Tuesday, January 10, 2012

Video: Obama advisor: Romney?s a ?corporate raider?



>> up their attacks based on a his taime running bain capital . he was called a corporate raider . today the wall street journal reports on romney 's time at bain . the journal examines 77 businesses bain invested in while romney ran the company. 22% of those businesses filed for bankruptcy protection or closed their doors. bain was recording 50 to 80% annual gains at the time which is considered high. joining me now wall street journal , jerry. the bottom line is this article points out there are some highlights for mitt romney here but there's a lot of low lights there's enough to really strike hard.

>> there's ban lot of back and forth. without a lot of detail research. we decided to step back and look at it in detail. we took 77 companies with the investment this bain made and took a look at the record. there's going to be a bit in what we found for both sides. it was a slightly higher average of bankruptcies. there were also some spectacular successes. the staples, the sports authorities and dominos pizzas. they created a lot of jobs. you can look at this detail study and see a bit on both sides.

>> with that said, when you have gingrich's super pac and it has people that lost their jobs and a new sound bite from mitt romney stumbling through an answer and says he likes to fire people . when you look at the success records of some of the success companies, you wonder how many people lost they're jobs for that company.

>> the i like to fire people is going to be a cringe inducer. he was talking about firing your health insurance company but the context will be seen as bain capital context which is unfortunate for the romney campaign. you'll see people who say i worked for a company that was rated or looted by bain capital and you'll see, i predict shortly, the romney cam tan will say bain capital saved by company. one of the difficult things for the romney campaign to argue here is that there are jobs that were saved. you can't count jobs that are now there but that would have been gone. it's like president obama saying the economy would have been worse if i hasn't been there to help it along. there's been so much in the last 72 hours , that i think the romney come paampaign will have to come back with

Source: http://video.msnbc.msn.com/newsnation/45931316/

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