Mitt Romney has a history of destroying American jobs, hurting the middle class while making a profit in doing soTuesday, October 16th, 2012
It seems Twitter is going crazy with Rommunism stories and Memes labeling Romney as an ‘outsourcer in chief’. Much of this has to do with his history with Bain Capital. Mitt Romney has a history of destroying American jobs, hurting the middle class while making a profit in doing so.
In fact, Republican Newt Gingrich called Romney out on this during the Republican Presidential debates — see below video.
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?
MotherJones also wrote and exclusive story with regard to mitt Romney investing outside American interest in a Chinese firm that profited on US outsourcing jobs.