Republican front-runner Mitt Romney, who has cast the 2012 presidential campaign as “free enterprise on trial,” finds himself in a struggle over the role of capitalism in an unlikely place: within his own party.
As Romney attempts to frame a general election contest with President Barack Obama on the economy, some of his rivals for the Republican nomination have made many of the same arguments against him that Democrats have.
Texas Governor Rick Perry accused Romney of practicing “vulture” capitalism during his days as a private equity executive. A film bankrolled by supporters of former House Speaker Newt Gingrich charges that Romney’s firm, Bain Capital LLC, eliminated jobs and turned “the misfortune of others into their own enormous financial gain.” These are complaints the Obama campaign will be ready to reinforce during the campaign.
“We’ve understood for a long time that the Obama people would come after free enterprise,” Romney told reporters aboard his campaign plane yesterday during a flight to South Carolina, site of the next primary. “Little surprised to see Newt Gingrich as the first witness for the prosecution.”
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