Disgruntled Employees of Bain-Owned Companies Plan RNC Ambush for Romney

146567648 Disgruntled Employees of Bain Owned Companies Plan RNC Ambush for Romney
Mitt Romney (Photo: Getty)

The progressive activist group UnitedNY is sending a group of people who have “worked for various companies owned by Bain Capital” to Tampa to serve as “ambassadors for the 99%” at the Republican National Convention. UnitedNY announced their convention plans today via a press release inviting reporters to watch the Bain workers depart from JFK on Saturday.

“The workers traveling to Tampa have worked for various companies owned by Bain Capital, a private equity firm Mitt Romney founded in 1984. They will participate in protests to draw attention to the harmful effects a “Romney-Ryan” economy would have on the vast majority of Americans,” the press release said.  Continue reading “Disgruntled Employees of Bain-Owned Companies Plan RNC Ambush for Romney”

Romney Campaign: ‘The Only Thing President Obama’s Ever Managed Is His Own Narrative’

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President Obama

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.” Continue reading “Romney Campaign: ‘The Only Thing President Obama’s Ever Managed Is His Own Narrative’”

Obama: Romney ‘Should Be Proud Of The Great Personal Success He’s Had As A CEO’

barackobama Obama: Romney Should Be Proud Of The Great Personal Success Hes Had As A CEO
President Obama
At a campaign rally at the Iowa State Fairgrounds in Des Moines last night, President Barack Obama reiterated his campaign’s message that their criticism of Mitt Romney’s work at Bain Capital isn’t an attack on the private equity industry as a whole. President Obama said the discussion of Bain is about wheter Mr. Romney’s time “engaged in corporate buyouts” was proper preparation for the presidency.

“He should be proud of the great personal success he’s had as a CEO of a large financial firm. There are plenty of good and honest people in that industry, and there’s an important, creative role for it in the free market,” said the president. “But Governor Romney has made his experience as a financial CEO the entire rationale of his candidacy for president. Now, he doesn’t really talk about what he did in Massachusetts. But he does talk about being a business — business guy. Right? He says this gives him a special understanding of what it takes to create jobs and grow the economy. … So I think it’s a good idea to look at the way he sees the economy.” Continue reading “Obama: Romney ‘Should Be Proud Of The Great Personal Success He’s Had As A CEO’”

President Obama Won’t Be Returning His Donations From Bain Capital

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President Obama (Photo: Getty)

Though the Obama campaign has repeatedly attacked Mitt Romney for his career at Bain Capital, President Obama still accepted $7,500 in campaign contributions from two Bain executives. His campaign press secretary, Ben LaBolt told The Politicker the president has no intention of giving the money back.

“No one aside from Mitt Romney is running for President highlighting their tenure as a corporate buyout specialist as one of job creation, when in fact, his goal was profit maximization,” said Mr. LaBolt.  “The President has support from business leaders across industries who have seen him pull the economy back from the brink of another depression, manufacturing and the auto industry revived, and support his agenda to build an economy that lasts where America outinnovates and outeducates the rest of the world and economic security for the middle class is restored.” Continue reading “President Obama Won’t Be Returning His Donations From Bain Capital”

Jerry Nadler and Jay Jacobs Do A Delicate Dance Around The Private Equity Question

nadler jacobs Jerry Nadler and Jay Jacobs Do A Delicate Dance Around The Private Equity Question

Mitt Romney is currently on a fundraising swing through New York City and Democrats like Congressman Jerry Nadler and state party chairman Jay Jacobs used the occasion  to blast, as Mr. Nadler framed it, Mr. Romney’s economic “wizardry.”

Of course, neither Mr. Nadler or Mr. Jacobs would attack the financial industry with the same rhetoric as officials in other parts of the country — Mr. Nadler’s district contains many people who work in Wall Street and Mr. Jacobs undoubtedly raises plenty of money from that constituency as well.

Continue reading “Jerry Nadler and Jay Jacobs Do A Delicate Dance Around The Private Equity Question”

Joe Biden On Bain: ‘They Make Money Even When A Company Goes Bankrupt’

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Joe Biden (Photo: Getty)

At an event in New Hampshire today, Vice President Joe Biden launched the latest salvo in the Obama campaign’s continuing attacks on Mitt Romney for his work at the private equity firm Bain Capital. He defended the validity of discussing Mr. Romney’s career and characterized Bain as a parasitic corporation.

“Governor Romney has a trump card, he says. He says he is better qualified to be Commander-in-Chief because of his business experience. … So look, he raised it. So let’s take a look at his business experience,” Mr. Biden said. “You hear all these stories about his partners buying companies … where they load up with a tremendous amount of debt. The companies go under, everybody loses their job, the community is devastated, but they make money. They make money even when a company goes bankrupt, when workers lose their jobs.” Continue reading “Joe Biden On Bain: ‘They Make Money Even When A Company Goes Bankrupt’”