This week, a super PAC backing GOP presidential candidate Mitt Romney made a huge ad buy in Iowa to run commercials proclaiming that Romney “helped create thousands of jobs” as the CEO of Bain Capital. Romney has touted his experience at the private equity investment firm, claiming it gave him the necessary experience to create jobs as president.
However, the firm was responsible for laying off at least 1,700 workers at companies it owned. When FactCheck.org tried to square the ad’s claim with the reality of Bain’s layoffs, the super PAC refused to say where the statement came from, saying, “We aren’t supplying that information”:
We contacted a spokeswoman for Restore Our Future, Brittany Gross, and asked for backup for the claim that Bain created a net of thousands of jobs while Romney was employed there, as the ad claims. Gross emailed back: “We aren’t supplying that information.”
Since Romney himself has claimed “in those 100 businesses we invested in, tens of thousands of jobs, net-net, were created,” we also reached out to the Romney campaign for backup. But we did not get a response.
As the Los Angeles Times reported, while Bain expanded some companies, “Romney and his team also maximized returns by firing workers, seeking government subsidies, and flipping companies quickly for large profits.” It’s also worth noting that at the time he was governor, Massachusetts was 47th out of 50 in job creation.