Romney Holds Manhattan Fundraiser, Takes Criticism From Local Dems

May 23, 2012

NY1 News

Mitt Romney spent Tuesday evening fundraising in New York City at a Midtown hotel.

The likely GOP presidential nominee will earn about $15 million by the end of his tri-state fundraising tour.

While Romney was in town, backers of President Obama held a news conference to talk about Romney’s career in private equity, which the president has been attacking.

While the financial industry is key to New York’s economy, local Democrats say it can also be misused.

“Private equity is a great business that very often rescues companies, restructures them, saves jobs,” said Rep. Jerrold Nadler of Manhattan and Brooklyn. “What the campaign is saying is that private equity can also be used by people with little conscience to destroy companies, to take value out of those companies, to make profits for a few people and destroy lots of jobs. Mitt Romney as head of Bain [Capital] did that.”

Romney picked up primary wins in Kentucky and Arkansas Tuesday, putting him within 110 delegates of the threshold for nomination.

1 Comment - what are your thoughts?

  • American Taxpayer says:

    Hmmh, did we forget that the President closed the automotive dealerships that didn’t support his 2008 election? How many jobs were lost with that move?

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