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Romney Aide Defends Wall Street Practices Romney Aide Defends Wall Street Practices

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Campaign 2012

Romney Aide Defends Wall Street Practices

Eric Fehrnstrom, a senior aide to Mitt Romney, on Tuesday defended the practices of Bain Capital, JP Morgan Chase and other financial firms, saying attacks by the Obama campaign are just a distraction from his own economic record.

“Not every stock we buy, not every company we invest in, turns out to be a winner,” he said on NBC’s Today. “But over the long haul, Mitt Romney has had many more successes than failures. He learned from both experiences, and that's what makes him so qualified to lead on jobs and the economy.”


On Monday, the president’s campaign launched a website and ad campaign slamming his likely opponent for his time at Bain Capital, tying the former Massachusetts governor to a closed down factory. On Tuesday, the pro-Obama super PAC Priorities USA Action launched a five-state television ad campaign, further slamming Romney for his work at Bain.

Fehrnstrom pushed back on the attacks on Romney’s business record, saying it was only a distraction from the president’s economic record.

“I think these attempts by President Obama to distract from his own poor record on the economy are the biggest smokescreen since Mount St. Helens erupted,” he said.


The Romney campaign launched its own Web video on Tuesday entitled "A Few of the 23 million," attacking the president's record on jobs.


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