Mother Jones: In 1985 Video Mitt Romney Said Goal of Bain Capital was to “Harvest” Companies for Profit

Mitt Romney
Mother Jones: ¬†In 1985 Video Mitt Romney Said Goal of Bain Capital was to “Harvest” Companies for Profit (Photo credit: Wikipedia)

Mother Jones found a video in which Mitt Romney saying the goal of Bain Capital was to identify¬†potential and hidden value in companies, buy significant stakes in these businesses, and then “harvest them at a significant profit” within five to eight years. Um, that’s not what he’s saying on the campaign trail. He’s branding himself as a job-creator.

Andrew Sullivan: “This is not the ’47 percent’ bombshell. It just shows what Bain Capital was about: rewarding its shareholders by “harvesting” companies. That word is clinical. And look: there’s nothing evil or wrong about Bain. It did what it does, it has had some successes and failures, and it’s not a crime to make money this way. But it isn’t business, as Romney concedes, so much as finance.”

Watch the video:

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