Clinton: Romney Did 'Good Work' at Bain

Bill becomes the latest Democrat to undermine Obama attacks
By Kevin Spak,  Newser Staff
Posted Jun 1, 2012 7:15 AM CDT

(Newser) – Et tu, Bill? That's what the Obama campaign might be thinking after the former president pulled a Cory Booker last night on CNN, telling Harvey Weinstein that Mitt Romney "had a sterling business career" at Bain Capital. "If you go in and you try to save a failing company, and you and I have friends who invest in companies … like anything else you try, you don't always succeed," Clinton said.

He acknowledged that some private equity buyers "run up the debt, loot it, sell all the assets," and fire all the workers, but implied that Romney hadn't. "I don't think that we oughta get into the position where we say this is bad work. This is good work," he said. Daily Intel thinks the key phrase was, "you and I have friends who invest," pointing out that Chelsea Clinton has worked in private equity, and that Clinton himself has dipped a toe in the private-equity waters as well. (Read more Bill Clinton stories.)

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