Romney steps up defense of business record
January 12th, 2012
04:03 PM ET
3 years ago

Romney steps up defense of business record

(CNN) – GOP presidential frontrunner Mitt Romney on Thursday aggressively defended his tenure as head of Bain Capital, asserting again that his private-equity career resulted in the net creation of over 100,000 jobs while also calling any job losses an unfortunate fact of life in the private sector.

Under criticism from some Republican foes - as well as Democrats - for his role in corporate downsizing in the past, Romney confronted the issue while campaigning in South Carolina, site of the next primary contest on January 21, and Florida, which holds its key primary 10 days later.

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Filed under: 2012 • Mitt Romney • Republicans
soundoff (32 Responses)
  1. george of the jungle

    It is a sorry repo party that has the likes of mitt and newt and perry to offer to the population. All are not fit to be president vice president or run any job that has to do with helping the average person . All are making money off book sales as we write this down. None are even remotely in touch with the average American or the problems that we are facing in the current economy. But they will bet us 10,000. dollars . Give us all a break and go back where you came from. You do more good stimulating the economy by buying the normal stuff you do. Like jewlery and yatchs.

    January 12, 2012 01:35 pm at 1:35 pm |
  2. Anonymous

    "I never thought I'd see the day where free market capitalism would have to be defended in this country."

    Apparently you are unfamiliar with the 1800s. It is well known among those in the reality-based community that unregulated capitalism will destroy itself. To rephrase your statement to offer a bit more truth and insight:

    "I never thought I'd see the day where vulture capitalism would be defended in this country."

    January 12, 2012 01:36 pm at 1:36 pm |
  3. Anonymous

    Watching the rich man try to get into (political) heaven is pretty funny. Maybe Mittens should stop lying with manure like this: "every time Bain "invested in a business it was to try and encourage that business to have ongoing life." Vulture capitalists care nothing about the survivability of a company unless it might produce more money quickly. The vulture capitalism business model is to drain the companies liquidity with steep and unjustified "consultant fees" along with very favorable loan agreements. If the company can survive with those additional financial burdens, the vulture capitalist is happy to sell. However, of the company does not survive, the vulture capitalist does not care, and instead unloads the pension obligations (underfunded to cover the vulture's fees) on the US taxpayer. Mittens is quite simply a cold-blooded psychopath specializing predatory capitalism. He's also an elitist corporate welfare queen who games the system so he gets paid and the taxpayers get burned. There is nothing remotely patriotic about his behavior.

    January 12, 2012 01:39 pm at 1:39 pm |
  4. Anonymous

    How about providing your tax returns first, ya elitist flip-flopper?

    January 12, 2012 01:39 pm at 1:39 pm |
  5. george of the jungle

    Its kind of like showing your birth certificate Not required but gee the repos kept hollering about it. If the shoe fits

    January 12, 2012 01:40 pm at 1:40 pm |
  6. Truth and Nothing But the Truth

    Gee, how about those RISING unemployment numbers in this "Obama Recovery"??? Oh yeah, there is no article on THAT here. We wouldn't want to call attention to that insignificant issue when we have Romney's dog to discuss. The LSM doing Obama's dirty work yet again.

    January 12, 2012 01:41 pm at 1:41 pm |
  7. Fair is Fair

    Anonymus (wonder why) says:

    Apparently you are unfamiliar with the 1800s. It is well known among those in the reality-based community that unregulated capitalism will destroy itself. To rephrase your statement to offer a bit more truth and insight:

    "I never thought I'd see the day where vulture capitalism would be defended in this country."
    -------–
    A. I never said anything about UNREGULATED capitalism.
    B. The 1800's? Really? Really?????

    January 12, 2012 01:45 pm at 1:45 pm |
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