Senate Passes Bipartisan Budget Deal Rolling Back $63 Billion in Cuts
Axelrod Questions Romney’s Job Creation Claims
Romney, former chief executive of Bain Capital LLC, has said that companies the private equity firm helped start or manage have created more than 100,000 net jobs.
“He can’t back up that number,” Axelrod said today on the ABC news program “This Week With George Stephanopoulos.” “Neither he nor his campaign can furnish any evidence to support that.”
Romney, a former Massachusetts governor who helped found Bain, won the Iowa caucuses on Jan. 3 and is the favorite to win the New Hampshire Republican primary on Jan. 10. Romney has claimed his business experience sets him apart from other candidates and may help him create more jobs. The U.S. unemployment rate for December was 8.5 percent, the Labor Department reported Jan. 6.
During Romney’s tenure at Bain, the firm closed stores and took companies to bankruptcy in an effort to create wealth, according to Axelrod.
“He’s not a job creator. He’s a corporate raider,” Axelrod said of Romney.
Republicans are making job creation a top issue in the U.S. presidential race, and they attacked Obama during a debate last night for not doing more to boost economic growth and reduce unemployment.
“We have to get people back to work, but we also have to make sure that work pays,” Axelrod said. “That’s a big distinction between us and Governor Romney.”
“I’m not sure Mitt Romney would have made that decision,” Axelrod said.
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