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

By       Message Robert B. Reich       (Page 1 of 1 pages)     Permalink    (# of views)   4 comments

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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.

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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.  

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

 

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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