2012 Election | Mitt Romney | News

BigGayDeal.com

At Bain, Mitt Romney Was No Job Creator, He Was a Corporation 'Harvester': VIDEO

Harvest_romney

More video from David Corn at Mother Jones that nails Romney on some lies, and demonstrates that you reap what you sow:

Romney has even claimed that during his tenure at Bain, "we were able to help create over 100,000 jobs." In his acceptance speech at the Republican convention, Romney smacked Obama for having "almost no experience working in a business" and tied that to the sluggish recovery.

But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors." And, the newspaper reported, Romney's 100,000-jobs claim is tough to evaluate.

Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.

Watch, AFTER THE JUMP...

Feed This post's comment feed

Comments

  1. There is so much to bury Romney with that I don't understand what this video from the era of Like A Virgin and Back To The Future tells us about him that's new. Don't we already know that Bain considers small companies mere fuel for its personal profits?

    Posted by: Gregoire | Sep 28, 2012 12:00:40 PM


  2. As someone else pointed out to me, the real take away is that while he takes "5 to 8 years" to turn a failing business around, he expects Obama to turn around the whole country in under 4.

    Posted by: TM | Sep 28, 2012 12:03:30 PM


  3. it's called capitalism

    Posted by: oousslander | Sep 28, 2012 12:05:16 PM


  4. TM: That is such a devastating point. From your mouth to the Obama campaign's ear...

    Posted by: RyanInWyo (formerly RyanInSacto) | Sep 28, 2012 12:21:00 PM


  5. As someone else pointed out to me, the real take away is that while he takes "5 to 8 years" to turn a failing business around, he expects Obama to turn around the whole country in under 4.

    BINGO! OBAMA 2012!!!!

    Posted by: Disgusted American | Sep 28, 2012 12:23:11 PM


  6. Good for Romney. He is obviously a brilliant businessman. So being a businessman is what he should stick to because it is obvious that he does NOT have what it takes to be president. Lord please let this man lose in November!

    Posted by: Luke | Sep 28, 2012 12:37:51 PM


  7. Remember - corporations are people, too!

    Posted by: Jack M | Sep 28, 2012 12:55:50 PM


  8. We all knew it. This video is just confirmation. Mitt doesn't like employees. A study was done a few years ago which showed business owners don't have the same perspective as employees and are hostile to them. This is part of a larger effort to tear down America, to make it harder for lower classes of people to move up in society and become like China where people accept long hours and little pay.

    Posted by: Billy Crytical | Sep 28, 2012 1:35:18 PM


  9. TM=Genius!

    Posted by: Steve | Sep 28, 2012 1:48:02 PM


  10. TM. Your comment is elegant in its simplicity and powerful in its statement.

    Well done. Well done.

    Posted by: gary | Sep 28, 2012 2:41:54 PM


  11. "Mitt Romney was no job creator" - this comes as no surprise from a man who can't even create cohesive statements.

    Posted by: Homer | Sep 29, 2012 4:05:22 PM


Post a comment







Trending


« «Marriage, DOMA, and Prop 8 at the Supreme Court: What to Expect« «