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Carney Defends Wall Street Fundraisers: "Those Individuals Are Not Running For President"

White House press secretary Jay Carney defends the Obama campaign taking money from Wall Street bankers because they aren't running for president. Using the same argument, Carney says Romney's experience as a business leader does not necessarily qualify him to sit in the Oval Office. Later in the briefing, ABC's Jake Tapper asks Carney why he assumes Romney would run the country like a private equity firm since Obama didn't run the country as a community organizer, which was his occupation before becoming a politician.

Question: Another question I've heard a lot about this is, you know, isn't it hypocritical for the president to attack Mitt Romney's record at Bain Capital and yet hold fundraisers and take donations from private equity?

Carney: The issue is -- those folks aren't running for president. They do not believe that their experience in their line of work wholly qualifies them to sit in the Oval Office and be Commander-in-Chief and make the kinds of decisions on the economy that a president must make.

He appreciates support from Americans from every walk of life, from every area of the economy and as you know, I'm sure, you've reported on it, the fact of the matter is the president's support as demonstrated by contributions comes demonstratively from small -- you know, people who have contributed a little bit. They're not from huge donors at all and for more details on that, I'm sure the campaign could help you fill in the blanks.

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