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Quote, dade bering wound up shuttering two medical facilities in miami. some 850 jobs were lost while bain walked away $242 million and 800% return on investment. that s what i m talking about. bain wins, the factories lose. let me go back to steve. are you an expert on this kind of thing about how equity comes in and shakes up these companies, cuts their costs, then flips them? is it usually to the advantage of workers, people that work there, or never to the advantage of middle management who get sliced? might be to the advantage of stock holders of the companies? maybe that s different. it can to the advantage of the worker. can be to the advantage of middle management but always to the company like bain. that s the problem. i m sure there are stamps and anecdotes that romney can churn up and say, this is jobs because of what bain did. the nature of his business is making money for investors. ....
Problem. part of what bain did is venture capital, investing in startupes. that s why he talks about staples. but other part it did is what i call buyout, take over and take down. you grab a company, strippous the assets. fire workers, cut their benefits and take millions out for yourself thep the company ultimately goes bankrupt. that happened over and over again. you know what makes that spot you showed so powerful and i saw this in 1994, those guys are reagan democrats talking to other reagan and blue collar demuates and they crystallize this issue. and that is who will stand up for the majority of hardworking americans and who will stand up for the few. you worked in ted kennedy s 1994 race against mitt romney and kennedy s campaign ran an ad about mitt romney using people that he laid off at bain. let me show you that. you re not creating jobs. ....
In. if you are going to say you are a job creator, you have to take the fatality of the of the record. do you think that the obama campaign ad is going to be effective if you think about the way that they are talking about bain and the real story behind what bain was doing? again, it wansz than about making jobs for people. it was about making money for its invest wrors which is not a bad thing. thomas, that will be effective if they are automobile to define romney in his work at bain really before romney does. in all the speeches romney gave during the primary season is now the general election starts and talking to i m a job creator. this rebuttal from the obama camp in this tv ad that has millions of dollars behind and it key battleground states, what they are trying to do is say that business experience mitt romney was always trying to always making money while sometimes people end up losing their jobs. kansas city steel plant. mark murray, thank you, sir. you can read more ....
Just acknowledged that he was a corporate buy-out specialist at bain and his job was to dismanthe widisman dismantel companies and cut pension and benefits. he has not released his tax returns and we come to learn that yesterday, he acknowledged that he pays a tax rate approaching 15%. dramatically different from the middle class. that sounds like a vulture capitalist may be your favorite phrase. in opening up romney s record at bain, are you concerned that president obama has named as acting director of the omd, a former grand pooba at bain, as we look at what bain did, that someone in the administration was in fact employed there? mitt romney is running for president of the united states and hanging his record at bain as the reason that voters should ....
should never have been where it was in the first place, should never have tipped over the way it did. commanded by a captain who according to authorities should never have done what he did before, during or after his ship first ran into trouble. the questions are many tonight. we begin with a moment by moment account of what we now know. around 9:30 at night, the lights go out president a this point, there doesn t seem to be much panic among the passengers. but some sense that there was something more serious than just a power blackout. they were saying everything is under control. there was an electrical problem. we looked at each other and said they re full of it. we have to get off the boat. in fact, the sky scraper-sized smip ran into rocks and was beginning to list to one side. now passengers begin to panic. [ screaming ] reporter: this amateur video shows the dark cold chaos as passengers try to flee the ship in life jackets. battling against gravity to ge ....