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Gingrich launched that conversation. do we want a vulture capitalism emblematic of what bain stood for or do we want a humane capitalism that shares the prosperity of this country? i agree, although demonizing it as vulture capitalism exactly. private equity rests on the premise that the risks will be transferred to the workers and communities and this folly of carried interest tax which allows people i m not going to defend that. katrina, it s an important argument to make but there is no way that you can really argue that the president is not skating a very, very thin line between alienating business interests on whole. there is a new ad out from the campaign talking about mitt romney s role in a factory, asking workers to effectively build their own coffins. you can t say that s not an indictment i m all for business but there s responsible business, there s small business which in many ways is voted against, it s self-interest. there s a chamber of commerce that i ....
Campaign trail talking to that point. bain and their companies, they made a great deal of money facilitating this outsourcing, and offshoring american jobs. yeah, they made a lot of money but in the process, they devastated, they devastated whole american communities. you got to give mitt romney credit. he s a job creator. in singapore, china, india. he s been very good at creating jobs overseas. the bain attacks. we thought they were made r.i.p. they seem to be back in the ether, certainly a talking point for the vice president. do you think it s a winning line of attack given where the conversation is right now? i want to go back for one second and think there s also responsibility in the media in terms of how this campaign is covered. particularly in the twitter era, how many days do we spend on ridiculousness that gets tweeted out and that back and forth instead of a conversation about ....
Many ways when company like bain breaks apart other companies people will clearly lose jobs. that is one side of the coin. they re also rebuilding jobs and rebuilding business and creating jobs from major companies like staples, dunkin donuts, the guitar center. that is often overlooked in this conversation. you can not go from being strip minetory being environmentalist. that is what romney is trying to convince us he can do. jon: alexis, nobody buy as company intending, you just can t make money on a company if all you do is shut it down. the track record of bain capital showed most of the companies that they bought actually went on to succeed. that was great for bain s shareholders and partners but, what bain s main proposition, that they re offering is that they have been . jon: we have to shut you down. hang on a second. hang on a second. alexis mcgill, sabrina schaeffer. thank you both. ....
Reductions. and stands town china on trade and demands they hey by the rules. president romney repeals job killing regulations costing the economy billions. eric: the co-founder of staples, and surrogate if romney campaign. tell us, sir, there is a lot of discussion back-and-forth on bain capital s role in staples. can we get this out you as co-founder, tell us what bain and governor romney had to do with the success of staples. guest: well, governor romney saw the value in sending office products when others did not. so he led the first round in the financing of staples. he served as a board member for 15 years. and he helped raws capital. he helped us expand and invaluable advisor to me as chief executive officer. having seen him in that capacity, it gives me great confidence what a wonderful president he will be. eric: sir, take us back to the day when you needed bain ....
The facts here. they took a hundred million out and i understand workers lost part of their pension and almost all of their health care. couldn t they have taken 80 million out and save some of that money to give work ears little pension and healthcare relief as they are losing their jobs? isn t that a legitimate question about where your values are? of course it a legitimate question. look, what case is that there are and i will cite steve ratener on this point, i know the obama campaign has all of them, where they behaved in a way where there is a case where they were where workers were harmed in way that is atypical of private equity. so you will hear about those cases. it is not the majority of what bain did. but they are real cases and those are the cases that the ....