King of Bain: "When Mitt Romney Came To Town"

This film was apparently made by a Republican operative. Gingrich won the bidding rights to it, via a super Pac. Cracks me up that Citizens United is being used to savage Republicans by Republicans. Yippee! Silver lining on a big crap cloud. YouTube Description:

Capitalism made America great - free markets, innovation, hard work - the building blocks of the American Dream. But in the wrong hands some of those dreams can turn into nightmares. This film is about one raider and his firm and how they destroyed that dream for thousands of Americans and their families - Mitt Romney and Bain Capital.http://www.kingofbain.comhttp://www.whenmittromneycametotown.comPaid for by Winning Our Future. http://www.winningourfuture.com Not authorized by any candidate or candidate's committee.
bareboards2says...

http://www.nytimes.com/2012/01/09/us/politics/pro-gingrich-pac-plans-tv-ads-against-romney.html?_r=1&hp


Article about this whole thing....

Excerpt:

The film’s producer, Barry Bennett, a former consultant to a super PAC that supports Gov. Rick Perry of Texas, said he came up with the idea himself.

Mr. Bennett said he had bought an “opposition research book” on Mr. Romney compiled by the staff of a Republican rival during the 2008 campaign and had found its contents “stunning.”

“David Axelrod,” he said, referring to Mr. Obama’s strategist, “is going to have a heyday with this, and Republicans need to know this story before we nominate this guy.”

truth-is-the-nemesissays...

If Romney has earned this level of negative publicity then clearly 'he is the new front-runner' (Again!). every candidate thus far has suffered its consequence's, Bachmann's crazy tea-party rhetoric, possibly gay hubby & weird magazine picture & speaking off camera. Hermain Cain we'll just leave it there, 'you all know'. Newt and his staffing problems & taking donations of $1.6 million (that we know about) from Freddie Mac, Paul's Racists articles & letting people to die you aren't insured (As he must make his own choice?), and now coming full circle back to Santorums Bible thumping anti-gay fear-mongering & Romney taking exorbitant profit while CEO of Bain capital.

I never thought i'd see the day that when in a republican debate others on stage would voice any opposition to free market capitalism run a mock, quite an intriguing turn of events indeed.

Trancecoachsays...

you forgot the sarcasm button... the real job creators are the middle class (or used to be, before they got wiped out)... it's the middle class that consumes manufactured goods and it's the middle class that makes use of skilled labor and it's the middle class that requires trained services... not the (so-called) "job creators" in the 1% >> ^Drachen_Jager:

But, but... I thought billionaires were 'job creators', now you tell me they're 'corporate raiders' who only work for greed? Say it ain't so!

bareboards2says...

Factcheck.org takes on this doc in an email today:

Summary

A 28-minute political documentary released this week by a pro-Newt Gingrich super PAC presents a one-sided, often distorted and misleading view of Mitt Romney's years leading the venture capital firm Bain Capital.

Interspersed with appropriately eerie music, the video focuses on four Bain-financed companies and features heart-wrenching interviews with people who portray Romney and Bain as ruthless, quick-buck corporate raiders who reaped huge financial rewards at the expense of faithful employees.

But a closer look at the companies highlighted in the video reveals a murkier picture. The video often overstates, or outright distorts, Romney's culpability for job losses or bankruptcies.

*The film talks about layoffs at DDi Corp. and discusses questionable manipulation of stock prices after the circuit board company went public. But Romney had left Bain Capital a year before any layoffs and a public stock offering that ultimately netted Bain and Romney a big payday. The company's subsequent bankruptcy filing came two years after Bain had largely divested from the company, and was the result of the dot-com bust. Moreover, the company emerged from bankruptcy, and its current CEO credits those early Bain investments for setting the foundation for the company's current success.

*The film claims Romney was involved in the acquisition, management and demise of the now-defunct KB Toys. He wasn't. Bain bought the toy company nearly two years after Romney left Bain.

*Likewise, the closing of UniMac's plant in Marianna, Fla., occurred seven years after Romney left Bain and nearly two years after Bain sold UniMac's parent company to another private equity house.

More broadly, the video presents a myopic view of Bain Capital, cherry-picking some of the worst Bain outcomes to portray Bain in the worst possible light. Romney's record at Bain Capital also includes some success stories (see Staples and Sports Authority, to name a few) at companies that added new jobs.

longdesays...

I see some good points, but they lose alot of credibility by calling Bain a venture capital firm. It was a private equity firm. There is a huge difference between the two types of firms.>> ^bareboards2:

Factcheck.org takes on this doc in an email today:
Summary
A 28-minute political documentary released this week by a pro-Newt Gingrich super PAC presents a one-sided, often distorted and misleading view of Mitt Romney's years leading the venture capital firm Bain Capital.
Interspersed with appropriately eerie music, the video focuses on four Bain-financed companies and features heart-wrenching interviews with people who portray Romney and Bain as ruthless, quick-buck corporate raiders who reaped huge financial rewards at the expense of faithful employees.
But a closer look at the companies highlighted in the video reveals a murkier picture. The video often overstates, or outright distorts, Romney's culpability for job losses or bankruptcies.
The film talks about layoffs at DDi Corp. and discusses questionable manipulation of stock prices after the circuit board company went public. But Romney had left Bain Capital a year before any layoffs and a public stock offering that ultimately netted Bain and Romney a big payday. The company's subsequent bankruptcy filing came two years after Bain had largely divested from the company, and was the result of the dot-com bust. Moreover, the company emerged from bankruptcy, and its current CEO credits those early Bain investments for setting the foundation for the company's current success.
The film claims Romney was involved in the acquisition, management and demise of the now-defunct KB Toys. He wasn't. Bain bought the toy company nearly two years after Romney left Bain.
Likewise, the closing of UniMac's plant in Marianna, Fla., occurred seven years after Romney left Bain and nearly two years after Bain sold UniMac's parent company to another private equity house.
More broadly, the video presents a myopic view of Bain Capital, cherry-picking some of the worst Bain outcomes to portray Bain in the worst possible light. Romney's record at Bain Capital also includes some success stories (see Staples and Sports Authority, to name a few) at companies that added new jobs.

bareboards2says...

Gingrich is calling for the video to be corrected --

http://www.nytimes.com/2012/01/14/us/politics/gingrich-calls-for-withdrawal-of-ad-against-romney-and-bain.html?_r=1&nl=todaysheadlines&emc=tha23

Mr. Gingrich’s comments on Friday came after a host of news reports disputed the film’s accuracy, including The Washington Post’s Fact Checker column, which gave it the worst possible rating of “Four Pinocchios.”

The video, “King of Bain: When Mitt Romney Came to Town,” is riddled with inaccuracies, half-truths and omissions, according to a review of corporate documents and interviews with industry analysts.

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