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Romney likens work at Bain Capital to Obama’s auto industry bailout
The Hill ^ | 01/11/12 | Jonathan Easley

Posted on 01/11/2012 7:40:30 AM PST by Qbert

On the heels of his decisive victory in the New Hampshire primary, Mitt Romney took the attacks on his private sector record used by GOP rivals and turned them against President Obama.

Romney’s critics have accused him of destroying jobs in order to increase profits for his investment firm, Bain Capital, but speaking Wednesday on CBS, Romney said that what he did was no different from the Obama administration’s auto industry bailouts.

“In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,” Romney said Wednesday on CBS.

President Obama has publicly touted his plan to “retool and restructure” the auto companies as “an investment in American workers.” Romney was strongly opposed to the auto bailouts, but on Wednesday likened the president’s strategy to his own. “We also had the occasion to do things that are tough to try and save a business,” he said.

Bain Capital, Romney’s former firm, specializes in providing financial and management advice, often taking over distressed companies, which in some cases results in closed businesses or massive layoffs.

Romney contends that the companies Bain turned around more than make up for the layoffs, and that he helped create more than 100,000 jobs during his time there, a figure his critics contest.

Newt Gingrich and Rick Perry spent the days leading up to the primary assailing Romney for his time as an executive at Bain Capital, calling him a “vulture” capitalist and framing the firm as an unethical institution that “undermined capitalism.”

“We expected President Obama to put free enterprise on trial and to continue his rhetoric of envy and class warfare,” Romney said on MSNBC. “We’re a little surprised to see it coming from Speaker Gingrich and others, but you know, if campaigns aren’t going well people try new tacks, I don’t think it worked last night in New Hampshire, I don’t think it will work in South Carolina.”

Gingrich has himself been criticized, most prominently by influential conservative radio host Rush Limbaugh, for waging attacks on Romney that his critics say are liberal, anti-capitalist arguments that will be adopted by the Obama campaign.

On Tuesday, the New Hampshire primary runner-up Ron Paul surprisingly came to Romney’s defense, saying Perry and Gingrich sounded “like Democrats” with their attacks.

“It is strange, those that are calling themselves true conservatives ended up attacking venture capitalism and capitalism in general,” Romney continued. “It suggests a bit of a desperate time for some campaigns.”

(Video at link)


TOPICS: Front Page News; News/Current Events; Politics/Elections; US: South Carolina
KEYWORDS: bailouts; bailouts4romney; bain; bainandcompany; baincapital; dnc4romney; fascism4romney; iag4romney; obama4romney; pandering; romney; romney4obama; romneyequalsobama; romneyforobama; romneyisobama; sharia4romney; soros4romney; tarp4romney; vulturecapitalism; vulturefund
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"Romney likens work at Bain Capital to Obama’s auto industry bailout"

This is just wrong on so many levels.

1 posted on 01/11/2012 7:40:34 AM PST by Qbert
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To: Qbert

“In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,” Romney said Wednesday on CBS.
_______________________________________________

what an idiot..


2 posted on 01/11/2012 7:42:15 AM PST by Tennessee Nana
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To: Tennessee Nana

I had just been steeling myself to stomach his nomination. Now I have to start all over again.


3 posted on 01/11/2012 7:46:04 AM PST by rightwingcrazy
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To: Qbert
“In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,” Romney said Wednesday on CBS.

"Oh, he DID NOT say that!"


4 posted on 01/11/2012 7:46:15 AM PST by COBOL2Java (Virginia GOP: Romney's favorite butt boys)
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To: Qbert
Wednesday likened the president’s strategy to his own. “We also had the occasion to do things that are tough to try and save a business,” he said.

Fine by me if Mitt wants to take that approach. The GM bailout was a debacle. GS Industries went bankrupt and one reason was poor management.

All he's showing is both are failures at the executive level.

5 posted on 01/11/2012 7:46:35 AM PST by edpc (Wilby 2012)
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To: Tennessee Nana

I can think five ways off the top of my head that even a moronic clown like Obama would destroy Romney with this dopey analogy.


6 posted on 01/11/2012 7:47:00 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert

The great Conservative Capitalist willard has spoken.


7 posted on 01/11/2012 7:47:01 AM PST by Leep
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To: Qbert
So in his own words Romney is just like Obama. I had figured that out already, I hope the rest of the conservatives out there who claim that Romney is acceptable start to get their wake up call from this.

I will not vote for Romney. If he is the nominee I will vote third party and count on conservatives in the House and Senate to keep Obama in check and minimize the damage. I'm throwing my vote away, but I would rather throw it away than have it used against me. I may not be able to stop the Romney lead destruction of our country, but I will be damned if I will help it along.

The only difference between Romney and Obama is that when Romney destroys the country the conservatives will get the blame. At least with Obama when the country burns the Democrats take the heat. And the conservatives get to be in charge of rebuilding. It is a crappy conciliation prize, but way better than the alternative.
8 posted on 01/11/2012 7:48:02 AM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: Qbert
"Romney likens work at Bain Capital to Obama’s auto industry bailout"

LOL. Thanks Mitt for cutting out the legs from all of the people who have been supporting you against Newt's Superpac attacks.

Closing question, does this mean that Romney thinks his tenure at Bain involved crony capitalism of the sort Obama practiced with GM?

9 posted on 01/11/2012 7:48:27 AM PST by vbmoneyspender
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To: Qbert

The attacks on Romney in regards to Bain are being portrayed by the Romney lovers as a left wing attack on capitalism.
BS

Romney used Bain to raid workers pension funds then stuck the government (US taxpayers) with the bill. If criticism of that is anti-capitalist then I guess I am not a capitalist.

Go Newt!


10 posted on 01/11/2012 7:50:37 AM PST by TexasFreeper2009 (Go Newt!)
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To: Qbert
You are so right! What a dolt!

A better approach would be to say what he did at Bain is what he will do to the DOE and others. Cut, and eliminate useless underperforming agencies, which will inevitably lead to many in government losing their jobs. Sometimes it just has to be done...

11 posted on 01/11/2012 7:54:26 AM PST by Anti-Hillary
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To: Tennessee Nana

yea just like he says...he is pretty much like nobama...what a loser in the making!


12 posted on 01/11/2012 7:54:46 AM PST by ldish (Looking forward to Independence Day)
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To: Qbert

I won’t vote for Romney, but if he gets elected, I hope he is as good at firing employees as he was at Bain. He may just balance the budget.


13 posted on 01/11/2012 7:54:46 AM PST by Daveinyork
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To: GonzoGOP

"So in his own words Romney is just like Obama. I had figured that out already, I hope the rest of the conservatives out there who claim that Romney is acceptable start to get their wake up call from this.

Yep. I swear, this is candidate McCain's "Obama's sure a fine fellow, and he'll make a good president" all over again...

We need a Conservative fighter up there- not a cheap, defensive panderer like Rombot.

14 posted on 01/11/2012 7:55:51 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert

Oh my !!

How does he think this helps him????


15 posted on 01/11/2012 8:01:17 AM PST by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: Qbert
"“It is strange, those that are calling themselves true conservatives ended up attacking venture capitalism and capitalism in general,”

They aren't attacking capitalism in general. And they aren't attacking venture capitalism, except to say that it's not the capitalism experience of building and employing, that you want in a Presidential candidate. They aren't saying what he did was wrong, just that the experience is not the normal breed of capitalism.

16 posted on 01/11/2012 8:03:31 AM PST by DannyTN
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To: Qbert
Hey GOP- good luck in the general running a guy who not only comes across as a spoiled prick, but one willing to fall back on Obama as a character reference.

No wonder McCain endorsed Mitt... 2012 will make the 2008 capitulation campaign look like a slugfest by comparison.

Mr. niteowl77

17 posted on 01/11/2012 8:03:49 AM PST by niteowl77 (Mitt Romney: the horse the GOP elite intends to ride into the abyss. Or is it the other way around?)
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To: Qbert
ROMNEY.....In the general election I’ll be pointing out that (Obama) the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,”.......President Obama has publicly touted his plan to “retool and restructure” the auto companies as “an investment in American workers.”...(Romney was strongly opposed to the auto bailouts,.. but on Wednesday likened the president’s strategy to his own.)

Please someone help me understand that this isn't Romney supporting Obama????? ..He did say he'd be pointing out Obamas record of saving business????

If this weakling goes further in this Primary we are cooked frogs in a pot!!!! and Obama will turn the heat up even higher.

God have Mercy on all.

18 posted on 01/11/2012 8:06:35 AM PST by caww
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To: Qbert
"Romney likens work at Bain Capital to Obama’s auto industry bailout"
Thank you, Willard. Now everyone who wants to defend Romney by conflating the anti-capitalist activities of Bain Capital with "capitalism" or the "free market" may pour themselves a tall cool glass of STFU.
19 posted on 01/11/2012 8:08:25 AM PST by Timaeus (Willard Mitt Romney Delenda Est)
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To: Qbert
“In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,” Romney said Wednesday on CBS.

And now Obumbler can play that clip with the one of Romney saying that we should just let GM go bankrupt.

I agree with letting them go bankrupt, but he can't play both sides of the same issue.

20 posted on 01/11/2012 8:13:26 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Anti-Hillary

Imagine this dingbat going up against Irans leadership or Putin to negotiate any dealings whatsoever....we are toast if this goes down as it looks it might if something isn’t done soon......How did we get this far down that road!

Memories of McCain seem mild if this is the tune Romney keeps singing.......they’ll both be singing to each others choir!


21 posted on 01/11/2012 8:16:46 AM PST by caww
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To: Qbert

Let me guess...

“Taken out of context!”


22 posted on 01/11/2012 8:17:24 AM PST by Anitius Severinus Boethius
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To: Timaeus

quote “Thank you, Willard. Now everyone who wants to defend Romney by conflating the anti-capitalist activities of Bain Capital with “capitalism” or the “free market” may pour themselves a tall cool glass of STFU.”

ROFL

Go Newt!


23 posted on 01/11/2012 8:20:19 AM PST by TexasFreeper2009 (Go Newt!)
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To: caww

" Please someone help me understand that this isn't Romney supporting Obama????? ..He did say he'd be pointing out Obamas record of saving business????"

Yep. There are so many ways he could point out the key differences between Obama's failures and corruption in the auto bailouts- and instead he plays defensive and praises him. Romney wants to show that he's the nice, even-handed guy- well, we all know what Leo Durocher said about nice guys...

24 posted on 01/11/2012 8:20:33 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: caww
WORTH A REPOST

"""ROMNEY.....In the general election I’ll be pointing out that (Obama) the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,”.......President Obama has publicly touted his plan to “retool and restructure” the auto companies as “an investment in American workers.”...(Romney was strongly opposed to the auto bailouts,.. but on Wednesday likened the president’s strategy to his own.)

Please someone help me understand that this isn't Romney supporting Obama????? ..He did say he'd be pointing out Obamas record of saving business????

If this weakling goes further in this Primary we are cooked frogs in a pot!!!! and Obama will turn the heat up even higher.

God have Mercy on all.

25 posted on 01/11/2012 8:21:10 AM PST by annieokie
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To: TexasFreeper2009

Romney used Bain to raid workers pension funds then stuck the government (US taxpayers) with the bill.


Could you spell this out in layman’s terms so I can properly argue this point with Romney backers? Thank you.


26 posted on 01/11/2012 8:21:50 AM PST by bramps (zero from zero is zero)
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To: Timaeus
"""Thank you, Willard. Now everyone who wants to defend Romney by conflating the anti-capitalist activities of Bain Capital with "capitalism" or the "free market" may pour themselves a tall cool glass of STFU.""""

ROFL. Seems we have a MittBiden running. This is going to be a fun day.

27 posted on 01/11/2012 8:23:52 AM PST by annieokie
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To: Qbert

Admitting that he and Obama do the same things? Romneycare and Obamacare, Automaker takeover and Bain Capitol takeover? And those who call themselves conservative support this man? There is a difference between “working with the other side” and being like the other side and conservatives had better learn to tell the difference.


28 posted on 01/11/2012 8:25:42 AM PST by CynicalBear
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To: Qbert

All you sudden Romney lovers here, this is your guy...enjoy.


29 posted on 01/11/2012 8:27:09 AM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: Qbert

More vote for me... I’m like Obama BS.

The only difference between Romney and Obama is $50.

Under RomneyCare abortions are $50, with ObamaCare killing your baby is free.


30 posted on 01/11/2012 8:28:46 AM PST by rwilson99 (Please tell me how the words "shall not perish and have everlasting life" would NOT apply to Mary.)
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To: bramps
http://thinkprogress.org/economy/2012/01/06/399117/romney-bain-federal-bailout/?mobile=nc

here's an article about how Romney fired the workers (which he loves to do), looted their pension plans to line his pockets, then left US Taxpayers with the tab (just like the auto bailouts that Romney embraced today)

31 posted on 01/11/2012 8:29:45 AM PST by TexasFreeper2009 (Go Newt!)
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To: CynicalBear

“Admitting that he and Obama do the same things? Romneycare and Obamacare, Automaker takeover and Bain Capitol takeover?...There is a difference between “working with the other side” and being like the other side and conservatives had better learn to tell the difference.”

Good points.


32 posted on 01/11/2012 8:32:09 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: TexasFreeper2009

Thinkprogress is your source? Left-wing, pro-OWS, we are the 99% Thinkprogress?


33 posted on 01/11/2012 8:32:15 AM PST by magritte
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To: magritte

who cares about the source? are you disputing the facts?


34 posted on 01/11/2012 8:34:14 AM PST by TexasFreeper2009 (Go Newt!)
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To: dfwgator

Man, THIS thread got quiet, didn’t it?

Where oh where did the Mitt-Bots go?


35 posted on 01/11/2012 8:34:24 AM PST by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: magritte

here’s another source if you prefer:

http://www.huffingtonpost.com/2012/01/06/mitt-romney-bain-capital-bailout_n_1189227.html


36 posted on 01/11/2012 8:36:42 AM PST by TexasFreeper2009 (Go Newt!)
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To: Qbert
Romney’s critics have accused him of destroying jobs in order to increase profits for his investment firm, Bain Capital, but speaking Wednesday on CBS, Romney said that what he did was no different from the Obama administration’s auto industry bailouts.

My Lord, who in the bloody hell is advising Romney to say such stupid things?!

This is why Mitt Romney should NEVER be President. He's too stupid to see the difference between Bain's using PRIVATE CAPITAL to turn companies around vs. the US Government STEALING TAXPAYER DOLLARS TO PERFORM UNCONSTITUTIONAL BAIL-OUTS FOR OBAMA'S BUDDIES, THE UNIONS.

If Romney gets the nomination, the Country, the American Tax Payer, and the Republican Party are all EFF'ed.

37 posted on 01/11/2012 8:37:03 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

Romney has no chance in HELL of beating Obama.....zero, zilch, nada!


38 posted on 01/11/2012 8:39:01 AM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: usconservative
No kidding!

This is so idiotic of Romney.

He should have presented it as an either/ or.

Either we have firms like Bain that buy out and restructure companies to make a profit and/or to make the company profitable - OR we have massive government bailouts with bought and paid for politicians deciding who gets what based upon political clout rather than economic concerns (i.e. giving GM to the auto union goons and leaving the bondholders out in the cold).

39 posted on 01/11/2012 8:42:40 AM PST by allmendream (Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
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To: Qbert

“In the general election I’ll be pointing out that the president likes to fire people too,” Romney said Wednesday on CBS.


40 posted on 01/11/2012 8:47:52 AM PST by running_dog_lackey
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To: allmendream
The alternative to the necessary economic function that Bain Capital, and organizations like it provide are Government Bailouts.

And we've seen how successful these bailouts are. Crappy electric cars that catch on fire, abrogation of the U.S. Constitution and contract law seizing assets from rightful owners, giving control of companies to Unions, failed environmental and energy policy, and the list just goes on, and on, and on.

The fact that Mitt Romney can't see the difference between Bain and the U.S. Government in this matter automatically and forever should disqualify him from ever serving as municipal DOG CATCHER, much less United States President.

41 posted on 01/11/2012 8:49:43 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: TexasFreeper2009

Huffpo? Why not Reuters or maybe an OWS flyer?

Try to answer these to with your “sources”:

What year did GST go out of business?:
What year did Romney leave Bain Capital?:


42 posted on 01/11/2012 8:49:43 AM PST by magritte
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To: Qbert; annieokie

I’ve majorly avoided listening to any of Romney’s speeches or bites aside from the debates...but recently I listened to something while defending his position to a pundit....What a babbling weakling....there is no conviction nor strength behind his delivery , he constantly cuts himself off as he babbles away,... no focus and his weird smile plastered on his face while doing so just adds to the “theater” that he’s on stage. What a phoney!

There’s nothing in there! He’s like a college kid running for office....no skin off his nose if he looses or wins....he’s already set for life in every way....and politically as well no matter which way this flys.

Golly I sooooooo detest the man. He’s like a clone of someone elses idea of how he should “Be”.


43 posted on 01/11/2012 8:50:26 AM PST by caww
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To: running_dog_lackey
“In the general election I’ll be pointing out that the president likes to fire people too,”

LOL. In other words, vote for me because the other guy is just as bad as me.

44 posted on 01/11/2012 8:51:26 AM PST by vbmoneyspender
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To: vbmoneyspender
LOL. Thanks Mitt for cutting out the legs from all of the people who have been supporting you against Newt's Superpac attacks.

Some folks aren't worth the trouble of defending, because they will turn around and waste the effort you have expended when they double down on the same idiocy - namely, their failure to think through their comments before the comment tumbles out of their mouth.

Seriously, what IS it about Massachussetts bluebloods like Kerry and Romney that turns them into opposition soundbite generation machines?

45 posted on 01/11/2012 8:51:59 AM PST by dirtboy
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To: dfwgator
Romney has no chance in HELL of beating Obama.....zero, zilch, nada!

Imagine the debates....why even have them....Romney's religion will stop him from nailing down Obama...he'll just keep smiling when he tries.. and that insecure laughter will be seen time and again as we see now.

In the end he'll pull a McCain....never use the ammo in his arsenal...he'll use a water gun and then wipe Obamas face after with apology.

46 posted on 01/11/2012 8:56:34 AM PST by caww
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To: caww
In the end he'll pull a McCain....never use the ammo in his arsenal...he'll use a water gun and then wipe Obamas face after with apology.

Hopefully he won't stick out his tongue.

After that garbage the GOP gave us in 2008....NEVER AGAIN! I will not settle anymore.

47 posted on 01/11/2012 8:59:14 AM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: Qbert
If I was a Democrat strategist looking to put together an ad, it isn't too difficult here, is it? Just quote Romney's words directly: "the president took the reins at General Motors and Chrysler ......... he did it to try to save the business"
48 posted on 01/11/2012 9:00:07 AM PST by Zajko (Never wrestle with a pig. You'll both get dirty, but the pig likes it.)
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To: vbmoneyspender

Is this what Self-Combustion looks like? If so it funnier than h*ll.


49 posted on 01/11/2012 9:02:49 AM PST by Clyde5445
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To: vbmoneyspender

“anyone, but Obama” is going to become,”everyone And Obama”.


50 posted on 01/11/2012 9:04:55 AM PST by WOBBLY BOB (Congress: Looting the future to bribe the present.)
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