Portman Defending Romney Calls Job Losses ‘Capitalism’
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Ohio Senator Rob Portman downplayed the political impact of job cuts linked to Mitt Romney’s former private-equity firm and a $2 billion trading loss at JPMorgan Chase & Co., calling them examples of “capitalism” that shouldn’t affect the election or financial regulation.
Portman, a potential running mate for Romney, the presumptive Republican nominee, also sought to deflect questions about his prospects for joining the party’s ticket, calling himself “better suited” to stay in the Senate.