2 Minutes with David Corn: Breaking Down the Bain Video
MoJo's DC bureau chief breaks down why Mitt Romney's top priority at Bain wasn't creating jobs, but harvesting profits.
The latest Mitt Romney video released by Mother Jones Washington Bureau Chief David Corn doesn't address the "47 percent," but it does reveal some uncomfortable truths about how the GOP candidate viewed his role at Bain Capital, the private equity firm he founded.
Speaking in 1985 at the 20th anniversary of Bain & Company, a young Romney said: "Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit."
In two minutes, Corn breaks down exactly why Romney's top priority at Bain wasn't creating jobs or building strong companies. He also raises the question: What makes Romney qualified to do so now as a potential president?
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Music by: Mike Smirnoff