Under Romney, Bain Took Loads of Government Aid

Bloomberg suggests his rhetoric doesn't match reality
By Kevin Spak,  Newser Staff
Posted Jun 7, 2012 2:34 PM CDT
Under Romney, Bain Took Loads of Government Aid
In this March 3, 2012, file photo, Mitt Romney, speaks at a campaign rally in Dayton, Ohio.   (AP Photo/Gerald Herbert, File)

(Newser) – When Mitt Romney says he favors a small government, does he mean the kind that built a Bain Capital-owned company in California a conveyor belt bridge between two of its buildings? Or the kind that helped buy new equipment for a Bain steel plant in Indiana—a plant he's featured in campaign ads? Those are just a few of the many examples Bloomberg says it's found of Bain taking government handouts, a tradition dating back to Romney's first decade as CEO.

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Much of the government help was from local governments that wanted to prevent the companies from moving; New York City, for instance, gave a Bain company tax breaks to prevent a New Jersey move. Asked about the disconnect between Romney's rhetoric and Bain's record, a Romney spokeswoman simply said that such incentives were "not at all uncommon." (Read more Mitt Romney stories.)

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