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  • Romney compares Bain's operation to Obama's bailout of auto industry

    01/14/2012 7:10:29 PM PST · by TBBT · 21 replies
    McClatchy Newspapers ^ | 1/14/2012 | ADAM BEAM
    SUMTER, S.C -- SUMTER, S.C.- Republican presidential candidate Mitt Romney said his record at Bain Capital which included buying and later closing down a photo album plant in Gaffney is the same as President Barack Obama's record in bailing out the auto industry. "What the president has done overseeing GM and Chrysler has been reminiscent of what people in the private equity industry do. To try and save the business, you have to cut back to a core that matches the revenue of the business," Romney said Saturday in an interview with The State's editorial board. "And so, the president...