Tags: Romney | Bain | Capital | jobs | layoffs

Romney Stands By His Bain Capital Experience

Friday, 23 Dec 2011 02:21 PM

By Dan Weil


Republican presidential candidate Mitt Romney has taken some heat from Democrats for his tenure at private equity firm Bain Capital, which the former Massachusetts governor co-founded. But Romney is unbowed by the criticism.

“I know that the Democrats will try and make this a campaign about Bain Capital,” he told Time magazine. But, “25 million people are out of work because of Barack Obama. And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. ... So we’ll have that debate.”

The Obama camp will undoubtedly “demonize people who work in the private sector” and criticize Romney for layoffs at companies that were part of Bain’s portfolio, he said.

“[But] if you invest, as we did, in over 100 different businesses, there’s no one in America that will have had a record where all of them were successful, where none of them shrank or where none went out of business.”





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