August 26, 2012 § 1 Comment
A video posted on YouTube on August 24, 2012, purports to show Romney speaking at a $50,000 per plate event at a private mansion. In it, he discusses the purchase of a factory in China during his time at Bain Capital, specifically, the living and working condition of the factory workers:
“95% of life is set up for you if you were born in this country. And, I remember going to ah, uh, sorry just to bore you with stories.
When I was back in my private equity days, we went to China to buy a factory there. It employed about 20,000 people. And they were almost all young women between the ages of about 18 and 22 or 23. They were saving for potentially becoming married.
And they work in these huge factories, they made various uh, small appliances. And uh, as we were walking through this facility, seeing them work, the number of hours they
worked per day, the pitance they earned, living in dormitories with uh, with little bathrooms at the end of maybe 10, 10 room, rooms. And the rooms they have 12 girls per room.
Three bunk beds on top of each other. You’ve seen, you’ve seen them? (Oh…yeah, yeah!) And, and, and around this factory was a fence, a huge fence with barbed wire and
guard towers. And, and, we said gosh! I can’t believe that you, you know, keep these girls in! They said, no, no, no. This is to keep other people from coming in.
Because people want so badly to come work in this factory that we have to keep them out. Or they will just come in here and start working and, and try and get compensated. So we, this is to keep people out. And they said, actually Chinese New Year as the girls go home, sometimes they decide they’ve saved enough money and they don’t come back to the factory.
And he said, so, on the weekend after Chinese New Year there will be a line of people hundreds long, outside the factory, hoping that some girls haven’t come back. And they can come to the factory. And, and so as we were experiencing this for the first time, going to see a factory like this in China some years ago.
The Bain Partner I was with turned to me and said, you know, 95% of life is settled if you are born in America. This is uh, this is an amazing land and what we have is unique and fortunately it is so special we are sharing it with the world.”
The user who uploaded the video claims to have more footage. The authenticity of the tape has not yet been verified, but the person speaking does appear to sound like Mitt Romney. Romney has faced harsh criticism over the out-sourcing of jobs by Bain Capital.
August 11, 2012 § Leave a comment
“I would assure you, our campaign would be– helped immensely if we had an agreement between both campaigns that we were only going to talk about issues and that attacks based upon– business or family or taxes or things of that nature, that this is just…(interrupted by Chuck Todd: Are you going to throw out a pledge or something?) I would love to. [W]e only talk about issues and we can talk about the differences between our positions and our opponent’s position. [O]ur ads haven’t gone after the president personally. … [W]e haven’t dredged up the old stuff that people talked about last time around. We haven’t gone after the personal things.”
- Mitt Romney
- Source: MSNBC’s The Daily Rundown (video)
- Context: Romney has based his entire 2012 presidential campaign on his experience in the private sector, which he contends would make him the better choice in dealing with economic issues. However, Romney’s statement on the Daily Rundown appears to be a rare admission that political ads targeting his career at Bain Capital, and his lack of transparency, are hurting his campaign. Now, Romney wants to distance himself from his career in the private sector, and the issue of his tax returns. When asked if he was throwing out a pledge he initially said “I’d love to” but then said he had no specific pledge in mind when pressed on the issue further.
July 21, 2012 § Leave a comment
Below is a video of Mitt Romney being introduced as the founder and CEO of Bain Capital in February of 2000.
“And he is the founder and CEO of Bain Capital.”
- Source: Buzzfeed
- Context: Romney denies working at Bain Capital after 1999. This contradicts several documents filed with the SEC listing him as the owner and CEO of the company until 2002. This also contradicts instances such as the one in the above video, in which he is regularly referred to as the CEO of Bain Capital well past 1999. Romney’s Olympic biography from 2001 also states that he “is the founder and CEO of Bain Capital.”
July 16, 2012 § Leave a comment
“I worked at one company, Bain, for 25 years.”
- Mitt Romney, CNBC Republican presidential debate
- Source: video
- Context: Mitt Romney began working at Bain Capital in 1977. In this video, he states that he worked at Bain for 25 years, making 2002 his last year, not 1999 as he claims. Although he does go on to say that he left the company to work on the Olympic games, the math does not add up. If he did leave in 1999, he should have said 22 years.
July 14, 2012 § Leave a comment
“I reported directly to Mitt Romney…You can’t be CEO of Bain Capital and say, `I really don’t know what my guys were doing.’”
- Marc B. Wolpow, former Bain Capital executive, 2002
- Source: Boston Globe (through Politicker)
- Context: Romney claims that he left Bain Capital in February of 1999. However, recent documents filed with the SEC show that Romney was the sole share holder, chairman, and CEO of Bain Capital as late as 2002. His signature also appears in at least six documents filed with the SEC until 2001. With this new revelation, the Romney campaign claimed that he had nothing to do with the company or its decision making, and that his name being on the documents was a technicality. This 2002 quote for Wolpow appears to contradict that claim.