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Biden Jabs Romney’s Record

Official portrait of Vice President of the Uni...

Official portrait of Vice President of the United States . (Photo credit: Wikipedia)

Vice President Joe Biden brought the Obama campaign’s Bain Capital offensive to Ohio today, framing the election as a choice between economic philosophies.

Mr. Biden said there is “life and hope in the heartland” as a result of the administration’s pro-manufacturing policies, which he said would do more to build a lasting economy than the profit-at-all-cost approach of firms such as the one Mitt Romney headed.

Mr. Romney’s message this week has focused on the nation’s growing debt. Mr. Biden talked about the debts Bain Capital loaded on to the companies it took over, such as GS Steel, a Kansas City plant. When Bain bought the company, it had $13 million in debt. When it filed for bankruptcy, it was $533 million.

While workers lost jobs, health care and saw pensions dwindle, Mr. Romney and his partners “walked away with at least $12 million on compensation.”

“Romney made sure the guys on top got to play by a separate set of rules. He ran up massive debts, and the middle class lost. And folks, he thinks that experience is going to help our economy?” Mr. Biden said.

Via The L.A. Times.


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