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Corporate welfare for Bain and Romney

Mitt RomneyPension and WelfareInterior PolicyBain Capital, LLC

Rugged individualist Mitt Romney is all for the free market, unless it involves pocketing millions in government corporate welfare. Check out the impressive list from Phil Mattera of Good Jobs First of all the companies backed by Bain Capital, Romney's company, that fed at the government udder. In case after case after case, Bain was enjoying public emoluments even as it bought and sold and downsized its way through these employers. 

Says Mattera: "Yet a look at Romney’s record at Bain shows not only Gordon Gekko-like business buccaneering, but also a willingness to embrace those very government checks and assurances he is now repudiating. Companies acquired and managed by Bain during Romney’s tenure showed no hesitation in taking taxpayer handouts in the form of state and local economic development subsidies."

 

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