President Barack Obama senior adviser David Axelrod criticized Cory Booker’s comments that attacks on Mitt Romney’s record at Bain Capital were nauseating.
“In this particular instance, he was just wrong. There were specific instances here that speak to an economic theory that isn’t the right theory for the country,” Axelrod told MSNBC’s Andrea Mitchell.
“I love Cory Booker,” Axelrod added. “He’s a great mayor. If my house was on fire, I’d hope he was my next door neighbor.”
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I’d enjoy knowing what the business practices of Bain Capital are, not who they support politically. Most corporations support both parties to “hedge” their bets. Does Bain Capital engage in sharp practice? Has Bain Capital shown preference or discrimination of any kind in its capital funding schemera? Do they have any internal conflicts that would be considered morally defective or unethical? If the answers are yes to any of the above then I’d have to consider Mitt Romney’s association with them questionable. Either the contributors to BuzzFeed can answer these questions or better still Barack or Mitt can provide the answers. That result would give a lot of us more satisfaction.
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Yesterday, Newark, New Jersey Mayor Cory Booker (D) attacked the Obama campaign for making an issue of Mitt Romney’s tenure at Bain Capital during an appearance on Meet the Press. While the progressive leader later backed off the criticisms, Republicans have been quick to highlight his comments as an attack against the idea that scrutiny of Mitt Romney’s record as a businessman is fair game.
A ThinkProgress examination of New Jersey campaign finance records for Booker’s first run for Mayor — back in 2002 — suggests a possible reason for his unease with attacks on Bain Capital and venture capital. They were among his earliest and most generous backers.
Contributions to his 2002 campaign from venture capitalists, investors, and big Wall Street bankers brought him more than $115,000 for his 2002 campaign. Among those contributing to his campaign were John Connaughton ($2,000), Steve Pagliuca ($2,200), Jonathan Lavine ($1,000) — all of Bain Capital. While the forms are not totally clear, it appears the campaign raised less than $800,000 total, making this a significant percentage.
He and his slate also jointly raised funds for the “Booker Team for Newark” joint committee. They received more than $450,000 for the 2002 campaign from the sector — including a pair of $15,400 contributions from Bain Capital Managing Directors Joshua Bekenstein and Mark Nunnelly. It appears that for the initial campaign and runoff, the slate raised less than $4 million — again making this a sizable chunk.
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