Former Republican presidential nominee John McCain on Sunday walked back on his 2008 attacks on current GOP hopeful Mitt Romney for his record of killing jobs as the head of Bain Capital. During a 2008 campaign stop in Florida, McCain had blasted Romney for taking over companies and laying off “thousands of workers.” “I think he managed companies and he bought and he sold and sometimes people lost their jobs,” the Arizona senator explained at a January 2008 debate. […] “This is the free enterprise system,” McCain insisted. “The only place in the world that I can recall where companies never failed was the old Soviet Union. This is what investors do in the free enterprise and capitalism system.” “And, yes, the free enterprise system can be cruel,” he added. – Raw Story
Newt Gingrich on Sunday defended Mitt Romney from attacks made on his record at Bain Capital. “Bain as an issue doesn’t work because people look at it in balance,” he said on ‘Meet The Press’. “And they say, wait a second, yeah, you can pick a couple companies that lost. You can pick a lot of companies that succeeded. And as even as the governor of Massachusetts said last week, it is a good company.” The former presidential candidate’s defense of Romney’s business record may surprise those who followed his campaign. At one point, Gingrich made Romney’s Bain record a central issue and referred to private equity as “rich people figuring out clever legal ways to loot a company.” — HuffPo “I was very careful,” Gingrich said. “I didn’t go after private equity. … [Obama’s] going after all private equity.” The Obama campaign insists it is not “going after all private equity” but merely arguing that private equity experience does not qualify Romney to be president. – Boston.com
John McCain, defending Mitt Romney’s Bain record: “Yes, the free enterprise system can be cruel.” — TPM
Has Juan McCain ever missed a Sunday talk show?