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Mon Jul 16, 2012, 06:57 PM

Romney’s still profiting from Bain’s vulture capitalism


Poor Mitt Romney. Well, not that poor.

The wealthiest man ever to secure a major party nomination for the presidency is crying foul because President Obama’s campaign has dared to explain how Romney made his money.

Romney was a robber baron.

He helped create Bain Capital, a private equity firm that makes money by buying functional U.S. manufacturing and service firms and rendering them dysfunctional. Bain guts American companies, ripping out whatever parts are profitable and then tossing the workers aside.

Bain forces cuts in wages, benefits and pensions. It outsources work. And it offshores production — harming American workers and communities and undermining American industries.

No amount of wordplay by Romney and his campaign team is going to change those facts.

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Reply Romney’s still profiting from Bain’s vulture capitalism (Original post)
hue Jul 2012 OP
Scuba Jul 2012 #1

Response to hue (Original post)

Mon Jul 16, 2012, 07:11 PM

1. This is why his departure date is meaningless. He still owns the damned company. Rush...


... Limbaugh and Glenn Beck work for Mitt Romney.

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