1 vote

Romney Video Circa 1985 - Bain to "Harvest" Companies for Profit, Not Create Jobs

This clip shows the young CEO focusing on businesses as targets for his investors, NOT as job creators or community stakeholders:

"Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit"

Mitt Romney didn't need to be brilliant or noble for Bain to succeed. The company had a fool proof system for making money that just required access to money, insider information, connections, and the ability to have no shame. If liberals attack Romney just for being rich, those attacks are misplaced. More specifically, he should be attacked for providing so little value for society, and failing to understand that the majority of Americans don't make money by simply moving millions of dollars around.

Story originally released by MotherJones: http://www.motherjones.com/politics/2012/09/1985-romney-bain...