Election 2012 + OWS: Watch Newt Gingrich’s devastating video that paints Romney as a job-killing one-percenter
-
- Published on January 12th, 2012
As promised, a SuperPac associated with Newt Gingrich has released a killer video that shows just how much of a job-destroyer Mitt Romney was in his years as a venture capitalist.
As President of Bain Capital, Romney epitomized everything that has gone horribly wrong with America: Talking piously about efficiency and restructuring, but in fact looting the productive economy. At Bain Capital Romney killed companies, destroyed jobs and pensions, all in the name of sucking out hundreds of millions of dollars in short-term profits for this speculator buddies.
It’s the heart of the Occupy Wall Street complaint: “We’re not against capitalism, we’re against stealing”. There’s a reason these venture capital firms that make massive profits for the 1% are nicknamed “vulture capitalism”.
If we’re going to create a green economy that will build for America’s future, we have to have a productive economic system. Capitalism doesn’t work when pirates are allowed to rob and plunder with impunity. And thats pretty much what Mitt Romney was: A pirate.
Here’s what the film’s producers have to say:
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.
Watch the whole thing:
http://youtu.be/xH3X8ehrVJY
