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The Trail: 2012 Presidential News from the Field / Campaign 2012

Surrogates Fight Over Romney's Business Record

photo of Beth Reinhard
May 27, 2012

Former Republican National Committee Chairman Ed Gillespie said on Sunday that President Obama’s attacks on Mitt Romney’s business record reflect “policies that are hostile to private investment and job creators.’’

Romney spent most of his career heading Bain Capital, an investment firm that took over struggling companies. In some cases being highlighted by the Obama campaign, the companies went bankrupt, workers lost their jobs and Bain walked away with millions of dollars.

“They were very good at that -- making money for themselves and investors,’’ former White House Press Secretary Robert Gibbs said on CBS’s Face the Nation. “What Bain Capital never did was focus on job creation…That’s what Mitt Romney is running on.’’

 

But Gillespie, a Romney adviser, said the vast majority of Bain’s companies thrived. Obama's attacks, he said, show that he doesn't understand how to fix the economy.

 “There is a correlation between making money, growing a company and creating jobs. That’s why President Obama doesn't understand,’’ Gillespie said.

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