Bain Capital

Still Want to Defend Romney and Bain?

People are crying crocodile tears about Newt Gingrich and Rick Perry attacking Mitt’s record with Bain Capital.  While I think some of the rhetoric has been excessive, I also don’t think this line of attack is completely out of line.  As conservatives we tend to reflexively defend all market institutions without first considering that some institutions are a little shady.  Moreover, I find it incredibly amusing that people are using this as a cudgel against Gingrich and Perry when Romney was the one who attacked Perry from the left on social security and basically charged him with wanting to take people’s social security away.  What’s good for the goose is good for the gander.

Whether or not you think this line of attack on Romney is fair, Mitt is going to have to come up with a better line of defense than this:

On the heels of his decisive victory in the New Hampshire primary, Mitt Romney took the attacks on his private sector record used by GOP rivals and turned them against President Obama.

Romney’s critics have accused him of destroying jobs in order to increase profits for his investment firm, Bain Capital, but speaking Wednesday on CBS, Romney said that what he did was no different from the Obama administration’s auto industry bailouts.

“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,” Romney said Wednesday on CBS.

This is a preemptive strike against a potential line of attack in the general election, but does Mitt really want to imply that what he did was not much different than what Obama did with the bailouts?  He’s already got Romneycare hanging around his neck, and now he’s volunteering a comparison with President Obama that most conservatives are not going to find flattering.

Hey, Mitt, you haven’t sewn up the nomination quite yet.  You might want to keep that in mind before opening your mouth again.

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