No, Obama won't be returning his donations from Bain Capital

Though the Obama campaign has repeatedly attacked Mitt Romney for his career at Bain Capital, President Obama still accepted $7,500 in campaign contributions from three Bain executives. His campaign press secretary, Ben LaBolt told The Politicker the president has no intention of giving the money back. …

Earlier in the week, President Obama described Bain and other private equity firms as a “healthy part of the free market” filled with many ”folks who do good work.” However, he also said the priority of private equity companies is to “maximize profits,” which is “not always going to be good for businesses or communities or workers.” Because of this, he said Mr. Romney’s work at Bain Capital isn’t good preparation for the presidency.

“If your main argument for how to grow the economy is, ‘I knew how to make a lot of money for investors,’ then you are missing what this job is about,” President Obama said. “It doesn’t mean you weren’t good at private equity. But that’s not what my job is as president. My job is to take into account everybody, not just some.”

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