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Romney’s playbook on Bain unclear as attacks grow
Business career » Vague responses to criticism about his tenure at the firm he helped found.


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In a rare interview on Bain, Romney told a conservative radio host last week that the closure of a Florida factory under Bain’s control was not his problem. "The steel factory closed down two years after I left Bain Capital. I was no longer there. So that’s hardly something which is on my watch," he said.

The Obama campaign has pointed out, however, that Romney continued to profit from Bain’s investments years after he left.

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Romney also opened himself to new criticism by resurrecting a controversy over the number of jobs he created at Bain. In the radio interview, he jabbed the Obama campaign for failing to mention that Bain created "over 100,000 jobs." He has struggled for months to back up the jobs claim.

The former Massachusetts governor co-founded Bain in the early 1980s, but left in 1999 to run the Salt Lake City Winter Olympics and pursue a political career. He has lived off his investments and retirement package ever since.

His net worth is now as much as $250 million, which would make him among the wealthiest presidents ever elected.




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