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sucked the life out of us. pretty strong words. the ad is clearly designed to tug on emotions to paint mitt romney as a heartless corporate raider who cared nothing for the workers at the steel mill. the romney campaign points out that romney wasn t actively managing bain when that steel plant closed. you can make the argument that the ad is fair game because he repeatedly said he created jobs even though the goal of bain capital was not job creation, it was money creation for its investors. that s what private equity is all about. what s interesting, however, is the obama campaign ad came out at about 6:00 a.m. yesterday. at about 6:00 p.m. yesterday, president obama was in new york at a private fund raiser at the home of this man named tony james. he s the president of blackstone which is a private equity firm. a private equity firm that has, just like bain, made business deals that have shut down factories, put people out of work. 270 workers at a food plant, 800 at ....
i heard from awful them is a bipartisan call for action and alarm. the next into years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. and interest rates will go up so fast you won t be able to catch your breath. how much? how much are they going snup some wall street investors, the most bearish, say americans could relive the late 70s, early 80s. one investor told me he s mauking big bets in the treasury market, 17% for a mortgage. that may be incredibly dire, but it s happened before. debt on debt on debt means interest on interest on interest. so we did the numbers. current projections from the cbo say the u.s. will spend, prepare yourself for this one, $624 billion in interest in ten years. we will spend more on interest than on medicaid in six. this is absolutely not okay. i interviewed speaker boehner and asked him whether armageddon is avoidable. we all know social security, medicare, medicaid, th ....
secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, alan simpson from simpson-bowles and what i heard from all of them is a bipartisan call for action and alarm. the next few years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. and interest rates will go up so fast you won t be able to catch your breath. how much? how much are they going up? wall street investors, the most bearish, say americans could relive the late 70s, early 80s. one investor told me he s making big bets in the treasury market, 17% for a mortgage. that may be incredibly dire, but it s happened before. debt on debt on debt means interest on interest on interest. so we did the numbers. current projections from the cbo say the u.s. will spend, prepare yourself for this one, $624 billion in interest in ten years. we will spend more on interest than on medicaid in six. this is absolutely not okay. ....
bain capital, a private equity firm that sometimes led to people losing their jobs. that s what happened at the kansas city steel mill that s the focus of the new obama campaign ad. featuring workers who say that mitt romney and others ruined their lives. having a good paying job that you can support and raise a family on is hugely important. that stopped with the sale of the plant to bain capital. i know how business works. i know how jobs come and go. bain capital was the majority owner. they were responsible. mitt romney was deeply involved in the influence that he exorcised over these companies. they made as much money off it as they could. they closed it down. they filed for bankruptcy without any concern for the families of the communities. they were like a vampire. came in and sucked the life out of us. vampire that came in and sucked the life out of us. pretty strong words. the ad is clearly designed to tug on emotions to paint mitt romney as a hea ....
outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we ll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, alan simpson, and what i heard from awful them is a bipartisan call for action and alarm. the next into years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. and interest rates will go up so fast you won t be able to catch your breath. how much? how much are they going snup some wall street ....