Romney Says His Work at Bain Is Like Obama's Auto Industry Bailout
According to The Hill, in a CBS This Morning interview, New Hampshire Republican primary winner Mitt Romney, said that his work to increase profits for his investment firm, Bain Capital, "was no different from the Obama administration’s auto industry bailouts." Mr. Romney said:
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.
Mr. Romney's comments came in response to criticism by fellow Republican candidates Newt Gingrich and Rick Perry, that, during his tenure at Bain, he engaged in "looting" start-up companies and "vulture capitalism."
During his daily show on Wednesday, Rush Limbaugh urged his listeners who were driving to "pull over" as he played the audio of Mitt Romney's response. Gov. Romney's reply to the criticisms are just as unbelievable as the criticisms themselves. Aren't true conservatives against the government auto industry bailouts and TARP, for that matter? Why draw that comparison, and no sharp contrast, instead, to the president's socialistic policies? Oh...I forgot...Mitt Romney doesn't believe the president is a socialist.
Is Mitt Romney's point, "You did it, too, Mr. President, so you can't criticize me?" Worse, does Mr. Romney believe that the president did, in fact, "save" the auto industry?
Or, are conservatives seeing what they already suspect: that conservatism is not really this man's native language? In that case, the reality may be that Mitt Romney is unable to explain what capitalism is, and how it really works. Newt Gingrich and Rick Perry may have set themselves up for a fall with their comments, but is Mitt Romney the candidate to be representing conservative Republicans in the general election?
Lots of questions...not many answers...for now.