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Obama: 'Harry Truman Said the Buck Stops with You'

5:44 PM, Jul 13, 2012 • By DANIEL HALPER
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In a local interview with WJLA, President Obama urges Mitt Romney to say that he was running Bain Capital after 1999, though Romney insists he did not actively manage the company at that time. "Well, here's what I know, we were just talking about responsibility and as president of the United States, it's pretty clear to me that I'm responsible for folks who are working in the federal government and you know, Harry Truman said the buck stops with you," Obama said.

Here's the transcript of the released excerpt:

SCOTT THUMAN: What about Bain Capital? It's a big issue for the past 24 hours right now. Mitt Romney's campaign says he left in '99, yours says it's 2000, there's a significant difference, is he being dishonest with the American public?

PRESIDENT BARACK OBAMA: Well, here's what I know, we were just talking about responsibility and as president of the United States, it's pretty clear to me that I'm responsible for folks who are working in the federal government and you know, Harry Truman said the buck stops with you.

Now, my understanding is that Mr. Romney attested to the SEC, multiple times, that he was the chairman, CEO and president of Bain Capital and I think most Americans figure if you are the chairman, CEO and president of a company that you are responsible for what that company does.

Ultimately Mr. Romney, I think, is going to have to answer those questions, because if he aspires to being president one of the things you learn is, you are ultimately responsible for the conduct of your operations, but again that's probably a question that he's going to have to answer and I think that's a legitimate part of the campaign.

SCOTT THUMAN: And you think he should answer that soon?

PRESIDENT BARACK OBAMA
: Yeah, absolutely.

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