The rich are job creators myth: In 1980s Romney Video From His Bain Days, Profits, Not Jobs, Were Focus
Vulture capitalism as explained by Mitt Romney:
http://www.npr.org/blogs/itsallpolitics/2012/09/27/161912512/in-1980s-romney-video-from-his-bain-days-profits-not-jobs-were-focus
by S.V. DÁTE
From the magazine that brought you the infamous, secretly recorded “47 percent” video comes a new one about Republican candidate Mitt Romney — this one offering a very different objective for Bain Capital than the one he brags about on the campaign trail.
In stump speeches, Romney explains that he can fix the U.S. economy because of his experience at the company he founded, Bain Capital, investing in companies to create jobs. In a video made for a company function unearthed by Mother Jones magazine, Romney comes off sounding less altruistic.
05:59 pm
September 27, 2012
by S.V. DÁTE
From the magazine that brought you the infamous, secretly recorded “47 percent” video comes a new one about Republican candidate Mitt Romney — this one offering a very different objective for Bain Capital than the one he brags about on the campaign trail.
In stump speeches, Romney explains that he can fix the U.S. economy because of his experience at the company he founded, Bain Capital, investing in companies to create jobs. In a video made for a company function unearthed by Mother Jones magazine, Romney comes off sounding less altruistic.
In the 1985 clip, a much younger Romney says:
“Bain Capital is an investment partnership which was formed to invest in startups 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.”
——>Continued
