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Amerigo Vespucci

(30,885 posts)
Thu Mar 15, 2012, 12:24 PM Mar 2012

MSNBC Contributor Ari Melber's "winning meme" for Romney omits a little thing called "Bain Capital"

It was one of those "You owe me a new keyboard" moments as I sipped coffee and heard this...this THING...come out of Melber's MOUTH.

It's "Now With Alex Wagner" (guest host Luke Russert) and the "panel" was discussing the sound bite of Romney saying he wasn't going to apologize for his wealth.

So the "panel" discussed a "better" message that Romney might deliver other, with a little less "kiss my ass" overtone.

Melber said "I know how to create jobs and wealth without taking anything away from anybody."

Er...HUH?



Romney made huge fortune while workers lost jobs, stockholders and creditors lost money.

Here's just one example:

In 1992, Mitt Romney was running Bain Capital, a private equity firm. Bain Capital bought American Pad & Paper Co. (Ampad) for $5 million.

Over the next several years Romney's firm bled the company dry. Hundreds of workers lost their jobs. Stockholders were left with worthless shares. Creditors and vendors were paid less than 50 cents on the dollar. While they were exploiting the company, Romney's firm charged Ampad millions of dollars in "management fees." In all, Romney and his investors reaped more than $100 million dollars from the deal.

Last summer the Boston Globe published this account of Mitt Romney's acquisition of Ampad while he was running Bain Capital:

http://www.boston.com/news/politics/2008/specials/romney/articles/part3_main/?page=8
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MSNBC Contributor Ari Melber's "winning meme" for Romney omits a little thing called "Bain Capital" (Original Post) Amerigo Vespucci Mar 2012 OP
I see job cindyperry2010 Mar 2012 #1
Shouldn't Bain be out of business by now with all of Obama's corporate crushing policies? chelsea0011 Mar 2012 #2

cindyperry2010

(846 posts)
1. I see job
Thu Mar 15, 2012, 12:31 PM
Mar 2012

political ads a plenty for how well someone did at job creating and fixing and saying really this is how well you fixed jobs mr. romeny? or just play teddy kennedy's ad when he ran against him for senate

chelsea0011

(10,115 posts)
2. Shouldn't Bain be out of business by now with all of Obama's corporate crushing policies?
Thu Mar 15, 2012, 01:20 PM
Mar 2012

To listen to Romney, I would expect them to be on the verge of bankruptcy right now.

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