ROMNEY’S GOAL FOR THE COMPANIES BAIN ACQUIRED: “HARVEST THEM AT SIGNIFICANT PROFIT” (Robert Reich)
ROMNEYS GOAL FOR THE COMPANIES BAIN ACQUIRED: HARVEST THEM AT SIGNIFICANT PROFIT
Heres a video of Romney in his early years at Bain, explaining his purpose in acquiring companies was to harvest them at significant profit.
No one should be surprised. After all, Bain Capital wasnt in the business of creating jobs. It was in the business of creating profits.
The two goals arent at all the same as Americans whose jobs have been eliminated or whose wages and benefits have been cut know all too well.
For years, higher corporate profits have come at the expense of fewer jobs and lower wages. Business leaders and financiers have been harvesting like mad, leaving most Americans behind in the dirt.
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http://robertreich.org/post/32401443092