Obama Is ‘Attacking Capitalism,’ Romney Says

May 24, 2012 9:43am

PHILADELPHIA — Mitt Romney today said he agrees with conservative talk show host Rush Limbaugh, who says that President Obama is running a campaign against capitalism.

That “certainly sounds like what [Obama] is doing,” Romney said in an interview with “Fox and Friends” this morning.  Limbaugh said Wednesday on his radio show that he couldn’t think of “another presidential candidate in history” who has “tried to win the presidency by running against capitalism.”

Romney said, “There’s no question he’s attacking capitalism. In part I think because he doesn’t understand how the free economy works. He’s never had a job in the free economy, neither has Vice President Biden. They spent their lives as either community organizers or as members of the political class.”

“Frankly, the American people understand that the free economy and free enterprise is tough, it’s hard work,” said Romney. “And when they hear that a business like Bain Capital was successful 80 percent of the time and 5 percent of its investments only went bankrupt they say you know that’s a pretty good record and if all the president wants to do is talk about their failures, why he’s misrepresenting the nature of free enterprise.”

Romney also pointed for the first time to a statement distributed by Bain Capital in his defense against attacks on his private equity experience.

“By the way, with regards to Bain Capital, they just put a report out about their record, the Bain capital guys did, they noted they made about 350 investments since the beginning of the firm and of those investments 80 percent of them grew their revenues,” said Romney. “I’m pretty confident that the overall record of the enterprise I helped begin is one that’s pretty solid.”

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