Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite Get Embed HTML Code View Article Stats
4 comments

OpEdNews Op Eds

Romney's Goal For The Companies Bain Acquired: "Harvest Them At Significant Profit"

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

Interesting 1  
View Ratings | Rate It

Headlined to H2 9/28/12

Become a Fan
  (89 fans)

opednews.com


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, wFor 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.  

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

 

http://robertreich.org/

Chancellor's Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the last century. He has written (more...)
 
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Whether Obama or Romney - wealth for the 1% continues by Lance Ciepiela on Friday, Sep 28, 2012 at 9:30:23 PM
The day will come? by Sister Begonia on Saturday, Sep 29, 2012 at 2:05:02 PM
Translation by Bob Gormley on Saturday, Sep 29, 2012 at 8:21:47 AM
Romney's goal for the companies Bain acquires by Sister Begonia on Saturday, Sep 29, 2012 at 2:04:05 PM