Read time: 1 minute

McCain On Romney's Bain Record: 'Free Enterprise System Can Be Cruel'

Former Republican presidential nominee John McCain on Sunday walked back on his 2008 attacks on current GOP hopeful Mitt Romney for his record of killing jobs as the head of Bain Capital. During a 2008 campaign stop in Florida, McCain had
8 years ago by David
Views:

Former Republican presidential nominee John McCain on Sunday walked back on his 2008 attacks on current GOP hopeful Mitt Romney for his record of killing jobs as the head of Bain Capital.

During a 2008 campaign stop in Florida, McCain had blasted Romney for taking over companies and laying off "thousands of workers."

"I think he managed companies and he bought and he sold and sometimes people lost their jobs," the Arizona senator explained at a January 2008 debate.

On Sunday, Fox News host Chris Wallace asked McCain, who is now campaigning for Romney, if he was engaging in the same kind of "class warfare" that he has accused President Barack Obama of for attacking Romney's Bain record.

"This is the free enterprise system," McCain insisted. "The only place in the world that I can recall where companies never failed was the old Soviet Union. This is what investors do in the free enterprise and capitalism system."

"And, yes, the free enterprise system can be cruel," he added. "But the problem with this administration is that small businesses have been the ones that have suffered the most, the kind that need investors, the kind that don't need the hundreds of pages, the thousands of pages of regulations that continue to plague them and have them continue to hold back on hiring and investment."

Have you subscribed yet?

Banish those ads for good with a subscription to the site. For $1 for the first month and $4.99 after that, we'll pull all the ads off (except those from 3rd party apps) so you can enjoy the site without all the annoying popups and autoplay ads.

If you've already subscribed, consider a one-time or donation of whatever amount you can spare. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.