Media Blog

Carney Tongue-Tied on Difference Between Bain and ‘Green Loans’

Another Carney classic: Watch as the press secretary tries and fails to explain why taxpayer-funded bungles like Solyndra are somehow more defensible than Bain Capital’s private-sector investments:

If you had trouble following that, Jim Treacher has the transcript:

Reporter: Last thing. If that’s the argument, how is that different from Romney’s argument on Bain Capital, which is that many succeeded and a few failed?

Carney: Look, there, there, there is the . . . the difference in that . . . your overall view of what your responsibilities are as president, and what your view of the economic future is. And, and the president believes, as he’s made clear, that a president’s responsibility is not just to, uh . . . those who win, but those who, for an example, in a company where there have been layoffs or a company that has gone bankrupt, that, you know, we have to make sure that those folks have the means to find other employment, that they have the ability to train for other kinds of work, and that’s part of the overall responsibility the president has.

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