Bain mindset could work in Washington, says Issa
May 28th, 2012
06:36 PM ET
10 years ago

Bain mindset could work in Washington, says Issa

(CNN) – Rep. Darrell Issa, a Mitt Romney supporter, on Monday said the experience of closing failing companies and trimming excess waste as a private equity executive could help the presumptive Republican nominee if he becomes president.

Issa's comments came after several weeks of attacks from Democrats, who have painted Romney as a job killing corporate raider for his tenure as CEO of Bain Capital, the firm he founded in 1984. President Barack Obama's campaign, along with his aligned super PAC, both aired television commercials featuring workers at companies that were closed after being taken over by Bain.

- Follow the Ticker on Twitter: @PoliticalTicker

Issa was asked by CNN National Political Correspondent Jim Acosta whether Romney could better communicate his record at Bain to voters.

"You're going to have some casualties, but that's exactly what we need in Washington and why I'm so delighted to support Gov. Romney," Issa said on CNN's "The Situation Room." "He understands that our government has gotten too big, there are agencies that need to be reformed, closed, combined, something the president has talked about but hasn't done."

Romney has not stated publically if he would close any federal agencies as president. According to NBC News and the Wall Street Journal, he told supporters at a campaign fund-raiser in April he would make the Department of Education "a heck of a lot smaller" and would consider eliminating the Department of Housing and Urban Development. He has also said he would cut funding to the National Endowment for the Arts and the National Endowment for the Humanities.

On Monday, Issa, a Republican who serves as chairman of the House Oversight and Government Reform Committee, said there were numerous other places in the government a president could look to make cuts.

"There's got to be a way to take money out of GSA and other agencies that are throwing fancy parties and make it available for the essential services that the American people want," Issa said. "It's not nice, it's not easy to lay people off, but it's the right thing to do if you've got a bloated government. That's what Gov. Romney promises to do."

Issa said Romney, whose tax returns indicate a personal wealth in the hundreds of millions, should not be disqualified in voters' mind because of his fortune.

"We have had wealthy people who have served our country in the past," Issa, himself worth more than $200 million, said. "The American people want successful people, people who know how to create wealth. Remember, America's greatness is based on creating wealth like the rest of the world has never known, and then making sure it's shared throughout a middle class and even the underprivileged. That's what makes America special, anyone can go from the middle class or even poorer and ultimately end up like Mitt Romney, a successful person running for president and giving back."

CNN's Kevin Liptak contributed to this report.

Also see:

Gingrich's presidential advice: Raise money

Wisconsin recall's a 'test run,' DNC chair says

Giuliani gets over ego and praises Romney

Filed under: 2012 • Darrell Issa • Mitt Romney
soundoff (110 Responses)
  1. c'mon america

    " and making sure it's shared throuout a middle class and even the under privledged " sounds like " wealth distribution " to me . I thought republicans were against that .

    May 28, 2012 06:56 pm at 6:56 pm |
  2. wevern345

    Just Issa spewing more of his factless, disingeuous, and hypocritical ideology.

    May 28, 2012 06:56 pm at 6:56 pm |
  3. Larry L

    I have no doubt Romney would use the same principles he used at Bain Capital – rape the government for the good of the fat-cats and to hell with the working class.

    May 28, 2012 06:57 pm at 6:57 pm |
  4. wevern345

    Just Issa, spewing more of his disingenuous and hypocritical poison.

    May 28, 2012 06:58 pm at 6:58 pm |
  5. Reggie from LA

    First of all, RMoney did not found Bain. He likes to "infer" that he started a business, but come to think of it, I never heard him say outright, that "I started Bain Capital". Guess he's a smarter fox than credit given. Second of all, IF government HAS grown too large (and speaking of smart foxes), it's probably been necessary to manage the ball of hooks that has become the GOP. Deregulation, De-education, De-taxing the rich. How the he11 do you manage that without having to put watchdogs in place? Issa's ilk have ruined the stability of this nation. If he wants to trim fat, he just needs to trim the guy next to him...yes, mostly guys. Women in the GOP are allowed to be functional at best. Way ta' go girlz!!

    May 28, 2012 07:03 pm at 7:03 pm |
  6. Richard Broderick, Jr.

    75 years ago when this country was in the midst of a depression the people of this country finished the building of the Golden Gate Bridge. We accomplished this goal even though this country was very poor when compared to today.

    At that time, we might have made the decision to not build that bridge. We might have thought that it would cost too much. But thankfully we didn’t think that way because that bridge and many, many other worthy public projects helped to make this country great. Those things and that work and that pride helped make our people great too. The whole world could see it.

    We might have instead decided to not to invest in those things and those jobs and the pride of those people. We might have instead decided that we should practice austerity and reduce public works and incongruently give large tax cuts to the very rich. That would have been good for the people who lived like Mitt. That would not have been good for this country.

    We need to do what is good for this country – not just what is good for the people like Mitt.

    May 28, 2012 07:04 pm at 7:04 pm |
  7. MaryM

    Issa, the car thief (do a google search) Wants to gut and sell off America like the vulture capitalist bain.

    May 28, 2012 07:13 pm at 7:13 pm |
  8. pkbkr

    Yeah, a richie supporting another richie! It figures! Obama/Biden 2012

    May 28, 2012 07:14 pm at 7:14 pm |
  9. barbara451

    Issa has his sights on, at least, the VP seat in the future. His ambition has no bounds.

    May 28, 2012 07:15 pm at 7:15 pm |
  10. acajunthatsagun

    The president hasn't been able to do much with knuckle heads like Issa around.

    May 28, 2012 07:16 pm at 7:16 pm |
  11. acajunthatsagun

    The president hasn't been able to do much with knuckle heads like Issa around!

    May 28, 2012 07:16 pm at 7:16 pm |
  12. barbara451

    Issa has his sights on a higher political office and will go with whomever can get him that office. His ambition and ethics have no boundaries.

    May 28, 2012 07:17 pm at 7:17 pm |
  13. Ex-GOP Con

    Ouch! Keeping Americans employed and on the payroll is considered "trimming excess waste"? But rewarding already rich CEOs with million dollar bonuses for failing the company is not????

    I'm voting out the GOPTEA birthers come November. They have no heart for the working middle class--they only want more tax cuts for themselves.

    May 28, 2012 07:18 pm at 7:18 pm |
  14. John

    Start with Issa and the Republican party who are destroying America. They do not compromise and think they are always right. They are the minority party and do not know that in a Democracy the Majority rules. Issa,Romney and the GOP are elites and only care about the 1%......

    May 28, 2012 07:22 pm at 7:22 pm |
  15. Mr. 1% the "VULTURE CAPITALIST BUSINESSMAN" would outsource the poor, disabled, unemployed and elderly to China and sell America to the highest bidder!

    "You're going to have some casualties, but that's exactly what we need in Washington and why I'm so delighted to support Gov. Romney,"

    Of course, then the GOP tea baggers can complain about how the unemployed are sitting around on their fat butts, drinking beer and watching cable programs on the widescreen, living off that government stipend of 243 a week, and use this as an excuse to cut unemployment benefits.

    States such as Texass and Georgia with GOP majorities will use this smoke screen as a cover for giving companies a "tax holiday" of not paying into the state unemployment fund for up to 4 years.

    Of course, Georgia may even use the GOP majority to cut back UI benefits to only 14 weeks, and pay off the Fed loan it had to take to make up for letting companies skip paying into the fund for 4 years, so these "job creators" would relo to their state,.off the backs of these unemployed "casualties" to cover their a$$ for allowing the "tax holiday" in the first place.

    Oh, wait, that is exactly what Georgia has just done.

    I rest my case, why "vulture capitalist" do not make a compassionate President.

    A President cannot just cast off the "casualties" and then just state it was a cost of "doing business".

    May 28, 2012 07:22 pm at 7:22 pm |
  16. jesse james. take them to street and shoot them like the dogs they are

    Issa is the most corrupt politician in congress. Backing another gopt thug.

    May 28, 2012 07:26 pm at 7:26 pm |
  17. GOP = Greed Over People

    Mr. .0006% sure is front loading his team with other 1%'ers like The Chump and now Issa that sure like to say "your fired" without regard to what the consequences may be to the "labor unit"!

    May 28, 2012 07:26 pm at 7:26 pm |
  18. Realitybites

    So says the richest congressman in Washington. You've got to be kidding me!
    Anyone, and I mean anyone who is middle/upper class or lower who votes for these jerks needs to have their head examined.

    May 28, 2012 07:31 pm at 7:31 pm |
  19. dr

    Just wait until the truth comes out about Mitt's Mormon faith. I can't wait until they start asking tough questions about the blood atonement ceremony that is included in his secret society temple ritual. You think Rev. Wright is a big deal, wait until they pull the curtain back on the Mormons. Mitt is a vulture capitalist that took my company apart. Sent the labor overseas and made millions. This guy is just exactly what we need to finish this country off.

    May 28, 2012 07:32 pm at 7:32 pm |
  20. Mario

    Keep Romney and his Tea Party out of Washington. They will take our Civil Rights away and allthe work hard for from African American, Mexican Americans, Women and Gays getting the right to vote. If Romney and his Tea Party win. We all will our SS our insurance and the will reward the Top 1%.

    May 28, 2012 07:36 pm at 7:36 pm |
  21. Mary Ann

    This guy resides on what planet?

    May 28, 2012 07:43 pm at 7:43 pm |
  22. G

    The "Bain mindset" would view America as one big failing company that needs excess waste such as the elderly, the very young, the poor, and the sick to be trimmed. Medicare, Medicaid, Social Security, veteran's benefits, education, and social programs will be stripped. All proceeds from the stripping of America' assets will go to the vulture capitalists who bought and paid for Mitt Romney in the form of campaign donations.

    "You're going to have casualties". This is social darwinism.

    May 28, 2012 07:44 pm at 7:44 pm |
  23. Ed FL

    I see that the IDIOT congressman from California ISSA appears to be a ROMNEY CLONE. He no doubt has lots of money that he has aquirred through questionable activities as a Crooked California Congressman. I also believe that he will want military credits because he lives in California near a military base. I am pretty sure lots of military projects were held up by Issa ,due to his desire to see his name in the news,no matter whose ox is gored while he plays the GOP games.

    May 28, 2012 07:44 pm at 7:44 pm |
  24. Squigman

    Why not. The mindset of Ayn Rand's, Atlas Shrugged seems to be popular. Why not run everything into the ground based of literary fiction and statistics that have been figured by liars.

    May 28, 2012 07:44 pm at 7:44 pm |
  25. Sandy

    "You're going to have some casualties, that's exactly what we need in Washington and why I'm so delighted to support Gov. Romney," Issa said

    So he's "happy" to have some casualties, so long as it's the poor paying the price, right? I love how all these conservatives try to help Romney by putting their foot in their mouths.

    May 28, 2012 07:47 pm at 7:47 pm |
1 2 3 4 5