youtube: Mitt Romney. Was he a job creator or a corporate raider?
That's the question this film answers.
And it's not pretty.
Mitt Romney was not a capitalist during his reign at Bain. He was a predatory corporate raider. His firm didn't seek to create value. Instead, like a scavenger, Romney looked for businesses he could pick apart. Indeed, he represented the worst possible kind of predator, operating within the law but well outside the bounds of what most real capitalists consider ethical.
He is exhibit number one the left wants to use in the coming election to give capitalism a bad name.
He and his friends at Bain were bad guys. Any real capitalists should disavow Romney's 'creative destruction' model that made him wealthy at the expense of thousands of American jobs.
Mitt Romney and his cronies pioneered 'deindustrialization,' a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees while doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains - including pension funds - before the companies went bankrupt.
Some might call that the free market. Most of us think its just plain wrong.
If you wonder why America has lost so many manufacturing jobs overseas, look no further than Mitt Romney -- the King of Bain.
Think you know Mitt?
Think again...
2 Comments
moodoniaSome more info:
http://www.rawstory.com/rs/2012/01/12/watch-when-mitt-romney-came-to-town/
“When Mitt Romney Came to Town,” a film about Republican presidential candidate Mitt Romney’s time as CEO of Bain Capital, is without a doubt the most serious attack on the former Massachusetts governor’s campaign.
Produced by a former top Romney strategist, the film focuses on people turned out of their jobs at four of the many companies Bain Capital essentially looted, tapping into the popular discontentment with Wall Street to label Romney a “corporate raider.”
The companies — laundry equipment maker UniMac, electronics maker DDI, toy store chain KayBee Toys and office supplier AmPad — were all purchased by Bain and liquidated, “killing jobs for big financial rewards,” the film explains.
“They could care less about us, the way I see it,” one of the film’s subjects explains. “Who am I? Mitt Romney and them guys, they don’t care about who I am.”
The pro-Gingrich PAC Winning Our Future placed a top-dollar bid on the 27-minute film after pro-Romney PACs essentially destroyed Gingrich’s chances in Iowa with a flood of negative advertising that blanketed the airwaves.
“It’s puzzling to see Speaker Gingrich and his supporters continue their attacks on free enterprise,” the Romney campaign said of the Gingrich PAC’s new film. “This is the type of criticism we’ve come to expect from President Obama and his left-wing allies at Moveon.org. Unlike President Obama and Speaker Gingrich, Mitt Romney spent his career in business and knows what it will take to turn around our nation’s bad economy.”
The film comes at just the right time for Gingrich, too: a poll published Wednesday (PDF) found the former House Speaker trailing the former governor in the crucial South Carolina primary by just two percent.
But whether it will be enough to help President Barack Obama in the general election remains to be seen.
This video was published to YouTube on Jan. 11, 2012.
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