Huffpost Politics

Mitt Romney Talking Points: A Private Equity Insider Offers Some Pointers

Posted: Updated:

One private equity industry insider expressed displeasure with Mitt Romney's explanations so far in defense of his record at Bain Capital, which has come under attack from President Barack Obama's reelection campaign.

"He is driving me insane," emailed the insider, who asked to be anonymous.

He then laid out a prescription for what he thinks Romney should be saying:

"All he has to say is he invested in companies that were poised for growth or in need of a turnaround. The vast majority were successful, but nobody bats a thousand when there is risk involved. In the process he generated significant returns for his investors who by the way are public pensions funds, university endowments, and charitable trusts. A huge benefit of that success was that he created a lot of jobs and saved companies that otherwise might have gone out of business."

The insider then explained how Romney should "pivot and attack" Obama:

"For Obama to attack that, is an assault on free enterprise and business itself. Thus, exposing the very reason why he is incapable of turning the economy around."

The Huffington Post on Wednesday explored possible reasons for why Romney was hesitant to fully embrace a debate about the merits of private equity. Perhaps he is not sure how to talk about the concept of "creative destruction," a topic he devoted six pages to in his 2010 book, describing it as a key component of "every advanced economy in the world."

"Of course," the private equity insider lamented, " when he actually does decide to talk about [the free market], he uses the phrase 'creative destruction.'"

Around the Web

Mitt Romney - Wikipedia, the free encyclopedia

Mitt Romney - The New York Times

Mitt Romney running mate search enters public audition phase

Obama Hits Romney Less in TV Ads Than Bush Pounded Kerry

Mitt Romney Admits Firing Comment Haunts Him

 
  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
Democrat won
Holdover
Republican leading
Republican won
Democrats* Republicans
Current Senate 53 47
Seats gained or lost +2 -2
New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats Republicans
Seats won 201 234
Click for Full Results
Register To Vote