President Barack Obama‘s re-election campaign has been on a mission to vilify Bain Capital, the venture capital firm co-founded by Mitt Romney.
But before Romney was the Republican nominee for president, first lady Michelle Obama praised a child care company Bain Capital helped get off the ground.
In 2011, the first lady said she was “excited” about the role of Bright Horizons, a corporate day care company founded in the 1980s backed by Bain Capital, in her “Let’s Move! Child Care” campaign, according to a video reviewed by The Daily Caller.
“The Partnership for a Healthier America is working with private providers like Bright Horizons,” the first lady said at a June 2011 “Let’s Move!” child care announcement.
“That’s the nation’s second largest private child care provider, and they’re going to implement this checklist at nearly 600 child care centers across the country,” she said. “So we already have commitments that are going to affect hundreds of thousands of children today.”
Michelle Obama added: “Again, that’s why we’re excited to be able to launch this.”
The Boston Globe recently reported that Bright Horizons was founded in a “Cambridge kitchen” and was financially backed by “Bain Capital, then led by Mitt Romney.”
This can't be true????? Capitalism doesn't work unless the government bogs it down with miles of paperwork and union jobs. Venture Capitalists, BAD.