Entries in private sector (2)


Romney Says Big Business ‘Doing Fine’ After Criticizing Obama for Similar Remarks

William Thomas Cain/Bill Pugliano/Getty Image(HOPKINS, Minn.) -- Mitt Romney Thursday night said that big businesses are “doing fine,” using similar language that the presumptive nominee has hammered President Obama for using to describe the private sector earlier this year.

“I’m going to champion small business. We’ve got to make it easier for small businesses. Big business is doing fine in many places -- they get the loans they need, they can deal with all the regulation,” said Romney, speaking to a group of supporters at a private fundraiser in Minnesota Thursday evening.

Romney then added that the reason that big businesses are “doing fine in many places” is because they are able to invest their money in “tax havens.”

“They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses,” said Romney. “But small business is getting crushed.”

While Romney often talks about the negative impact regulations have on small businesses during his campaign speeches, his remarks Thursday night sounded similar to those made by Obama in June in which he said the private sector was “doing fine.”

Romney has since used the president’s words as a frequent example on the campaign trail of Obama being out of touch with struggling Americans.

At a campaign rally in Michigan just days following Obama’s remarks Romney said that the president, “trying to explain that everything’s going swimmingly,” remarked that “the private sector is doing fine.”

Eliciting boos from the crowd, Romney added, “Yeah, I don’t hear that where I go across the country, with the 23 million people out of work or underemployed.”

Additionally, while Romney said tax havens were helping businesses succeed during his remarks Thursday, the candidate’s own personal finances have come under scrutiny after it was revealed that some of his investments were placed in offshore accounts in the Cayman Islands.

Copyright 2012 ABC News Radio


Democrats Hit Mitt Romney for Comment on Teachers, First Responders

JEWEL SAMAD/AFP/Getty Images(NEW YORK) -- Amid swirling criticism from Republicans over President Obama’s characterization of the private sector as doing “fine,” Democrats are seizing on Mitt Romney’s suggestion that the country does not need more teachers and first responders.

Speaking after Obama’s news conference on Friday, Romney assailed the president’s call for more aid to state and local governments to boost hiring.

“His answer for economic vitality…was, of course, pushing aside the private sector, which he said is doing fine.  Instead, he wants to add more to government,” Romney said at an event in Council Bluffs, Iowa.

“He says we need more firemen, more policemen, more teachers. Did he not get the message in Wisconsin? The American people did.  It’s time for us to cut back on government and help the American people.”

The Obama campaign and Democratic National Committee blasted out the comments in a series of email statements, web videos and tweets, saying that Romney was advocating the elimination of jobs for firefighters, cops and teachers.

“Not only has Mitt Romney opposed the President’s plan to create one million jobs, he is actually calling for further job loss in the sector that needs the most urgent boost,” said Obama campaign spokesman Ben LaBolt.

R.T. Ryback, vice chair of the Democratic National Committee, said “Romney’s assertion that the American people don’t benefit from firemen, policemen and teachers is so detached from reality I did a double take – I had to check twice to be sure he had actually said it.”

In a web video released Saturday, the Obama campaign juxtaposed recent newspaper headlines that highlight layoffs of state public sector workers with Obama’s call for federal aid to stem the losses. “President Obama has a plan to help,” the video says.

Over the past year, the public sector has shed 161,000 jobs – the vast majority of which were at the state and local level – according to the Labor Department. The private sector added nearly 2 million jobs during the same period.

Romney argued Friday that federal aid to states for public sector hiring is not a prescription for sustainable job creation and that expanding the ranks of government inhibits growth.

“Job creators and small businesses are not ‘doing fine.’ The middle class is not ‘doing fine,’” said Romney campaign spokeswoman Amanda Henneberg, noting that the nation’s unemployment rate stands at 8.2 percent.  “There is no denying that President Obama has been fundamentally hostile to job creators and his policies have prevented our economy from rebounding.”

Henneberg did not clarify as to whether Romney believes the ranks of teachers and first responders, or federal aid for the same, specifically needs to be reduced, as Democrats allege he does.

The attacks by both sides Friday — Republicans on Obama’s private sector remark, Democrats on Romney’s public sector comment — underscored just how much political rhetoric and the perception of insensitivity to average Americans can be exploited by the opposing sides in a rapidly escalating general election campaign.

Copyright 2012 ABC News Radio

ABC News Radio