Bain Capital news stories on Newser

President: Romney's Bain Record Is Fair Game

Rob Quinn — Tue, 22 May 2012 02:20:58 CDT

President Obama isn't backing down from his attacks on Mitt Romney's record at Bain Capital. The focus on the private equity firm "is not a distraction. This is what this campaign is going to be about," he said at a press conference in Chicago yesterday. Romney's "main calling card for...

Cory Booker Learns to Backpedal

Matt Cantor — Mon, 21 May 2012 10:16:00 CDT

New Democrat darling Cory Booker made headlines yesterday when he hammered President Obama's ads attacking Bain Capital as "nauseating," and it didn't take long for him to make a sudden recovery. Hours after his comments, Booker posted a YouTube video clarifying his position. "Let me be clear: Mitt Romney has...

Rising Dem Calls Obama Campaign Ads 'Nauseating'

Neal Colgrass — Sun, 20 May 2012 13:40:05 CDT

A leading Obama supporter pushed back against the president's attacks on Mitt Romney today, calling them "nauseating to the American public." On Meet the Press , Newark Mayor Cory Booker slammed Obama's campaign ad criticizing Bain Capital, Politico reports: "Enough is enough," Booker said. "Stop attacking private equity." If this sounds...

Gingrich: Bain Attack Won't Work, I Tried

Kevin Spak — Fri, 18 May 2012 11:22:05 CDT

Newt Gingrich has some advice for president Obama: Don't attack Mitt Romney on his Bain Capital record. Gingrich, of course, aggressively did just that, with the pro-Newt super PAC creating an entire Bain-bashing documentary . But Gingrich's failure should be a clear sign that "that dog won't hunt," Newt tells the...

Obama's Ex-Car Czar: Bain Ad 'Unfair'

Kevin Spak — Mon, 14 May 2012 11:33:45 CDT

The man who turned around the auto industry for the Obama administration thinks it's out of line in attacking Mitt Romney's Bain record . "I think the ad is unfair," former "car czar" Steve Rattner said on MSNBC's Morning Joe this morning. "Look, Mitt Romney made a mistake ever talking about...

New Obama Ad: Bain a Vampire, Romney a Job Killer

Evann Gastaldo — Mon, 14 May 2012 10:15:06 CDT

Let the Democrats' Romney-Bain attacks begin. The Obama campaign comes out swinging against Mitt Romney this week with a new attack painting him as a job killer, Talking Points Memo reports. The new campaign, featuring a two-minute ad airing in five states, a longer six-minute video available online, and the...

Romney's Bain Pal: Rich Should Get Richer

Kevin Spak — Wed, 02 May 2012 12:53:20 CDT

If you're angry about the growing divide between America's rich and poor, former Bain Capital executive Edward Conard has a message for you: Get over it. Conard is a member of the 0.1%, a top Mitt Romney donor, and the author of Unintended Consequences , a book arguing that wealth...

Romney Won't Say Where His Money Is

Kevin Spak — Fri, 06 Apr 2012 08:50:05 CDT

What companies is Mitt Romney invested in? Your guess is as good as the Office of Government Ethic's. Romney's money is largely parked in 48 Bain Capital accounts, and because those accounts are all protected by confidentiality agreements, he's not required to disclose any of their underlying assets, the Washington...

Private Equity Can Ruin Firms —and Still Profit

Matt Cantor — Tue, 24 Jan 2012 10:03:26 CST

Mitt Romney's opponents have slapped Bain Capital over layoffs, but private equity actually has little overall effect on job numbers. Instead, the crimes of such companies are centered on the way they make money, writes James Surowiecki in the New Yorker . What we should be concerned about is the companies'...