The Bain Capital debate
Barely a week after presidential candidate Mitt Romney's role as former head of the private equity firm Bain Capital erupted as an issue in the Republican primary campaign, there is a concerted effort by the media to bring an end to the discussion. The Republican front-runner made an estimated $250 million during his years as the head of Bain from 1984 to 1999. - Romney's rivals, Newt Gingrich, the former House speaker, and Texas Governor Rick Perry appear to have pulled back from denouncing Romney as a “vulture capitalist,” and testimonials defending both Romney and the leveraged buyout industry have proliferated. The major financial interests do not want a broader debate over charges, leveled by Gingrich and Perry in an attempt to revive their campaigns, that investment firms such as Bain make money by destroying jobs and robbing workers of their wages, pensions and health benefits. Wall Street rightly fears that such a discussion will only deepen the growing popular hostility toward the capitalist system itself.
AWIP: Devastating anti-Romney film surfaces - VIDEO