May 22nd, 2012
07:54 PM ET

Fmr. Bain Capital Partner Edward Conard: Bain attack ads 'vilify all of business'

CNN's Erin Burnett talks to Edward Conard, former managing director for Bain Capital and author of "Unintended Consequences" about Pres. Obama attacks on private equity and Bain Capital.

Did Mitt Romney actually create 100-thousand jobs while at Bain Capital?


Though by and large a legitimate business venture, Mitt Romney's private equity experience does not qualify him for the White House, Vice President Joe Biden said on Tuesday, echoing criticism President Barack Obama leveled the day prior.

"Your job as president is, promote the common good," Biden said at a campaign event in Keene, New Hampshire. "That doesn't mean that private equity guys are bad guys. They are not. But that no more qualifies you to be president than being a plumber."


Filed under: Economy
soundoff (6 Responses)
  1. OnetermBama

    Obama camp just try to distract voters from Obama's own failed records. And what was Obama's achievement before 2008? How can Obama criticize Romney's records, while he himself doesn't have anything to show for?

    We the voters gave Obama a chance in 2008 for the "change" he promised, but he failed us. I don't think he can fool us again in 2012. Fool me once, shame on Obama, fool me twice, shame on ...?

    May 23, 2012 at 2:50 pm | Reply
  2. Ted

    This criticism of Romney is irrelevant on two counts: (1) Romney is no less qualified to be president than was Mr Obama, a community organizer with a razor thin resume, and (2) when business succeeds in America the common good is served, there is more wealth and jobs; everyone knows 90% of the jobs in America are created by private business. Incidentally even Osama Bin Laden pointed out the Biden is completely unprepared to be President. A windbag and an idiot of the first water.

    May 23, 2012 at 2:18 pm | Reply
    • Francis

      Both sides should discuss why there is no Nationalism in Americas Boardrooms.
      Corporations are people,There just not Americans,and they dont go to jail.
      Romney keeps his money offshore,Obama courts the corporations he needs for donations and his post presidential employment.
      We are screwed .

      May 23, 2012 at 3:09 pm | Reply
    • stonesrule

      Well said... agree completely!

      May 23, 2012 at 3:11 pm | Reply
  3. Morgan Hill

    Romney does not know how to connect with the regular American. His head has been stuck in the mentality of the rich guy, he just does not know how to relate. Let's face it, if this guy makes it to the white house he will look after his rich family and buddies, he has no intentions of doing anything for the regular American. He has made this point very clear. The simple idea that he has his money invested in the Cayman Islands and in Swiss banks tells us that he looks after himself, just like Facebook founder wants to do to avoid paying his fair share to the United States, he wants to abandon the country, GREED, GREED, GREED. They've enjoyed the comforts of a safe comfortable life in the USA for free but they don't want to pay their share for the use of the Ameican roads, bridges, lakes, beaches, etc, etc. Think about it !

    May 23, 2012 at 1:41 pm | Reply
  4. Raj

    I am so surprised to see Ms Burnett doubting Romneys Bain days and job creation even though Mr Conrad is explaining the whole process . This is why CNN losing their viewership because they are turning into MSNBC.

    May 22, 2012 at 11:17 pm | Reply

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