Obama talks Bain, the raw version

Updated

The NBC station in Norfolk, Virginia posted the unedited version of their recent interview with President Obama. The president told reporter Andy Fox he won’t apologize for calling rival Mitt Romney an outsourcer and explained why Bain matters. Good Q&A, here’s one of the highlights:

Q: Your campaign has criticized Romney and Bain Capital outsourcing jobs, which increases unemployment. You have been criticizing him for that, but he says that did not happen on his watch at Bain and he’s asked for you to apologize. Will you apologize and if not, why not?

President Obama: ”Because the issue here… is… (Andy: “So you won’t be apologizing?”) No, we won’t be apologizing and you know, sometimes these games are played during political campaigns. Understand what the issue is here. Mr. Romney claims he is Mr. Fix It for the economy because of his business experience, and so I think voters entirely legitimately want to know well what exactly was that business experience?

And as the head of a private equity firm, his job was to maximize profits, help wealthy investors. There’s nothing wrong with that. On the other hand, that company also was investing in companies the Washington Post called pioneers of outsourcing. And he’s now claiming ‘well I wasn’t there at the time,’ except he files an SEC listing that says he was the CEO, Chairman and President of the company. So, as President of the United States, one of the things I’ve learned, and we just talked about was anything that happens on my watch is my responsibility. That’s what people expect. Harry Truman said the buck stops with me and I think understandably people are going to be interested in, you know, are you responsible for this company that you say is one of your primary calling cards for wanting to be president.”

Mitt Romney, Virginia and Barack Obama

Obama talks Bain, the raw version

Updated