dead were wrong. and that capitalism itself at its core was good. take a look. capitalism isn t a bad thing. you know when they get on the general campaign it s going to be deemed a bad thing. what does the ticket do to counter the image? the fact is that the bain capital companies grew by $80 billion during bain s ownership. and when you grow revenues by $80 billion, neil, as you know, you create tens of thousands of jobs. tom bain capital played a unique role in that. could you explain? sure. i mean i had a business plan, nothing else. when mitt romney decided to back us and helped us fund our business going in. and stayed on our board for about 15 years in a role that we would now describe as lead director. and he demonstrated the kind of leadership that he went on to demonstrate, running the
seen desperate republicans joining forces with him. republican presidential frontrunner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of our time. occupy wall street focused anger on the wealthiest americans. we got sold out. the tea party drove republicans to a 2010 midterm victory, warning that president obama would destroy capitalism as we know it. obama wants you to be a socialist. is capitalism working for most americans today? the basic bargain that made this country great has eroded. if you re rich, capitalism is probably working just fine. it s only broken if you re not. as you can see, the top 1%, that top line here, is doing pretty well, but what about everyone else? look at median income. that s the bottom line there. it shows that earnings for m
what is it worth going back to school? when can you afford it both time and moneywise? tweet me or send your comments for my facebook page. i m fredricka whitfield. see you later on. your money starts right now. it is 2012 and capitalism is on trial. i m ali velshi. welcome to your money. mitt romney under attack this week from fellow republicans questioning the wealth that he gained as a successful businessman. which begs the question, is anyone still defending america s economic system? capitalism on trial. and you are the judge and jury. president obama wants to put free enterprise on trial. and in the last few days, we ve seen some desperate republicans join forces with him. republican presidential front runner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of
something alive they couldn t sell for a dollar. you know capitalism isn t important because capitalism succeeds. it s a wonderful aspect of capitalism that succeeds. what s important about capitalism is it fails. you want to know what happens to a bad idea like some of our entitlement programs with government, it gets better. what happens with a bad idea when it s free market, it disappears. it goes away. it goes the way of bell bottoms or whatever. what p.j. is saying is a sentiment not just about the auto sector but a lot of things taxpayer money was used for over the last few years. in hindsight, what do you think about the degree we had government involvement and taxpayer involvement in the auto sector and the larger bailout. you know, i guess as daughter of detroit myself, i have to admit, also university of chicago graduate, i have this
business. i can t change my oil. i don t see any place for government in this kind of do you believe what he said, there was a chance those companies could have gone under. we do a little thought experiment on that. do we really believe those companies had so little value there wasn t enough international capital out there to get involved. chrysler said they couldn t sell it for a dollar. well, they may be right and that may have been about what it s worth. why are we the taxpayers keeping something alive they couldn t sell for a dollar. you know capitalism isn t important because capitalism succeeds. it s a wonderful aspect of capitalism that succeeds. what s important about capitalism is it fails. you want to know what happens to a bad idea like some of our entitlement programs with government, it gets better. what happens with a bad idea when it s free market, it disappears. it goes away.