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Battle Over Bain

Battle Over Bain

Joe Biden (Photo: Getty)

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

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.” Read More