It is the video that could change the 2012 Republican presidential race. The 30-minute video, called “King of Bain” is put out by “Winning the Future,” the super PAC supporting Newt Gingrich. It paints Mitt Romney as the man behind destroying the American dream “for thousands of Americans and their families.”
A warning for Mitt Romney: It’s rated R…. as in “Really” devastating if people buy into this ongoing narrative (painted by his opponents) that he cared more about profit than people during his time running Bain Capital.
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For the first time, we now have a look at how people’s lives were affected during his tenure. That’s what makes this video more compelling than anything else.
Watch the video here. Here is a description of the video:
Capitalism made America great - free markets, innovation, hard work - the building blocks of the American Dream. But in the wrong hands some of those dreams can turn into nightmares. This film is about one raider and his firm and how they destroyed that dream for thousands of Americans and their families - Mitt Romney and Bain Capital.
Mitt Romney. Was he a job creator or a corporate raider?
That's the question this film answers.
And it’s not pretty.
Mitt Romney was not a capitalist during his reign at Bain. He was a predatory corporate raider. His firm didn't seek to create value. Instead, like a scavenger, Romney looked for businesses he could pick apart. Indeed, he represented the worst possible kind of predator, operating within the law but well outside the bounds of what most real capitalists consider ethical.
He is exhibit number one the left wants to use in the coming election to give capitalism a bad name.
He and his friends at Bain were bad guys. Any real capitalists should disavow Romney's ‘creative destruction’ model that made him wealthy at the expense of thousands of American jobs.
Mitt Romney and his cronies pioneered ‘deindustrialization,’ a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees while doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains - including pension funds - before the companies went bankrupt.
Some might call that the free market. Most of us think its just plain wrong.
If you wonder why America has lost so many manufacturing jobs overseas, look no further than Mitt Romney – the King of Bain.
Think you know Mitt?
Think again . . .