What Romney Should Have Learned At Bain

What Romney Should Have Learned At Bain

The Democratic mayor of Newark, N.J, Cory Booker after disagree one of President Obamaโ€™s key campaign messages Sunday, reversed his criticism.

On NBCโ€™s โ€œMeet The Press,โ€ Booker attacked Obamaโ€™s recent ad criticizing Mitt Romneyโ€™s record at Bain Capital and equated it to bashing the president over Rev. Jeremiah Wright.

โ€œIโ€™m not about to sit here and indict private equity,โ€ Booker said. โ€œIf you look at the totality of Bain Capitalโ€™s record, it โ€” theyโ€™ve done a lot to support businesses, to grow businesses. And this to me โ€” Iโ€™m very uncomfortable.โ€

โ€œThis kind of stuff is nauseating to me on both sides,โ€ he added. โ€œStop attacking private equity. Stop attacking Jeremiah Wright. This stuff has got to stop.โ€

Just hours before he had released a YouTube video partially walking back his comments.

โ€œMitt Romney has made his business record a centerpiece of his campaign,โ€

he protested.

โ€œHe has talked about himself as a job creator. Therefore, it is reasonable for the Obama campaign to examine that record and discuss it.โ€

But the real problem with Romney isnโ€™t what he did at Bain. Itโ€™s what he didnโ€™t seem to learn from it.

โ€œI know how business works,โ€

Romney likes to say.

โ€œI know why jobs come and why they go.โ€

Thatโ€™s overstating the case. But while Romneyโ€™s perspective at Bain was biased toward creating short-term profits rather than creating value or employment, it was a look at the ferocity of modern, global, financialized capitalism, and Romney surely recognizes its realities in a way many of us donโ€™t.

source: WP

Leave a Comment

Your email address will not be published.