ANDERSON, S.C. – Joining a growing chorus of criticism of Republican presidential front-runner Mitt Romney’s tenure at Bain Capital, rival Rick Perry said on Monday that the former Massachusetts governor insulted potential voters by suggesting that he understood their pain.
“If you are the victim of Bain Capital’s downsizing, it is the ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain,” the Texas governor told a crowd of about 100 people at Mama Penn’s restaurant. “He caused it.”
Perry was responding to a comment Romney made in New Hampshire on Sunday saying that he understood the fear of getting pink slips.
“I have no doubt that Mitt Romney was worried about pink slips – whether he was going to have enough of them to hand out,” Perry said. “Because his company, Bain Capital -- all the jobs that he killed -- I’m sure he was worried he would run out of pink slips.”
To underscore his point, Perry talked about two local companies: one that made photo albums in Gaffney and another involved in steel production in Georgetown, which the private equity firm shut down and merged, respectively. He said Bain made millions in management fees from the actions.
“There is nothing wrong with being successful and making money. That’s the American dream. But there is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business. I happen to think that that is indefensible,” Perry said.
It was Perry’s strongest attack on a rival in weeks. He campaigned through Iowa telling crowds that Romney was a “Wall Street insider,” but he did not use as much detail or emotional force in his attacks as he did on Monday.The focus on Bain Capital is more likely to resonate with people in South Carolina, which has an unemployment rate of 10.5 percent, than it would with people in relatively well-off Iowa and New Hampshire.
A Perry surrogate who was with him on the campaign trail, Capt. Dan Moran, a wounded Iraq veteran, also picked up the Bain theme in his remarks.
“To pass yourself off as an individual who is creating value when you’re destroying value, we’re going to see right through that,” Moran told the crowd.
Romney has benefited from his rivals’ focus on tearing each other down. But in a nationally televised debate in New Hampshire on Sunday morning, the candidates – in particular former House Speaker Newt Gingrich – began to focus in earnest on Romney's record at the private equity company. A super PAC backing Gingrich also launched a $3.2 million negative ad campaign against Romney on Monday.