Folks can make up their own minds whether to watch it or not.
Then folks can decide what kind of capitalist we have in Mitt Romney, or they can decide that this is a piece of propaganda.
Posted as is.
I lost a tremendous amount of respect for Rush after he defended this as capitalisam at it's finest. "Gotta lay off people to save the company". Oh really?
The biggest aqsset of most failing companies is their “pension fund.” Those funds are then guaranteed by you and i...the taxpayers.
The video is very powerful. It will have a huge impact on Mitt - especially in the general.
That is a devastating video on Romney, the perfect attack ad for Barry. No wonder Obama wants to run against Romney.
I think this line of attack on Romney is a losing proposition. Better turn it over to the anti Mormons for their dog pile strategy which is already in place.
I heard an interview with the man who created the video (who, by the way, used to work with Romney). He said he had a hard time picking the four stories to use... there were so many.
You just know more are coming.
Here’s the U tube version
http://www.youtube.com/watch?NR=1&feature=endscreen&v=UYg_OdXNc1Q
One problem I have with all the discussions of Bain is the inability (unwillingness?) to clearly define terms. As I understand it, Bain does both venture capital and private equity. Again as I understand it (I'm only spottily versed in these issues), venture capitalists typically invest in start-ups they consider promising. If the start-up takes off, they make money; if the start-up fails, they lose money. In either case, I don't think I've ever heard that they take a fee.
Private equity OTOH is going into a failing company to turn it around or maybe to strip its assets. I admit I'm kind of fuzzy on this. Some say Bain took over companies, broke them up, sold off what they could, etc., etc. Others have said Bain went in (just how is unclear to me), forced the company to take on debt to pay Bain's fee, which ultimately forced the company under. I don't understand how you can simultaneously buy a company and take a fee . . . but as I said, no one is really explaining things calmly. Was Bain hired as consultants in these cases or did they buy out the company? Sorry for the ignorance, but how can I learn if I don't ask questions?
Now, as to Romney's role, I don't know how Bain is or was structured. Were venture capital and private equity separate or was there overlap and where was Romney?(A morning talk show host tells of an acquaintance who was starting some kind of compute company years ago that Romney looked into for a Bain investment but turned it down because he didn't thing the personal computer thing was going anywhere. No, I don't know whether the story's true or not; I do know that it's funny!)
Also, people keep talking about Bain's successes. Are these successes in the venture capital side or the private equity side? A lot mention Staples as a success, but my guess would be that Staples was a start-up that attracted venture capital, though I could be wrong. Did Romney play any role here?
I'd appreciate having any of this cleared up!
OH NO! He actually tore down his house so that he could build a bigger one!
He worked for a company that bought low and sold high, how evil!
His company actually allowed latin americans to invest!
He sat by and did nothing while Raytheon closed down a manufacturing plant!
What an evil dude...and not only that: he speaks FRENCH!
Oh the humanity!!
Having watched the video,
It seems typical occupy walstreet type of spin.
Business is about profit, this video only works in FAVOR of Romney.
If Bain took over GM we would not have so many Chevy Volt (aka Chevy Obama) jokes.
The point missed is these companies were dead companies walking long before bain.