After a brief respite for the holiday weekend, the battle over Bain Capital waged on in the presidential race. Romney campaign spokeswoman Andrea Saul took the first shot on CNN this morning by saying Mitt Romney’s work at the private equity firm led to more new jobs than President Barack Obama’s first term in the White House.
“Governor Romney has 25 years of experience as a businessman and entrepreneur, creating jobs. The only thing President Obama’s ever managed is his own narrative,” Ms. Saul told CNN anchor Soledad O’Brien. “Governor Romney has that experienced, he’s learned from his successes and failures and he created more jobs at Bain Capital, or helped create more jobs at Bain Capital, than President Obama has in the entire nation as president.”
Since Ms. Saul said Mr. Romney learned from his mistakes at Bain, Ms. O’Brien asked her to cite specific examples of failures that occurred on the company’s watch. She wouldn’t name any specific instances of mistakes made by Mr. Romney at Bain.
“Look, in business any entrepreneur knows that things don’t always work out the way you want,” said Ms. Saul. “The goal was always to grow companies to make them better, but it’s not always going to work out.”
Ms. O’Brien pressed the point, but Ms. Saul still didn’t cite specific examples.
“Not every business is successful. So, he had successes, he had failures. I don’t have any specific examples to pass on, but there’re going to be ups and downs,” Ms. Saul said. Anybody in the private sector understands that.”
Ben LaBolt, press secretary for the Obama campaign, quickly pounced on Ms. Saul’s refusal to name specific failures that occurred during Mr. Romney’s Bain career. He issued a statement citing her comments as proof Mr. Romney doesn’t learn from his mistakes and would institute. “the same failed policies that created the economic crisis in the first place.”
“Mitt Romney has asked the American people to elect him based on his experience as a corporate buyout specialist–that’s the economic philosophy he would bring into the Oval Office. He has claimed time and again that his goal was job creation, but the workers who lost their jobs when he profited off of bankrupting companies and outsourcing know that wasn’t the case,” Mr. LaBolt said. “On CNN this morning, Andrea Saul couldn’t list a single lesson Mitt Romney learned from his failures as a corporate buyout specialist. Does Mitt Romney still believe it’s okay to bankrupt a company and walk away with millions when workers are left without jobs, pensions, and health care? Romney’s record tells us he didn’t learn any lessons from his past failures.”