This story was big on FNC today but not mentioned on MSNBC which is now the Bain's 24/7 channel. It is like Christmas every day now over there at MSNBC, they are celebrating that Republicans finally woke up to the evils of the rich and of capitalism that they lectured us about for years.
From what they were saying at FNC the 'King of Bain' had some very gross errors in it. I did find these 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 companys 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 companys current success.
■The film claims Romney was involved in the acquisition, management and demise of the now-defunct KB Toys. He wasnt. Bain bought the toy company nearly two years after Romney left Bain.
■Likewise, the closing of UniMacs plant in Marianna, Fla., occurred seven years after Romney left Bain and nearly two years after Bain sold UniMacs parent company to another private equity house
Facts Strained in King of Bain
This other vid has been posted online by a pro Gingrich PAC called 'Winning Our Future.' and I found it posted on FNC.
FNC Politics , January 11, 2012, HERE IT IS...The Full Romney/Bain Documentary
Fortunately for Obama, it's going to be very difficult for Romney to make all these points in a 30 second ad.
You know SoL, this whole dump on Romney issue is ill-advised.
What’s the motive of running this negative stuff? Why it’s to damage the opponent. Is that what is taking place here?
Neither you or I are backing Romney. I wouldn’t vote for the guy. I’m not sure your stance on that.
The point is, this dirty laundry campaign has actually caused both you and I to do a double-take, and actually defend Romney. Frankly, that’s the last thing I want to be doing here, but I will not sit by and watch folks slam him for doing things that were legal, and things that were not as described.
Here you reveal how he wasn’t even part of the company when these things were done. Not only does it fail to harm Romney, and cause us to defend him when we don’t really want to, but it also destroys the people the adds are intended to benefit.
Talk about a fail, fail, fail...