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Deval Patrick: I Never Bought Into Obama's Attacks on Bain Capital


Added 11-14-19 06:20:02pm EST - “Deval Patrick said Thursday he never bought into the 2012 Obama campaign's demonization of Bain Capital, the private equity firm cofounded by Mitt Romney.” - Freebeacon.com

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Posted By TheNewsCommenter: From Freebeacon.com: “Deval Patrick: I Never Bought Into Obama's Attacks on Bain Capital”. Below is an excerpt from the article.

Former Massachusetts governor Deval Patrick (D.) said Thursday he never bought into the 2012 Obama campaign's demonization of Bain Capital, the private equity firm cofounded by Republican Mitt Romney.

"Yes, I [worked] at the place that was demonized in the 2012 presidential election," Patrick said, before MSNBC anchor Nicolle Wallace interrupted to say it was his party that did it.

Patrick, the newest entrant into the 2020 Democratic primary field, smiled and reminded her he was cochair of the campaign, saying, "I didn't buy into it then, and I still don't."

"There is a place for private equity in the private economy. There is a place for business in our lives, but it is also true that capitalism generally has a lot to answer for," Patrick said.

President Barack Obama repeatedly criticized Bain's business practices in 2012 to paint Romney as a heartless corporate raider. Patrick, along with then-Newark mayor Cory Booker (D.), expressed seeming discomfort with the attacks despite his alliance with Obama, calling Bain a "perfectly fine company." Patrick joined Bain in 2015 after completing two terms in office.

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