Skip to content Skip to footer

Romney’s Goal for the Companies Bain Acquired: “Harvest Them at Significant Profit”

Mitt Romney.(Photo: Gage Skidmore / Flickr)Here’s 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 wasn’t in the business of creating jobs. It was in the business of creating profits.

The two goals aren’t 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.

Romney’s main selling point to voters is his so-called “business experience.” Yet America can’t afford this sort of “business experience” in the White House.

To the contrary, we need someone who doesn’t see the economy as profits to be harvested, but as people who need more and better jobs.

In 2012 that person is Barack Obama, not Mitt Romney.

Join us in defending the truth before it’s too late

The future of independent journalism is uncertain, and the consequences of losing it are too grave to ignore. To ensure Truthout remains safe, strong, and free, we need to raise $43,000 in the next 6 days. Every dollar raised goes directly toward the costs of producing news you can trust.

Please give what you can — because by supporting us with a tax-deductible donation, you’re not just preserving a source of news, you’re helping to safeguard what’s left of our democracy.