Mitt is in the deepest of trouble................

[dagnybell]

It could have been produced by the Democrats. In fact, count on them to recycle all these charges.L

I think this is the key. It will dramatically reduce the perception that Mitt is the most electable...

 

[RickyJ]

If the video which is imbedded in this article goes viral, Mitt will be toast.

Tne Gingrich campaign released this attack-umentary recently.

http://runronpaul.com/campaign-trai...-umentary-end-mitt-romneys-bid-for-president/

It is 28 minutes long.

It could have been produced by the Democrats. In fact, count on them to recycle all these charges.

For Romney it is devastating. Seriously, I think the Ron Paul people's view that he could be toast is not far fetched.

You need to watch it.

Some of it is populism. Some of it is jealousy. Newt is one mean spirited dude.

However, fundamentally some of it rings true. Mitt got rich, companies Bain invested in were levered up, distributions paid out, and then ultimately they failed. Investors in an IPO were left holding the bag.

Mitt will call this class warfare. No one should care about his houses. (True)

It also fails to mention the venture capital portion of Bain's business which created jobs. (Staples huge success)

Nevertheless, it shows the impact of the LBO business on 4 communities and I bet the point resonates with many voters.

Of course the video never mentions that it was the artificially low interest rates created by the FED which drove the LBO craze.

This video shows why Mitt will not and cannot beat Obummer. There is only one remaining solution...............

Can you say President Paul? I knew you could.

Amazing, Newt , through his evil mean spirited ways could contribute to RP winning. God works in mysterious ways..

L

What I hate about this is it could mean a lot of Romney support goes to Gingrich and not to Paul. Gingrich is not out of this yet. The time for this attack is after Gingirch is out of the race not before.

 

[phideaux-deux]

"The enemy of my enemy is my friend."

 

[InTradePro]

This video shows why Romney can't beat Obama.

the D's will kill him over this.

Only option, as always, is RP.

Can you explain more what in the video says why Romney can't beat Obama?

 

[llepard]

llepard - are you as surprised as i am that this film has certain truisms that reflected so poorly and correctly on the ego and attitude along with outright fraud of the Street, yet republicans are defending Mitt and Bain and all the evil they personified as if they were defending true capitalism....

it's strange, and i don't think a company like Bain would thrive or even exist in a true free capital marketplace. don't confuse a company like Bain as a "shiny example of capitalism."

Strongly agree. Capitalism and Crony Capitalism are two completely different things. LBO's are evil. Investing money in a business which adds value and grows benefits society. Bain does both. The issue is are you trying to add value or transfer value.

Win Win Capitalism is a thing of beauty and the essence of a free society.

 

[llepard]

What I hate about this is it could mean a lot of Romney support goes to Gingrich and not to Paul. Gingrich is not out of this yet. The time for this attack is after Gingirch is out of the race not before.

Relax. Gingrich is unelectable.

 

[surf]

Relax. Gingrich is unelectable.

it's nice to have you back here

 

[jax]

How conveinent of newt to ask it to be removed, afterit was already released and plasteres all over youtube and the internet. He's a slimeball

 

[moderate libertarian]

This is not the path we want to take. RP has already come out against this line of attack in a Cnn interview I think.

That was about taking "like to fire people" statement out of context though. Romney is vulnerable on so many other issues, his chances against Obama do not look good.

 

[specsaregood]

yeah, I thought Mitt was already gone from managing the company when most of the stuff talked about took place. tough to blame a guy that isn't running the company any longer for stuff that happens after he leaves.

 

[sailingaway]

Agree, I do not condone the attack. But, that is not the point. Let these two nitwits fight it out. RP rises from the ashes to the nomination.

agreed. I had read Bain got a bailout, but I'm not sure of details. I will watch the video.

 

[jsem]

I don't think this is going to do too much dmg to Romney in the primary season. It's going to sink Newt.

 

[PastaRocket848]

This whole deal was bad for us. It served to make Mitt look like the conservative one. It helped him in the primary to shore up conservative support. It doesn't effect the general, as it all would've been brought up then anyway. If anything, it innoculated mitt from any charged Obama could make, took the potential sting away.

 

[ghengis86]

But Newt has actually come out and ask the SuperPAC (and Mitt) to revise it for accuracy. So much for FEC rules in the former case. LOL

There are actually three stories about it on Drudge.

Here's one:

http://blogs.wsj.com/washwire/2012/01/13/gingrich-calls-on-pac-to-alter-film/

this is what I was wondering. how is it legal for him to ask a PAC to do something on his behalf? Is that not coordinating? Or does the FEC need someone to file a complaint before they investigate? WTF?

like others have said, let the pig's sling the mud; RP will only benefit from this.

 

[Justinfrom1776]

Perhaps Ron should take this opportunity to clear up the problems with Romney's Bain record regarding corporatism. In 1991 Bain received a 10 Million dollar "bailout".. In the Gingrich video the allege that Bain received a buy rating from Lehman Brothers on DDI, Gingro's PAC alleges this was the result of some under the table deal. I can't prove that it was, but if it was and the SEC looked the other way while Lehman brothers illegally pumped up the DDI stock so Bain could dump the shares and leave investors with pennies, then we have a real story here.

 

[doctorfunk]

Perhaps Ron should take this opportunity to clear up the problems with Romney's Bain record regarding corporatism. In 1991 Bain received a 10 Million dollar "bailout".. In the Gingrich video the allege that Bain received a buy rating from Lehman Brothers on DDI, Gingro's PAC alleges this was the result of some under the table deal. I can't prove that it was, but if it was and the SEC looked the other way while Lehman brothers illegally pumped up the DDI stock so Bain could dump the shares and leave investors with pennies, then we have a real story here.

I think that is more of the story here. Bain mostly bought distressed companies that would have laid off all of their employees anyway. I don't see how some of them getting laid off due to Bain is that big of news. Not to mention that if you lose one job, there are others out there (not always but usually).

The good thing for Ron Paul is that he's staying above this whole thing. The far right will hate newt for it. The more left will hate mitt for it.

 

[jointhefightforfreedom]

Romney is a big government Billionaire who doesn't give 2 shits about the freedom and liberty of the people!
He is trying to BUY the election!
If it gets more power what do you think he will do to americans?

He needs to be exposed and run out of town!
http://www.nypost.com/p/news/opinio...the_shocking_true_size_tOxcrobUBUup9IEW3vQAhJ

I say all these crooks need to be exposed for the liars that they are!
This is a fight for liberty and freedom!
not a negotiation for some of our freedoms back

 

[Babylon]

Perhaps Ron should take this opportunity to clear up the problems with Romney's Bain record regarding corporatism. In 1991 Bain received a 10 Million dollar "bailout".. In the Gingrich video the allege that Bain received a buy rating from Lehman Brothers on DDI, Gingro's PAC alleges this was the result of some under the table deal. I can't prove that it was, but if it was and the SEC looked the other way while Lehman brothers illegally pumped up the DDI stock so Bain could dump the shares and leave investors with pennies, then we have a real story here.

Imho, rp has jumped the gun in defending Bain.
The free market certainly contemplates companies failing and their assets being sold off.
But that is NOT what the 1990 PE business was about.
This how it worked:

1. buy company.
2. Dress it up a bit (usually by drastically cutting expenses (i.e. Jobs)
3. Have the company borrow a shitload of money
4. Take the majority of this money out in the form of dividends and managemtn fees
5. Then have the company declare bankruptcy.

The creditors (step 3) are screwed.
The jobs are lost forever.
And Bain makes a fortune.

Any deal that PLANS on a bankruptcy is not captialism.
It is fraud.

You might wonder why the creditors would loan money if they knew Bains modus operandi.
The answer is alluded to in the video.
The same creditors are involved in the IPO. they pump up the value of the stock.
They get their money back there.
Ultimately, the ones left holding the debt are the shareholders (grandmas mutual fund).

this is not capitalism.

It's fraud.

The material misrepresentation is that the shareholdes and private investors were never told that Bain intended on dmping all their stock and declaring bankruptcy.

 

[ronpaulyourmom]

What are the known inaccuracies?

If this video stands and becomes credible then Mitt is a goner. There better be some serious factual mistakes or Mitt says bye bye

At least one group of people interviewed in the video have come out and said they thought they were being interviewed for a documentary about the factory closing, not the broad brush that was painted. They said that their comments "were taken way out of context".

Frankly I don't think these charges are going to stick with most people. Overall it was a line of attack that could have worked if it had been done right, but the underhandness in the methods will soften the impact. I'll be interested to see if this comes up in the SC debate. If the argument can be reframed (hopefully by Ron and not Newt) then we might have a winner.

 

[P. R. Robinson]

If the concept of Mitt looting companies is brought up at the next debate, Ron Paul should say "We really don't have to worry about that, the Fed has already looted our treasury!"