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

Mitt Romney%2C 2006 Mother Jones:  In 1985 Video Mitt Romney Said Goal of Bain Capital was to Harvest Companies for Profit

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:

 Mother Jones:  In 1985 Video Mitt Romney Said Goal of Bain Capital was to Harvest Companies for Profit
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 Mother Jones:  In 1985 Video Mitt Romney Said Goal of Bain Capital was to Harvest Companies for Profit
Janet Shan is a freelance journalist, blogger and social media consultant. Janet specializes in political and social commentary, as well as business writing. She is the founder and managing editor of the Hinterland Gazette. She is putting the finishing touches on her new novel, a mystery based in the hills on Montego Bay, Jamaica.