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Romney answers critics with Bain ad

Posted Jan 17, 2012 by William March

Updated Jan 17, 2012 at 01:16 PM

After taking heat from his GOP primary opponents over the record of his company, Bain Capital, Mitt Romney is answering them with an ad in South Carolina and Florida contending the company helped create jobs and build businesses, not destroy them.

Critics including Newt Gingrich and Rick Perry have charged that Romney and Bain reaped huge profits during the 1990s by buying and in some cases dismantling and selling companies, laying off workers in the process.

But Romney says Bain invested in struggling businesses and helped expand and preserve most of the companies it invested in, overall creating thousands more jobs than were destroyed.

While opponents have focussed on companies that went out of business after Bain took them over, the ad highlights one of Bain’s biggest success stories, the office supply chain Staples.

You can check out the ad, titled “Bright Futures,” here.