what judgments you're
going to make as president."
Kevin Madden, Romney campaign senior adviser,
said it was "troubling" that the Obama campaign would label an "honorable" man
as a felon.
have one candidate who is talking about the economy, what he wants to
do to move the country forward...and that candidate is Governor Romney,"
Madden said. "And then you have President Obama, who at this time of
very tough economic struggles, is telling the American public that the
one thing that they need to be worried about...are what's in Governor
Romney's financial disclosures."
Cutter and Madden debate about the Bain attacks.)
Cutter also advised the Romney campaign to "stop
"It's interesting, just a few months ago
in the Republican primary, Mitt Romney said to his opponents, who he was
crushing at the time, 'stop whining'. And I think that's a good message for the
Romney campaign," Cutter said. "Instead of whining about what the Obama
campaign is saying, why don't you just put the facts out there and let people
decide, rather than trying to hide them."
As a matter of transparency, Cutter said that
Romney should release more than one year of tax returns, to which Madden responded
that he has released "above and beyond" what is required by law.
Rep. Paul Ryan also commented on Romney's
recent attacks on his role at Bain Capital.
"People are not worried about the details as
to when Mitt Romney left Bain Capital to save the Olympics or the details about
of his assets which are managed by a blind trust, for Pete's sake," Ryan said. "They're
worried about their jobs and their families' future."
Ryan talk more about President Obama and the veepstakes.)
Ryan, a potential Romney running mate, said that
President Obama has not lived up to the potential of his 2008 campaign slogan,
"This is not the candidate of hope and change, this is a candidate who is
hoping to change the subject."
And take a look at the politics
where the panelists debate whether Obama campaign's recent Bain
attacks indicate a rise in vicious politics.
Don't miss the economy
where Mark Zandi, chief
economist of Moody's Analytics, said that the Obama and Romney campaigns should
not anticipate major changes with the economy by November.
economy on Election Day will feel pretty much like it does today,"
Zandi said. He predicted that the November unemployment rate would
remain around 8 percent. Robert Reich, former labor secretary in the
Clinton administration, said to take caution about predictions.
"Economic forecasters exist to make astrologers look good," Reich said.
In case you missed it last week, check out the
with Norah O 'Donnell on the importance of women voters in the 2012 presidential election.
© 2012 CBS Interactive Inc. All Rights Reserved.