Thursday, September 27, 2012

ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video

See the link below for the video:

http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video

By David Corn | Thu Sep. 27, 2012

Campaigning for the presidency, Mitt Romney has pointed to his stint as the founder and manager of Bain Capital, a private equity firm, as proof he can rev up the US economy and create jobs at a faster clip than President Barack Obama.

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But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors."

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TRANSCRIPT: Bain Capital is an investment partnership which was formed to invest in startup companies 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…

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