Republican presidential candidate Mitt Romney said his record at Bain Capital, which included buying and later closing down a photo album plant in Gaffney, is the same as President Barack Obama’s record in bailing out the auto industry.

“What the president has done overseeing GM and Chrysler has been reminiscent of what people in the private equity industry do. To try and save the business, you have to cut back to a core that matches the revenue of the business,” Romney said Saturday in an interview with the editorial board of the State in Columbia, S.C. “And so, the president has shuttered factories, closed down dealerships and thousands and thousands of people lost their jobs.