Posted on 01/08/2012 7:45:04 AM PST by katiedidit1
Supporters of Newt Gingrich have bought the rights to a new short movie that is very critical of Mitt Romney’s tenure as head of Bain Capital.
Romney’s business career made him a very wealthy man, but has come under some criticism because Bain bought some companies and put them out of business.
The movie, called “King of Bain, When Mitt Romney Came to Town,” has not been distributed, but has been viewed by ABC News. It was made by former Romney supporters and intersperses interviews with some workers who blame Romney’s company for losing their jobs with ominous music. At one point it focuses on K.B. Toys, which made money for Bain even as it closed stores.
(Excerpt) Read more at abcnews.go.com ...
Too bad! Romney does NOT nor is he entitled to a free pass. Many that worked with Bain and had connections with Romney do not share your sentiments. He should be vetted just as Cain, Santorum, Bachmann and Newt have been. If you don’t like my anti ROMOBAMA posts ..dont read them
This is politics. If Romney is vulnerable to these types of attacks in the general election (and I think this is Obama’s only hope of winning) then it’s best to come out with it now.
There are different ways to make money and not all of them are good. Republicans don’t need to bow at the alter of some guy just becasue he is a “capitalist”.
As someone who spent a career on Wall St, I can assure you that there are plenty of raiders who know how to butcher companies for quick profit in ways that are not productive, constructive, or humane. It is usually a matter of choosing short-term profit over long-term commitment (even when the long-term means potentially higher profit and certainly higher employment).
is it as OLD as the constant pictures of Newt and Pelosi? which are posted over and over and over? there are former associates of Bain that knew Romney and went broke. They have a right to tell their story. I am glad there will be a short movie on it and we the voters can decide. Gee! there is a media that attacks Mitt? how rare
I hope this is “good riddance, Mittens.”
“This is politics. If Romney is vulnerable to these types of attacks in the general election (and I think this is Obama’s only hope of winning) then it’s best to come out with it now.”
That’s and EXCELLENT POINT. It really doesn’t matter whether Bain was moral or not...if it can be used against him in a populist way, which it obviously can be, then the so-called ‘electable’ Romney might not be so electable after all.
Sorry - you did agree. I need to improve my reading comprehension.
“Newt’s Revenge? it is going to hit the fan”!!!
Yes all 10 of the idiots who see this will be enthralled.
Well if these other companies you speak of had a better use for the assets they would have had a better offer than Bain.
katie, as I see it, the purpose of exposing this video, from Gingrich’s perspective is to show the difference between corporate-level consolidation as one aspect of healing over-bloated dying companies, and a comprehensive business model that enables ground-level, small business creation.
Romney is a corporate guy. There is nothing wrong with that - I have worked for some of the biggest corporations and endured restructurings and staff reductions for 30 years. Newt’s angle is that Romney may know how to make money, but he does not know how leaders drive public policy to trigger a wide-spread economic expansion. Listen to what Prof. Art Laffer says: “You know, economics is my profession, and I’ve specialized in it all my life, especially public policy economics. I feel sort of like a doctor in a hospital, choosing which surgeon is going to operate on my child. And, you’ve got a bunch of good candidates out there but Newt Gingrich has done it before. His plan is pure and simple supply-side Reaganomics all the way,” he said.
The point is that Romney is a corporate rebuilding expert for creating profits. The Reagan model is supply-side driven, driving tax-rate reductions, deregulation, consumer based ground up growth. This is where Newt has credibility. There is a big difference between creating profits and growing a ground-up economy. This is where Newt has an advantage because as Prof. Laffer states, Newt has credible experience doing this. Newt can lay claim to helping create 11 million jobs. Romney did create profits but in no way does his model comprehensively trigger consumer confidence and wide-spread growth. This is what I hope is clear to the SC voters.
Is it possible that with Santorum’s “surge” the media has decided he would be even easier for Obama to defeat (than Romney) and that is why they are going after Romney now for the first time? I have just detected this subtle shift since Iowa, maybe I am just paranoid. But I support Newt, so it is probably good to be paranoid...
PING
Some of it is destruction by corporate and legal ledgerdemain in ways that profit only the raiders (and stiffs everyone else including not only employees but bondholders, contract-holders and even other classes of shareholders).
If Mitt is vulnerable here, the GOP needs to know.
You stated the point exactly. Creating corporate profits is not the same as building an economy. I have spent my career with some of the biggest multi-national corporations in the world, and after many years of restructurings, sell-offs, layoffs contract cancellations and on and on, I learned years ago that I could not put my family’s and my own financial security in the corporation’s hands. That is why I also started a small business 14 years ago and grew it in parallel to maintaining my corporate job. I have been in a situation last year where I nearly had to choose keeping my corporate job and relocating in a risky situation, or insist on staying where I am and keeping my small business. I chose to stay with my small business. I don’t regret the decision - I luckily have been able to keep both for now, but the corporate climate is still not secure as opposed to the forecast for small business.
Prof. Art Laffer is one of the greatest if not the greatest economist of our time. He is with Newt because he knows that Newt understands how to grow an economy as opposed to what you talk about - short-term profit. There is a very big difference here and we need the candidate to create confidence at the working level, not scare them with corporate slashing that feeds instability in local and national economies.
There were 17,000 employees who lost their jobs. People that knew Romney and are very familiar with Bain. I would like to hear their story and there will be a hell of a lot more than just 20 people that watch it. The silence of the msm, some freepers and Fox News was deafening as lies were told about Gingrich via Mitt’s super pacs.
On Bain...although so many suffered and went down..Mitt escaped unscathed and made millions. He paid an absurdly low tax of 14%. Not many accomplish that...I say let the movie air and the voters decide.
Your analogy of the difference between Newt and Romney is well taken. Bain had it’s risks and quite a few workers were hurt. Reaganomics also the Newt way is the right idea. Hopefully, voters will note the difference between the two.
I know that Prof. Laffer is not a politician, but I really wish Newt would set up a public policy speech and bring Laffer with him to speak and clearly lay the situation out, before SC.
Absolutely right Rooster Redux. 17,000 lost their jobs. Mitt made millions and paid a very low tax rate...good for him. There is another side of this story we need to know. I am glad it is being aired.
I guarantee you it will go viral on the internet. There is nothing more that I would like than to see Mitt go down. I am sure Rove will be there to cover his back and spin it.
“.......You got ninety percent of the American public out there with little or no net worth. I create nothing. I OWN. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.’
Mitt Romney? Oops wrong movie, Gordon Gekko.
“What's worth doing is worth doing for money”
Mitt Romney? Oops wrong movie, Gordon Gekko.
“Bud Fox: Why do you need to wreck this company?
Gordon Gekko (insert Romney): Because it's WRECKABLE, all right? I took another look at it and I changed my mind!
Can't wait for the DVD.
“Romney’s business career made him a very wealthy man, but has come under some criticism because Bain bought some companies and put them out of business”
Thats what corporate raiders do. Its not pretty but its darn lucrative. I’ll be Mitt is not happy about this movie coming out. He likes to tell you how he saves companies.
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