President Obama's re-election campaign has released new ads attacking Mitt Romney's record at Bain Capital by looking at his record with GST Steel. The Morning Joe panel – including financier Steve Rattner and Time's Mark Halperin – discusses the ad and Romney's record.
New ad hits Romney's Bain record, but how accurate is it?
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Mon May 14, 2012 10:54 AM EDT
— Filed under: morning-joe




Yo,I watch your show some.I like it.The segment about Mr Romney and Bain was good.The issue has two side.The parts that are in ? are not the ? of Capitalism vs employment.The ?s are more BASIC..Businesses DO NOT,NEVER HAVE and NEVER WILL create jobs or lose jobs!!!!! Jobs are DEMAND DRIVEN and until everyone get this fact[FACT] through their heads,we can't make progress.MIDDLE class is being crushed...THEY BUY the PRODUCTS...WAKE UP...Second,It's not an employment issue.People do,will and should lose jobs in a Capitalist system..Issue is the SAFETY NETS...These people want them cut to zero...This is the issue.How you treat your less fortunate citizens determine your societies status..Money to help people retrain,transition and keep the bottom from falling out of the worlds of these folks..
Joe,did your dad have some net stuctures to get him and your family thorugh the tough times?? I would think he did,because you are ons smart dude...
Philly Steve
Okay, Joe Scarborough is a MItt fan.. but you Joe and Mitt only increase the perception of a TIN EAR, when you state that people who attack Mitt's record at Bain Capital as ones who do not understand the way the ecomony works, is condescending and untruthful. We do understand the way the economy works, and what was done to the company in the ad, was innapproriate and should be illegal. Further, if Mitt wants to claim, success from All the rest ( Sports Authority(etc.. who added jobs long after his tenure, as proof of his job creation abilities, then a comany who was aquired by Bain during Romney's rule, is fair game.. and frankly what they did with that wonderufl company was a disgrace . The public needs to know about this.. And Dear MR. Dumb ass Scarborough, I have a degree in economics and I do understand the economy.
I'd like to ask Mika one question. She states that this attack add on Romney's record proves that he has no clue how those who are jobless feel like. My question to her is, "Do you think that Barry Obama (Havard law grad) has a clue what they feel like?" As if he's ever been unemployed. I'm sure that someone in both Obama and Romney's family (somewhere down the line) has experienced unemployment but niether of these guys has experienced it themselves. Give me a break. You point out how Obama "saved" the auto industry...sure but at the American tax payer's expense. Romney has created capital out of shrewd business moves...not through borrowing from the American tax payer. How many jobs has Obama created either personally or through the bills he's wrote and passed? The truth be told NO American president has created jobs EVER. The market, capitalism, and entreprenuerism are what create jobs...not the President. His policies can make it possible for certain areas of the economy to be more profitable and therefore create jobs but it isn't as if the president thought those policies up on his own...that's what lobbyists do. Wake up Mika...you are so bias and are nothing short of an idealogist like all of those on Fox that you probably hate...you just come from the other side of the aisle.
Just read romneyeconomics.com and learned about Bain Capital and Stage Stores. I used to shop at one of these stores and liked it a lot. It went bankrupt in 2000 and my store folded in 2001. Now I know that Bain bought it, put it in debt, sold shares at a profit and drove it to bankruptcy costing more than 5,000 jobs. My problem, Joe, is that making money is ALL that Romney seems to know and it isn't a good qualification for the presidency.
I was impressed years ago by Romney's rescue of the Olympics. Showed managerial skill. His accomplishments at Bain are also impressive but not indicative of how he would rescue this economy. In fact, it demonstrates that he really doesn't understand the underpinnings of a strong economy ... a strong middle class. Don't misinterpret the polls: when we say we don't like the way things are going (progress on economic recovery) that doesn't mean we want to change course from the strategy that's getting us back on our feet.