Bain Capital Fights Back Against Democratic Campaign Attacks

By: Associated Press
By: Associated Press

Facing new attacks from Democrats, the private equity firm Mitt Romney helped create is defending its record.
In a statement released Tuesday, Bain Capital says its record will be distorted and oversimplified during the presidential campaign. The Massachusetts-based firm notes that Romney retired more than 13 years ago.
President Barack Obama's re-election campaign launched an attack ad this week across five states targeting Romney's tenure at the firm, which one former worker likened to a vampire.
Bain says it helped improve companies' bottom lines more than 80 percent of the time.
But employees from companies that went bankrupt under Bain's leadership are speaking out.
The likely Republican presidential nominee, Romney spent most of his business career at Bain and amassed a personal fortune now worth as much as $250 million.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by commonman Location: lansing on May 17, 2012 at 05:16 PM
    "You're so Bain
    You probably think this ad is about you
    Don't you, don't you?"
    (With apologies to Carly Simon)
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 151819515 - wilx.com/a?a=151819515
Gray Television, Inc.