Thursday, January 12, 2012

McCain In 2008: Romney Presided Over Bain As It ‘Laid Off Thousands Of Workers’

By Alex Seitz-Wald/Think Progress

Before Sen. John McCain (R-AZ) was trying to help Mitt Romney win the White House, the senator spoke out against Romney’s former company, Bain Capital, for engaging in the type of behavior that is now drawing the ire of the other GOP presidential hopefuls. McCain has endorsed Romney this year, and is defending him against attacks on Bain’s “vulture capitalism” from Newt Gingrich and Rick Perry. But as BuzzFeed points out, even McCain saw the problems with Bain four years ago when he ran against Romney.
In Florida, McCain shot at Romney: “As head of his investment company he presided over the acquisition of companies that laid off thousands of workers.” In a debate, McCain charged, “He managed companies and he bought and he sold and sometimes people lost their jobs.” McCain’s campaign manager added, “He learned politics and economics from being a venture capitalist, where you go and buy companies, you strip away the jobs, and you resell them,”
But today, McCain suggested attacks on Romney’s jobs record at Bain are akin to “communism.”
Meanwhile, former GOP presidential candidate Mike Huckabee is also defending Romney on Bain, even though he once quipped that Romney looks “looks like the guy who fired you.”
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