“Does Gingrich consider it ethical to create campaign videos filled with 28 minutes of lies, smears, and distortions?”
Point to one lie, smear or distortion in the 28 minute video...
From what they were saying at FNC today the ‘King of Bain’ had some very gross errors in it. I did find these bad ones with a few minutes of google search:
■The film talks about layoffs at DDi Corp. and discusses questionable manipulation of stock prices after the circuit board company went public. But Romney had left Bain Capital a year before any layoffs and a public stock offering that ultimately netted Bain and Romney a big payday. The company’s subsequent bankruptcy filing came two years after Bain had largely divested from the company, and was the result of the dot-com bust. Moreover, the company emerged from bankruptcy, and its current CEO credits those early Bain investments for setting the foundation for the company’s current success.
■The film claims Romney was involved in the acquisition, management and demise of the now-defunct KB Toys. He wasn’t. Bain bought the toy company nearly two years after Romney left Bain.
■Likewise, the closing of UniMac’s plant in Marianna, Fla., occurred seven years after Romney left Bain and nearly two years after Bain sold UniMac’s parent company to another private equity house
Facts Strained in ‘King of Bain’
Former workers at the Unimac plant in Marianna, FL blame Bain Capital for management decisions made in the early 90s which led to poor quality. However, Raytheon was the company that owned Unimac at the time. Bain did not take ownership until 1998.
Mitt Romney is blamed for the plant's closing. Yet the plant did not close until one year after Bain sold it, and six years after Romney left Bain. The plant was closed and moved to Wisconsin by it's new owner. Unimac remains in business to this day.