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Obama To Keep Campaign Donations From Bain Capital Executives

Obama To Keep Campaign Donations From Bain Capital Executives

President Barack Obama has recently attacked Mitt Romney for his ties to Bain Capital, the private equity firm founded by his presumptive rival in November's general election. However Obama's campaign press secretary, Ben LaBolt, says the President has no intention of returning the $7,500 in donations he has received from Bain Capital employees.

"No one aside from Mitt Romney is running for president highlighting their tenure as a corporate buyout specialist as one of job creation, when in fact, his goal was profit maximization," said Mr. LaBolt to Politicker. "The President has support from business leaders across industries who have seen him pull the economy back from the brink of another depression, manufacturing and the auto industry revived, and support his agenda to build an economy that lasts where America outinnovates and outeducates the rest of the world and economic security for the middle class is restored."

The President has targeted Bain Capital by accusing them of profiting on failed companies that let go of employees. Obama took a shot a Romney earlier in the week when he told reporters that making money as the leader of a firm that takes over other companies, dismantles them or lays off workers, is different than creating jobs.

Opensecrets.org data, a group that uses data from the Federal Election Commission to report candidate fundraising, reports that Obama has received more than $152,000 from Bain capital employees. Three employees alone at Bain Capital have given a total of $96,400 to a joint committee on fundraising operated by the Obama campaign and the Democratic National Committee.

The donations for the President's campaign from Bain Capital still pale in comparison to Romney's total donations received from Bain Capital and Bain & Company which has reached upwards of $2.5 million, given to either the Super PAC called Restore Our Future or Romney's Campaign.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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