Pee Wee Herman lookalike and former Bush stooge turned Romney surrogate Ed Gillespie really cleared up the air on MTP this morning:
GREGORY: He was still financially linked to Bain. And of course, a lot his fortune is due to his time with Bain. Even when he was on leave, does he stand by the business decisions that were made by the firm he created?
GILLESPIE: He actually retired retroactively at that point. He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain.
Now look- there is no doubt in my mind that the dimestore Gepetto at the Washington Post and the Clown Caucus at Politifact will rapidly incorporate “retroactive retirement” into their defenses of the indefensible, but try that nonsense out on someone in your neighborhood- “Sure, he was listed on the SEC documents from 1999-2001 as CEO, and sure, he was paid six figure salaries, and yeah, he signed a bunch of filings, and sure, he’s admitted to flying back and forth to attend board meetings and sat in on a bunch of them by phone, but he wasn’t really involved because in 2002 he retroactively retired in 1999.” I’m betting that 99 times out of 100, the reaction you get will be “Who are you trying to fool with that garbage?”
In other news, immediately after hearing the phrase “retroactive retirement,” Penn State University officials began drafting paperwork to retroactively retire Paterno and Sandusky in 1997 so as to avoid any civil litigation related to the Nittany Lion child rape regime.