Romney's New 'You Didn't Build That' Attack Ad: What Do You Think?

"But did Staples’ expansion create tens of thousands of jobs? The answer is no. Why? Because when you consider the indirect, or second-order effects of Staples’ expansion, it becomes clear that as Staples expanded it displaced other retailers. That is, was Staples’ dizzying expansion fueled by an equally dizzying increase in the market for office supplies in the U.S.? Or did Staples’ expansion crowd out other retailers?

And make money he did — Mitt loads of it. For an eight year period starting in 1987, Romney’s Bain invested 22 percent of the money it raised in five businesses that ended up filing for bankruptcy and walked away with a $578 million in profit. Judging by the photos at the time, finding places to stuff all those profits became something of a joke among the Bain cohorts. Such a display of greed and excess that would make Gordon Gekko — the fictional cut-throat corporate raider in Oliver Stone’s Wall Street — blush. Romney left Bain with a staggering $4 billion in assets."

"It’s no wonder Wall Street lobbyists are lining up to throw campaign money Romney’s way today, by far more than any other presidential candidate. Mitt Romney is the poster child for the greed of Wall Street and excess of the 1%. A guy who made hundreds of millions putting profits ahead of peoples’ jobs is exactly the kind of guy Wall Street would love running things in Washington. Mitt Romney would let the Gekkos of the world go back to same greedy and reckless behavior that wiped out trillions in savings and cost millions of Americans their jobs.

Here’s a few examples of “stripping and flipping” companies — sucking cash out of businesses, laying off workers, and eventually hitting bankruptcy all while making investors like Mitt Romney even richer."

http://romneygekko.com/mitt