Biden to take aim at Bain
May 16th, 2012
09:30 AM ET

Biden to take aim at Bain

(CNN) – The Barack Obama campaign is dispatching Vice President Joe Biden to eastern Ohio Wednesday to push the president's economic record and take direct aim at presumptive Republican presidential nominee Mitt Romney's history as a venture capitalist.

In a speech at M7 Technologies, an advanced manufacturing plant in Youngstown, Ohio, Biden will add new emphasis to the attack on Romney's tenure at Bain Capital that the Obama campaign has waged all week.

"In the 1990s, there was a steel mill in Kansas City, Missouri," Biden will say, according to advanced remarks of the speech distributed by the Obama campaign. "It had been in business since 1888. Then Romney and his partners bought the company. Eight years later it went bankrupt

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soundoff (40 Responses)
  1. John

    During the 2012 campaign, the securities and investment industry has donated nearly $10 million to the DNC, or about 10 percent of the total it has raised, and only about $4.5 million to the Republican National Committee.

    May 16, 2012 at 10:57 am |
    • John

      President Obama last night spent time at the Park Avenue apartment of Blackstone Group (BX) president Tony James, to press the Wall Street flesh and collect $35,800 per plate.
      Can ANY LIB tall us why Dimon is no good, but Tony James is? Even you lib supportes of this administration have to see the hypocrisy in this...
      The hit list now includes Romney supporters, Joe Appaio, JP Morgan, Anti-Obama care states, anti-Obama immigration states, and many more I am sure. I assume these cases are costing us millions thanks to the biggest political hack this country has ever seen, Holder.
      But wait – here is the big one, Uncle Omar, Obama's illegal uncle, actually got his license back. This was after he was arrested for drunk driving. Somehow this illegal has a SS Card. He lives in MA. You may think this is unusual, but not so much. Obama's aunt Zatuny, who was also living in this country illegally, collecting "entitlements", including free rent, is now legal.

      May 16, 2012 at 2:05 pm |
      • jerry

        with obama had a fake draft card and some believe he used a fake SS # also...and the birth cert and and and

        May 17, 2012 at 10:16 am |
      • 1FreeWorld

        Here is a scene where Biteme is a little bit happier!

        You Go Joe,,,

        We all Love you Biteme!


        May 17, 2012 at 8:46 pm |
    • 1FreeWorld

      I am thinking that is a Black Bear there in the picture.


      a picture by the ANTI-FREE SPEECH Lady,,, Lesa Jensens

      Obummer said....

      Dog is Tough, Snakes are Tougher,

      Black Bears are protected by the EPA,,,,

      I have heard that BO (the dog) has filed a Quit Stalking Me,,,
      Quit Licking your Lips,,,
      Civil Case,,,
      Stand your Ground,,,
      Keep you away from me for at least 300 feet,,,
      and leave your Kerry Ketchup and Pelosie Tuna away from me!

      California is paying a HIGH Price,,, for the Delta Smelt!

      Feed your kids?

      Nope? I mean NOPE,

      Pray for Hope LOL

      Delta Smelt STARVES Californians?


      May 16, 2012 at 10:18 pm |
  2. judy

    joe is a good guy who people on the east coast like. He is one of them and is an asset to the Obama Campaign. Even when he goofs it is just honest Joe and when he takes a jab at baine it is because it is true. Hes been around long enough to know a lot about the way the senate and congress runs. He also knows the players. Go get them Joe Bain is a problem for romney let everyone know what a vulture he really is.

    May 16, 2012 at 11:03 am |
    • John

      "joe is a good guy who people on the east coast like. Hes been around long enough to know a lot about the way the senate and congress runs. He also knows the players."
      If this is the standard to be 2nd in command we are in trouble.
      BTW, you do know Romney left Bain years before they are talking about on Obama's commercial. Does that matter to you? The fact that Obama put these people out there talking bad about Bain and making it appear like Romney was still working there is typical from this administration.


      May 16, 2012 at 11:23 am |
      • jean2009

        Joe Biden is a good guy, smart, brutally honest, decent, obviously he has not been purchased by anyone, a great VP and would make an excellent President.
        I'm sure he can take it to "Greed is good."- Gordon "Mittens" Gecko.

        May 16, 2012 at 7:15 pm |
      • 1FreeWorld

        Joe is NOT a good guy.

        Nobody likes Joe on the East Coast.

        The only folks that like Joe,,,, are,,,,

        Wait, wait, wait,,,,

        No One LIKES JOE ,,,, except for New Yorkers, and illegals,,,,

        They like everybody!

        Especially all the folks that LOVE the TRAINS from Deleware, New Jersey, Pennsylvanina, Connecticut, and California.

        All the others,,,
        the ones that like Freedom,,,

        Want nothing to do with Joe Biteme!

        Just ask the Military Folks when they come to NY!!!!

        May 16, 2012 at 11:18 pm |
      • John

        Jean, is there anyone with a "D" you don't like? Anyone with a "R" you like? Just wondering.

        I am surprised we haven't seen anything lately on Zimmerman since we found out his nose was broken and there were bruses on Martin's knuckles...

        May 17, 2012 at 8:45 am |
      • Pete

        @john,Romney was legally CEO of Bain well after 2001,check your facts...And Bain alone didn't resurrect all these corporations alone,also check your facts,not Staples,Sports Authority,not of them,do some reading,there's more players involved than Romneys letting on,he's trying to get all the credit,he's wrong!!Typical republican spin on things,that's all...

        May 17, 2012 at 4:19 pm |
      • jean2009

        @John act as if Zimmerman's doctor has already been cross examined...isn't that cherry picking only what you want to believe? The report also states that Zimmerman was taking Adderall and Temazepam while out with a loaded gun on a Neighborhood Watch detail, when it is a known fact that neighborhood watch groups prohibit those on duty from carrying guns.

        May 17, 2012 at 5:13 pm |
  3. ReaiityBites

    A successful businessman vs a failed community leader.
    The choice is crystal clear..

    May 16, 2012 at 11:04 am |
  4. SniffThis

    The media overlooks most of Biden’s misstatements. No articles on Monday morning reported on his gaffes. No breathless network news anchors tagging him for his misstatements. So far, not one single White House reporter is on record badgering the White House to defend Mr. Biden’s statements.

    Maybe the press treats Mr. Biden so because he is such a serial gaffe generator that holding him to account would tax their abilities. Or maybe they excuse him because he’s “just good old Joe” not to be held to the same high standard as a republican. But to let such a stellar display of misstatements and fabrications go by without comment speaks volumes about Joe and our collaberating nerws networks.

    May 16, 2012 at 11:17 am |
    • demwit

      BEST VP EVER!!

      May 16, 2012 at 2:00 pm |
      • John

        So you would be comfortable with him as president?

        May 16, 2012 at 2:39 pm |
      • jean2009

        I wouldn't be comfortable with Mitt.

        May 16, 2012 at 7:18 pm |
      • 1FreeWorld

        Might be time to Imp-each the fellow,,,

        Anybody here want an Impe-achment?

        Bo the Dog is wanting an Immediate Impeachment,,,
        so are all the other folks that want the Free Market system!

        Anybody here believe in the Con-stitution?

        Constitution-alist will Imp-each the Mar-xi-st!

        I just heard somebody say Our President,,,,,

        Our President needs to Protect the Con-stit-ution....

        Crickets Chirping


        Crickets Chirping,,,,

        Ok,,, Im-pe-ach the young wh-ite Ke-ny-en!

        May 16, 2012 at 10:43 pm |
      • Sponge-Bob

        You're only supposed to drink kool-aid by the glass not the barrel.

        May 16, 2012 at 4:51 pm |
  5. Ray E. (Georgia)

    It is amazing. Instead of Joe talking about Obama's sucesses he talks about Romney's Failures??? Obama wants to spread the Wealth. But Obama's Policies are killing jobs and sucess. Talk about the Goose that laid the Golden Egg. Obama is a disaster.

    May 16, 2012 at 11:37 am |
    • John

      Today the Justice Dept announced they are opening an investigation on JP Morgan Chase. I am sure it had nothing to do with Dimon speaking up against Dodd Frank, which BTW, did not fix this problem. We also hear today that the "green initiative" is approaching 100 billion dollars. Maybe the justice dept shoud investigate the green initiative and see how much of OUR MONEY has been trashed by this administration. We know about Solindra and several others. How about Fast and Furious? No investigation there???
      Holder is the biggest political hack this country has ever seen – and that is really saying something.

      May 16, 2012 at 1:23 pm |
      • jerry

        JPs asset base is over $350 billion...$2 billion is nothing. This is just a normal investment strategy gone wrong...will not effect their bottom line one little bit.

        May 16, 2012 at 5:01 pm |
      • Pete

        @John,get your facts straight,FAST AND FURIOUS was initially started by Bush and as usual Pres.Obama is getting held responsible for your republican presidents mistakes.Also yes Solandra cost us some money,how bout the trillions that Bush cost us with his Iraq war,any come backs!Pres.Obama also just recently put new tariffs on solar panels being imported because of their under pricing efforts in China,constantly changing their currency rates,right!!!!How also can you stem the tide monitarily speaking when your republicans say "no" to everything being fiscally "conservatives",when passing a military increase from the tax payer.Can you say CONSERVATIVE in a sentence,like I gave away money to someone that'll never pay me back,isn't that conservative.Why don't you look up these facts how your republican idol Romney took a bailout of 10 million dollars,while at Bain,not from TARP,but from Bush and FDIC ,Bain hasn't paid any of it back,nice presidencial material,right!!And if I know,ya know the incumbent surely does too.Have a nice day guys,reading dirt on Romney is fun and easy!!

        May 19, 2012 at 3:03 pm |
  6. J.D.

    Congratulations to Vice President Biden for bringing attention to the recent Bain Capital advertisement on GSI industries and Romney-style, you're own your own, I won the lottery of life and the rest of you just have to work harder-style-capitalism.

    The point of this important advertisement is not the particulars of GSI industries. Come November, nobody is going to remember the particulars of GSI industries, although my heart goes out to the poor workers who were laid off by the company of the man of a thousand flip-flops. The point of this advertisement is to make sure the American people are aware of these facts: (1) the goal of Bain Capital was never to create jobs, it was to make as much money as possible, with no concern for the workers that had to be stepped on to accomplish that goal; (2) Bain Capital very often loaded companies up with debt, which actually made it harder for them to succeed, but easier for Bain Capital executives to find places to withdraw management fees for themselves and which is especially interesting at a time when Romney is criticizing Obama for bankrupting the country, and (3) Bain Capital executives took out management fees even when they FAILED to turn the company around.

    So, when the man of a thousand flip-flops tries to fool the American people with the help of Wall Street financed Super Pac attacked ads by talking in vague generalities about his time in the private sector as a "conservative businessman," the American people won't be remembering, don't need to be remembering and should not be remembering the particulars of GSI industries, but for the sake of this country, I truly hope they remember that "conservative businessman" is Romney-speak for loading companies up with debt, taking out management fees despite failure and maximizing profits without concern for average Americans.

    May 16, 2012 at 12:46 pm |
    • John

      Your liberal friends just made you look like an idiot. The commercial you refer to was inaccurate. Romney left Bain before Bain was involved with the plant they talk about on the commercial.
      It actually would not surprise me if this administration knew Romney wasn't @ Bain at the time and ran the commercial anyway. They knew libs and people like you would simply take the commercial as the truth. It is typical from this administration.

      May 17, 2012 at 8:50 am |
  7. Kool-Aid Police

    "Biden to take aim at Bain", what a laugh, Crazy Joe couldn't hit the broadside of a barn with a bazooka. Only the faithful left will buy any of this.

    May 16, 2012 at 1:38 pm |
    • John

      More than just the left. Heck, after the Newsweek headline I would bet that 50% of Americans actually think Obama is the first gay president.
      Back in the 60's the navy department was getting constant calls from people about people stranded on an island. You guessed it – Gilligan. You can definitely fool some of the people all of the time...

      May 16, 2012 at 1:49 pm |
  8. jerry

    In 2008 Bidens net worth was minus about a hundred K... and he is going to take aim at who? This guy is a total moron who was made VP to make the Pres look better... I guess...for the life of me I can't understand any other reason...cant imagine him (biden) taking over the presidency... We need adult leadership...soon.

    May 16, 2012 at 4:58 pm |
  9. Matt

    If we have to look at this country four years ago today can you remember? I think I recall banks and big business closing their doors and filing for bankruptcy. I also remember president George W. Bush not caring about the leader of terrorism and the republicans telling the Americans it's best if your automotive companies close and banks close and restructure. When are you morons going to wake up. Now the only candidate that the republicans can stand behind restructures, eliminates,and closes businesses. He passed mandatory health care in Massachusetts and apposed the same plan the President tried to pass. Anyone in their right mind should be able to see problems with this guy now. If you vote for Romney your voting for liquidation of America. Anyone can give up close the door when things look bad as liquidators tend to do. It takes more work to save a failing economy than Mittens Romney has to offer. We can change as long as you know that there is an American that cares. Stand up America because I think I know you care. Romney's restructuring would never have worked on a national wide scale, it would have cascaded into worldwide depression. Look at the many small businesses that work for one large company. Four years ago when banks were closing how many small businesses would have been able to stay open if that big company had to Restructure. It would have never worked any economic experience person could tell you honestly the whole world would have collapsed. Look back at the great depression and see how it affected the entire world. Think its bad now vote for Romney you will see how bad it will gets.

    May 16, 2012 at 5:43 pm |
    • John

      Mitt had a real job. Obama was a community organizer.
      Banks are still in trouble. We are about to get into another budget battel because all the dems and Obama know is tax and spend. We have lost BILLIONS by this administration picking "winners" and Franny and Freddy are worse now. Also, Obamacare is about to be voted down leaving us a mess with our healthcare system, not to mention the thousands of IRS agent that were already hired that will need to be delt with. People do care about America. That is why Obama needs to go and Romney needs to get in. We need to stop the insanity.

      May 17, 2012 at 9:50 am |
      • Pete

        @john,Bush left us in debt 6.5 trillion,Pres.Obama has spent about 4trillion righting the ship,the same ship that Bush sunk,remember.The health care bill,ACA,is why the health insurance business is in trouble,ya know why their days as legitimate thieves are over,there'll be guide lines and people won't be stuck with policies that don't work for them and costing more than they can afford.Bush didn't do anything but screw this country up and the new sheriff in town,Pres.Obama was sent in to clean up,once again a republicans mess.Republicans want tax breaks,what about the breaks that moron gave ya for 8 years,did ya save any of it,I bet not..We have to pay on the monumental debt Bush got us into,that's why the incumbents been fighting with your hypocritical reps on Capital Hill,to recoup some that money Bush gave away for both terms,all 6.5 trillion of it.Remember two unfunded wars,Medicare Part D,tax breaks especially the 1% ers.You republicans think money grows on trees,Boehner and his fake store bought tan thinks so.Ya,he'll be gone in November,so will a lot of your republican hypocrites on Capital Hill,just wait,I can hear ole Boehner cryin,why me,why me,I did a good job,didn't I!!!

        May 17, 2012 at 4:46 pm |
  10. California Conservative

    FACT: Biden makes Palin look like Einstein.

    May 16, 2012 at 6:21 pm |
    • DEcember 2012


      May 17, 2012 at 7:09 pm |
      • 1FreeWorld

        Fact: Opinions are Opinions.

        Fact: Obama tells Lies.

        Fact: Liberals will say anything to try to get the upper-hand,,,
        even if what they say,
        and usually what they do say are those things that,
        are Lies and Un-Truths and are usually Twisted.

        Fact: DEcember2012 is a Limp Noodle according to many folks.

        Fact,,, err,,, Prediction: Holder and Obama will share a Prison soon with Bloggo!

        May 17, 2012 at 7:36 pm |
      • 1FreeWorld

        Can we Tax the Movie Actors and Actresses at about the 75% Level as they do in France?

        Can we Tax the High-Level Federal Workers making Huge Bonuses at the Rate the Liberals want to Tax the High-Level Wall Street Workers?

        We can Tax the High-Level Federal Workers at 100% for their Bonuses!

        We can Tax the Movie Actors and Actresses at the New Higher Price on ALL Income over $250,000.

        Now that's the Ticket!

        Liberals are right about .5% of the time, but in taxing the Actors and Actresses,,,
        they are Right-On, Right-On, RIGHT-ON!

        Tax those Anti-Free Market, Disney-n-GE-like, Folks and get them back in line with Freedom and Property Rights!

        May 17, 2012 at 9:47 pm |
      • Pete

        @1FreeWorld,do us a favor,go back to that bunker in the hills somewhere and keep your racist and extremist views to yourself,you sound sicker mentally everytime I read your posts,get help,you and your republican friends really need it.And I hope its covered under your health insurance,good luck,all of ya!!

        May 19, 2012 at 4:08 pm |
  11. California Conservative

    Biden, a Republicans best friend.

    May 16, 2012 at 6:29 pm |
  12. John

    If Joe were exactly the same and had a "R" instead of a "D" these people who "love" him would hate him.

    May 17, 2012 at 8:52 am |
    • jean2009

      But for Joe to have and R instead of a D he would have to sell his soul to Norquist. Which means Joe would never be exactly the same. Therein is the problem John. You don't seem to understand that we know what we stand for and what we believe.

      May 17, 2012 at 5:43 pm |
      • Pete

        @jean,your right,if republicans do anything wrong their handler Norquist yanks on their choker chain around their necks,shut up boys,that'll shut em up for awhile he says.I'm I right,facts hurt don't they boys!!!

        May 19, 2012 at 4:14 pm |