Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Romney defends Bain work, Obama team joins attack

    ROCK HILL, S.C. (AP) โ€” Attacked as a corporate raider, Mitt Romney defended his record in a new television ad Friday that accuses Republican presidential rivals who criticized his time at the helm of a private equity firm of "embarrassing themselves by taking the Obama line."

    At the same time, Romney's allies were assailing rival and former Sen. Rick Santorum in ads in South Carolina and Florida for pork-barrel spending as they worked to keep the challenger, who has avoided criticizing Romney's business past, from catching fire while Romney pushes for a four-state win streak.

    "Mitt Romney helped create and ran a company that invested in struggling businesses, grew new ones and rebuilt old ones, creating thousands of jobs," says Romney's new ad in South Carolina that lists Staples, Sports Authority and Steel Dynamics as successes of the Bain Capital venture firm. "We expected the Obama administration to put free markets on trial ... Romney's GOP opponents are embarrassing themselves by taking the Obama line."

    That line was a slap at Newt Gingrich and Rick Perry, who have gone after Romney over his Bain tenure and drawn criticism from across the GOP for doing so.

    As if on cue, Obama's campaign released a scathing memo noting that Bain closed companies and cut wages and benefits, while Romney and his partners became wealthy. The memo amounts to a roadmap of the Obama campaign's general election playbook should Romney become the GOP nominee.

    "His overwrought response to questions about it has been to insist that any criticism of his business record is an assault on free enterprise itself," top Obama campaign aide Stephanie Cutter wrote. "But this is just an attempt to evade legitimate scrutiny of the record on which he says he's running."

    Romney also rolled out a radio ad about values in South Carolina โ€” likely to counter a TV ad by Gingrich that hits Romney on abortion โ€” and one in Nevada promoting his jobs experience. Romney and his allies are the only presidential campaign entities on the air in Florida, running moderate to heavy levels of ads.

    With the Bain issue now spreading across both the primary and general election campaigns, Romney was looking to blunt the force of attacks on the central rationale for his candidacy in hopes of preventing those criticisms from taking hold, if they haven't already. It's unclear whether attacks by Gingrich and his allies are having an impact on the race in South Carolina, where unemployment is high.

    At a rally at the University of South Carolina at Aiken, Romney was undeterred in stressing his private sector background. He avoided even alluding to the attacks on his Bain record.

    "A lot of people want to talk about how we create jobs. By the way, it is not to walk away from free enterprise. It is not to say that there's something wrong with the free-market system," Romney told more than 300 people at the event. "No, it's instead to hold fast to that system and make it work for the American people."

    Gingrich and Perry, each looking to right their struggling bids ahead of the state's Jan. 21 primary, have described Romney as a greedy corporate raider, not the business-savvy job creator he professes to be.

    They've been aided by a pro-Gingrich independent group that has pledged to run $3.4 million worth of ads attacking Romney on this issue in South Carolina. So far, less than $1.5 million in airtime has been bought for the ad, which features snippets of people talking about how they lost their jobs when Bain intervened at their companies.

    Under pressure from conservatives to scale back the attacks on Romney's business record, Gingrich released a statement Friday asking the super PAC to edit its advertisements to remove inaccuracies, or pull them.

    He also pivoted to accuse Romney of failing as Massachusetts governor to post healthy job gains and argued that that record, too, would be fodder for Obama.

    "These are just some of the facts which President Obama would use to undercut Gov. Romney's claims to be a job creator if he is the Republican nominee," Gingrich said in the statement.

    Santorum, the former Pennsylvania senator, has steered clear of the Bain fight as he aggressively competes in South Carolina, where polls show Romney leading.

    Some Republicans think Santorum is well positioned to rise in South Carolina, as he did just before the Iowa caucuses before narrowly losing to Romney. Santorum fared more poorly in New Hampshire but South Carolina is more friendly terrain for the champion of culturally conservative issues.

    The Romney-aligned super PAC called Restore Our Future, which is running $2.3 million in TV ads in South Carolina alone, is taking no chances of allowing a more conservative alternative to Romney to emerge and drag the race well into the spring. The group, which spent nearly $3 million on advertising in Iowa attacking Gingrich, was seen as effectively ending Gingrich's rise in Iowa before the caucuses.

    The pro-Romney group is also targeting Santorum on fiscal issues with TV ads and direct mail here and in Florida. Romney is considered the one to beat in Florida, which holds the next primary on Jan. 31.

    The commercials assail Santorum's support for pork-barrel โ€” or earmark โ€” spending while in Congress and his votes to increase the federal debt limit. Both were common positions among Republicans, but have become flashpoints for conservatives angry about spending and the federal budget deficit.

    "So how will Santorum beat Obama? Obama knows he can't," the ad says.

    A flier filling mailboxes in South Carolina makes a similar pitch, stating: "America is in a financial mess because of politicians like Rick Santorum."

    Santorum has stepped up his own advertising and a super PAC supporting him also is airing ads in South Carolina, although so far they have been upbeat messages about the candidate. The group confirmed Friday it was adding an additional $600,000 in advertising time in the state.

    Santorum on Friday stepped up his criticism of Romney, calling him "bland and boring" in a fundraising email. He said during a campaign appearance that people would find it hard to vote for Romney because he comes across too much like their boss. Santorum argued that he should be the nominee because he is the best person to challenge Obama.

    "We must stop Romney in South Carolina," he urged supporters in the email. "We must unite and guarantee a conservative standard bearer in 2012."

     
    • jon  •  Irvine, California  •  4 mths ago
      Check out the b&w photo of the bain crapital denizens -- deer-in-the-headlights prissies. None of which ever saw military service. Now there's a manly group for ya.
    • Dave  •  Minneapolis, Minnesota  •  4 mths ago
      Willard Mitt Romney is not eligible to be president, he is not a US citizen, he is Mexican. His father was born in Mexico and so was Willard. Have you seen his birth certificate? NO!!!
      • Steven 4 mths ago
        And his Father came to America, does that make Mitt an ANCHOR BABY??? LOL
    • John P  •  Ventura, California  •  4 mths ago
      He is the 1% candidate that the Tea Party needs. Formerly GOP.He can focus on Tea Party issues, womens rights, war for oil, destroy the EPA. Corporate raider.
    • Al. p  •  4 mths ago
      Is it just only me who find conservatives activist not liking anyone else going after Romney but they stay quit when Romney and co. is going after the other candidates, sort of strange? Strange things of course is common in the republicans world, wouldn't you say? The do as I say not as I do, crowd.
      • A Yahoo! User 4 mths ago
        I think it's just you. Newt is going after Romney in an ad for speaking french. Even as a liberal, wouldn't you find that rather odd?
    • jon  •  Irvine, California  •  4 mths ago
      there go the mormons, circling their cult wagons, and in their usual blind and obe-e-e-dient tradition are purchasing support for the greedy, lying con-artist twitt. It's a shame that not a single one of them is capable of independent thought. But I guess that would presume some intellectual ability -- something that the twitt is lacking as well. But I guess he doesn't need it; legacy wheeling & dealing has long worked for him, except where he didn't really need it -- going to that you-taw "school" named for a violent polygamist (bee-why-EWE (as in sheeples").
      • Robin 4 mths ago
        You're right John. I live in Utah and agree totally.
    • Go_Aet  •  4 mths ago
      "There was a woman who was running for political office, U.S. Senate. She took a very bold and courageous stand in 1970, and that was in a conservative state. That was that a woman should have the right to make her own choice as to whether or not to have an abortion. Her name was Lenore Romney, she was my mom. Even though she lost, she established a record of courage in that regard.โ€ - Mitt Romney in 1994

      He sounded like a real lib just like he sounds like real con now.....what a cult!!! LMAO!!!
    • Rationalist  •  Reno, Nevada  •  4 mths ago
      SHOW US YOUR TAX RETURNS MR. EXPLOITER!
    • TropicalTrooth  •  4 mths ago
      So basically Mitt did the same thing WARREN BUFFETT does. Difference is Mitt doesn't share his fortune nor is he much of a philanthropist. GREED gets you anywhere in the GOP.
    • Bring'EmHome  •  Sacramento, California  •  4 mths ago
      Bain Capital Owns Clear Channel (Rush Limbaugh, Sean Hannity, Glenn Beck, Michael Savage, Etc.)

      Wouldnโ€™t it be great if a Republican presidential candidate could just buy the support of just about every major conservative talk show host in America? Well, it may not be as far-fetched as you may think.

      Clear Channel owns more radio stations (850) than anyone else in the United States. They also own Premiere Radio Networks, the company that syndicates the radio shows of Rush Limbaugh, Sean Hannity, and Glenn Beck, among others. Needless to say, Clear Channel basically owns conservative talk radio in the United States.

      So who owns Clear Channel? Well, it turns out that Bain Capital is one of the primary owners of Clear Channel. Yes, you read that correctly. The company that Mitt Romney ran for so long is one of the โ€œbig bossesโ€ over virtually all conservative talk radio in America.

      Of course Mitt Romney is not running Bain Capital anymore. He is a โ€œretired partnerโ€, but he still has a huge financial stake in Bain Capital. Weโ€™re talking about millions upon millions of dollars. If you doubt this, just check out page 34 of this public financial disclosure report.

      opensecrets. org/pfds/pfd2006/N00000286_2006_Pres. pdf

      (Take the 2 spaces out of the link)

      So if you have been wondering why so many conservative talk show hosts are being so incredibly kind to Mitt Romney, this just might be the answer.
      • golfnut 4 mths ago
        Sounds like vulture capitalism in politics.
      • condor 4 mths ago
        These people along with the Gop are dividing and destructing America
      • Steven 4 mths ago
        NO tell me it ain't soo!! GOP & Faux BIASED??
    • American  •  4 mths ago
      Politicians make media tycoons really wealthy ! Who is the real winner?
    • Brad  •  4 mths ago
      Republicans need to realize that not everyone who works hard is wealthy, and not everyone who is wealthy works hard.
      • Bronco 4 mths ago
        Your right. Successful people just get lucky, they don't work hard.
      • Brad 4 mths ago
        So your point of view is that all wealthy people are self made types who earned their wealth through hard work? Man, the greedy old party is missing a sheep.
      • rustybucket55 4 mths ago
        Most of them inherited it!
    • andrew  •  Carlsbad, California  •  4 mths ago
      Bain owns Clear Channel, who owns WLW-AM, WKRC-AM, which airs Hannity and Rush Limbaugh. The media is BIASED. You have to read about the candidates yourself to find which one is the vote for you!!!!!
    • Bring'EmHome  •  Sacramento, California  •  4 mths ago
      When Mitt Romney came to town (search it)

      โ€œThey closed down more than a thousand plants, stores and offices. They outsourced tens of thousands of jobs. And they took 12 companies to bankruptcy and on those bankruptcies he and his partners made hundreds of millions of dollars,โ€ Axelrod told me.

      โ€œHe is not a job creator he is a corporate raider,โ€ he added. โ€œThose arenโ€™t the values that we want to lead our economy.โ€
    • Tony S  •  4 mths ago
      What Romney did was not capitalism.
      Capitalism does not require force. I go to the vendor of a product, and offer some of my time and labor, in the form of currency, and he offers the result of his time and labor, in the form of goods and services. We either agree on the rate of exchange or we do not. After the exchange we both feel that we have increased our lives. If we have not, then he either raises his prices, or lowers them, and I agree to the higher price, or demand a lower one. No force is needed.

      What Romney did, was to aquire the rights to a company, then began selling that companies bits. So far, so good, no force.
      Then Romney declares that company bankrupt. The constitutional idea of bankruptsy is that you pay everyone you owe, as much as you can, and a court indemnifies you against future claims. You are flat broke, but you are still free to begin again. That did not happen here.

      Romney's lawyers got first-day orders from a court which used the company assets to pay the lawyers, to pay pensions of employees 40 cents on the dollar for their already low pension payoffs. and to allow bain to keep 80 million dollars.
      The court is the use of the force of government. He did not negotiate with employees, he just availed himself of the power of the state to take 60 percent of an already paltry payout.

      Force was used, again, to force you and I to compensate the employees, by funding a portion of that 60 per cent with tax dollars, and to pay for unemployment insurance.

      All of this would pass the smell test if Bain walked away, breaking even. It was a Bankruptsy, after all. They did not break even. Bain was able to keep 80 millions of dollars while using the force of government to stiff their vendors, creditors, and employees.

      When the descision to raid a company is made, the most important factor is how well funded the pension plan is. These corporate raids are not after the companies for their assets. They raid pension plans.

      Capitalism requires no force. What Bain Capital does is not capitalism.
    • DavidK  •  4 mths ago
      Your choice is Shemp or Moe.
    • Rpaulman  •  4 mths ago
      Clear Channel is owned in part by Bain Capital. This will come out eventually. Hopefully the sooner the better.
    • Rpaulman  •  4 mths ago
      Bain Capital owns in partnership Clear Channel radio and its subs. Rush, Hannity, Savage,
      Levin all work for Bain Capital through its holdings. Me thinks they will never say anything bad about their moderate ex boss. They do not want the public to know this it would further the knowledge of they being mere propagandists for their corporate masters.
    • William  •  Gouldsboro, Pennsylvania  •  4 mths ago
      Romney can't defend cremating jobs no way.
    • Robert G. Ingersoll  •  4 mths ago
      Despite what Mr. Romney says, capitalism and free markets are NOT on trial - this is just a lame attempt to deflect people from examining his record. President Obama's record is open for all to see - why should Mr. Romney's record be not be open for all to see?

      This is not about free markets but about values and the vision you have for the country.
    • .lrs3339  •  Miami, Florida  •  4 mths ago
      Romney was a venture capitalist. His function was to make money for his investors and himself. he was quite successful in that position. Bain has that function in our capitalist society. But the last thing Bain, and therefore Romney, do, is to create jobs. They rip apart companies they control in order to make them more efficient. Sometimes they even close down those companies. Romney has based his whole campaign on being a political outsider who created jobs through his business, but that is an out and out lie. People who don't realize this fact soon will, and Romney will not win. How can people looking to make ends meet vote for the guy who clearly and proudly represents the top 1%? He said yesterday that people envy the rich, the banks, and the large corporations because the everyman doesn't have the money and resources the rich have. Doesn't America work best when the wealth is shared and the middle class ideals are in the majority?
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]