Romney's Glorious Defense of Capitalism: 'We're Gonna Stuff it Down Obama's Throat'

KING:  So -- so let's go -- let's go back.  I'm glad you had that opportunity.  I do want to go back, see if we can clear this up. 

Now, the questions about Bain, many have been about the number.  You have said 120,000 jobs that you can tie back to decisions you made at Bain Capital.  I want you to take your time, sir, and do the math.  Do the math and how you get to 100,000 or 120,000 jobs?

ROMNEY:  I'll do the math, but let me tell you, I know we're going to get attacked from the left, from Barack Obama, on capitalism.  I know that people are going to say, oh, you should only practice it this way or that way and think they know better than the private market. 

My view is capitalism works.  Free enterprise works.  And I...

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... and I find it -- I find it, kind of, strange, on a stage like this with Republicans, having to describe how private equity and venture capital work and how they're successful and how they create jobs. 

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But let me tell you the answer.  We started a number of businesses.  Four in particular created 120,000 jobs as of today.  We started them years ago.  They've grown well beyond the time I was there, to 120,000 people that have employed by those enterprises. 

There are others we've been with, some of which have lost jobs.  People have evaluated that since -- well, since I ran four years ago, when I ran for governor.  And those that have been documented to lost jobs lost about 10,000 jobs. 

So 120,000 less 10,000 means that we created something over 100,000 jobs.  And there's some, by the way, that were businesses we acquired that grew and became more successful like Domino's Pizza and a company called Duane Reade and others. 

I'm very proud of the fact that throughout my career, I have worked to try and build enterprises, hopefully to return money to investors.  There's nothing wrong with profit, by the way.  That profit --

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ROMNEY:  That profit went to pension funds, to charities.  It went to a wide array of institutions.  A lot of people benefited from that.  And by the way, as enterprises become more profitable, they can hire more people. 

I'm someone who believes in free enterprise.  I think Adam Smith was right.  And I'm going to stand and defend capitalism across this country, throughout this campaign.  I know we're going to get hit hard from President Obama, but we're going to stuff it down his throat and point out it is capitalism and freedom that makes America strong. 

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