Romney offers robust defense of Bain tenure

January 16, 2012 - 10:40 PM
Republicans Debate

Republican presidential candidates, from left to right: Texas Gov. Rick Perry; former Pennsylvania Sen. Rick Santorum; former Massachusetts Gov. Mitt Romney; former House Speaker Newt Gingrich; and Rep. Ron Paul, R-Texas, pose for a photo at the start of the South Carolina Republican presidential candidate debate Monday, Jan. 16, 2012, in Myrtle Beach, S.C. (AP Photo/David Goldman)

MYRTLE BEACH, S.C. (AP) — Mitt Romney is offering a robust defense of his work at a venture capital fund.

The former Massachusetts governor was grilled about his work at Bain Capital in a nationally televised Republican presidential debate Monday.

Romney said Bain Capital did its best to grow companies and create jobs. He said venture capital is a major part of the economy, and he's proud to be part of it.

Romney said Bain's investments weren't always successful and some of its companies went bankrupt. But he said the firm had a record of building strong businesses.

Romney has come under attack by rivals including Newt Gingrich and Rick Santorum for his work at Bain. Romney acknowledged President Barack Obama would probably criticize his record at Bain if Romney becomes the GOP nominee.