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A group of corporate raiders -- that.
The company was being can look and ruthless Clinton shouldn't.
Well that's just a taste of the film king of vein which are pro Gingrich super pack is now running in South Carolina.
While the -- -- supporters say they are raising legitimate questions about Mitt Romney's business record.
Much of a conservative establishment has come down hard on the super -- and Gingrich for attacking free enterprise.
Here to debate the issue are Rick Tyler senior advisor to winning our future the pro Gingrich group making the charges.
I'm from Florida Christian -- had of the conservative Club for Growth who has called the -- quote.
Tyler speaker Gingrich called on your super -- Friday either -- correct the inaccuracies of the after take them down your super pac.
Said that until Mitt Romney answers some questions you stand by the ads -- question wanted to do what the candidate you're supporting is asking it.
Well with the candidates said is that if -- inaccuracies in the and we would adjust them but the inaccuracies in the -- only Mitt Romney can answer those questions although I have some evidence here that.
Which is the -- he left -- he claims to have lesson in August of 1999.
His spokesperson said yesterday left on this and I -- -- But I have before me five separate SEC filings and I have many more that he was the CEO president of Bain Capital as late -- may tenth 2001.
So that would put all of these questions within the time friendly he says that he wasn't at being -- Let me put up what his.
His campaign said let's put it up on the -- This is the issue about the fact that he laughed in 1999 to run the Salt Lake City Olympic Games in his campaign issued this response yesterday.
At that time 1999 he gave up all management control and operational responsibility.
Over the firm and its investments -- you have these documents -- why isn't that statement they gave up.
Management control and operational -- -- last.
-- -- awful because you can't have it both ways you can't have an SEC filing which he's a signatory.
Which says he's the sole shareholder and has controlling interest in these companies.
That I have dvi right here dvi as it I -- -- know dvi dvi as one of the companies it's in -- you know -- you know it's under under its attack they -- is false.
He was a -- he was the sole.
He was in charge of Bain Capital -- -- may tenth 2000 and and one Swedish filed a false SEC report which had a -- did.
Or is telling the voters something that's that's not true so bottom line if -- Stand by the statement -- campaign made but he doesn't answer your specific questions and we stand by the film and you're gonna keep running with absolutely.
The audit by the way -- coo Glenn Kessler never challenge any of our as we get we -- to say Glenn Kessler is the fact check out of the Washington -- -- through Washington Post.
He also fact -- hyperbole.
-- we never made a statement how many homes Mitt Romney owns one woman who lost her home said -- doesn't look in the film it's thirteen but I think from.
She's had fifteen -- it it was a reaction it was hyperbole we gonna fact check hyperbole.
And and it's not none that we didn't include that and yet we we never rent would not relics and -- found out you're also running.
-- -- -- -- -- As I said you are on the record as calling debating attacked by the super packed at and Gingrich disgusting.
You also used the words economically.
Ignorant class warfare.
What's the problem.
Well the problem is that there -- in the morning future his super packed our presenting the same vision of free market capitalism that.
People like Michael Moore and President Obama offers they take if you facts snippets of information that they distort.
They take out -- contacts and then they reached -- inclusion that it's all like this that you offering our capitalism is nothing more than.
A much looting rich guys they get rich at the expense of others.
It's -- sad commentary.
It's an accurate and you know the reality is it free market capitalism has.
Has done more for the soul of the the human race than any other system and illustrated the highest standard of living and that's the that's the message -- every candidate presidential candidate on the Republican side should be getting not just distorted view that it's inaccurate it's been universally discredited.
And I think that it -- Rick really needs to take a look when it's been.
Criticize -- candy he's trying to help.
The person is paying for they had to distance himself the people in the film has said it's misleading and taken out of context there's really no reason or excuse to continue with this.
All right mr.
Tyler and I'm gonna give you an opportunity to respond but I want to ask -- question -- in that context because now.
You and speaker Gingrich -- and while we're just asking.
Romney to clear up the record but the fact is over the last week you've done a lot more than say just clear up the record you called them -- quote vulture capitalist.
And here is what -- Gingrich said this week let's watch.
He brought essentially it's.
Neighborhoods and leave behind a factor that should be here.
I understand that some of -- is investments went under but what's your evidence that they were looting companies.
We'll take TS -- still South Carolina they short of the pension fund 44 million dollars to federal government had to bail him out yet Bain Capital made seventeen million dollars in the deal.
I Anderson I have no argument.
With with capitalism vultures by the way -- good I mean I I agree with the with the that was a compliment calling him a vulture -- -- -- you have he's trying to claim niece's high flying eagle in the business world creating jobs and in fact.
You know Bain 30% of their companies went out of business and and in business you know there's winners and losers but -- banners sometimes you win and sometimes you win and -- all the in most of these in aid money and 90% of their -- that's good if you're running on the idea that you know.
Elect me for president decide to return great investors from -- investors -- than those few within.
He's running because he says the job creator and he's not a job creator he was the -- going in and dismantling companies in and destroying jobs that's part of the capital since not all the beef with that.
But don't tell me one thing when -- -- -- -- why shouldn't be surprising.
His record as governor.
Was just suspense around -- record as governor is running on jobs on I just all on disputing is his claim for jobs and all the sudden the pillars of capitalism are at risk is ridiculous.
Well let me bring in -- to call again how does have private equity company has been good or bad.
For the economy and and in your experience is Bain Capital and out liar is it some kind of bad actor in the markets.
Well yeah I do have personal experience with private equity my family's business was purchased by a private equity firm my ram that.
Company for seven years in partnership what are private equity sponsors.
We -- the company and profits and revenue and employment we ultimately sold that company to Berkshire Hathaway today is thriving and growing.
I think my experience is much more typical of the private equity industry than the distorted view.
There Rick offers you know he's not examining Mitt Romney's record.
He's offering fiction there's actually many things that conservatives should be concerned about Mitt Romney's record he go to our website your Club for Growth dot org and -- -- look at the white Paper that.
We wrote about Mitt Romney but his experience of -- isn't one of those concerns so he's indicting.
-- -- -- capitalism he's indicting the private equity business unfairly with distorted snippets of information.
And it's again it's been universally discredited he continues to offer this when his own candidate suggests that it's inaccurate.
And so I think that he asked to take a look and -- -- real record of Mitt Romney which there are things to be concerned about me.
-- -- -- let me pick up on this mr.
Tyler because one of the argument says that they're just and and we've heard this from this -- -- look there affection their inaccuracies.
The movie your product let's take one example from -- -- you know Mac.
Which was a company in Florida that made washing machines and I think it's the first big example you use one of four.
Let's watch what you say in the film.
The very very just left us alone -- in -- nothing in amendment and still they run around our home entertainment.
And still Arab.
Colleagues more than 500 employees and -- now.
Romney and bringing them into the company completed the blue Green room now that we're ready to make enhancement.
That's the key here is the problem without account of what happened that you know Mac and we've we've put up a timeline let's let's show what thoughts.
They bought the company you know Mac in 1990 day Romney left pane in 1999 you say maybe a little -- The -- sold the company in 2004.
It was the new owners the new waters a Canadian pension fund that shut down the Florida plant those folks are talking about in 2005.
Mitt Romney had absolutely nothing to do with the shutting down -- -- and that it.
If you if nip this document right here shows that Mitt Romney was part of -- his latest 2001 when he said he left into in 1990 don't sell until 2010 doesn't what he what they did and what those workers by the way -- you know I've I've reviewed the entire transcript of their.
There interview they were clearly talking about Bain was cheapening the quality look who -- the workforce but this is part of a pattern yeah.
What they say this or in fact and that the couple that you showed at.
a couple of you show Tommy and Tracy Jones say they got a 30%.
Raise while Bane on the plant.
And they say they were talking about the people who for years later -- down the plant they were not talking about Enron and also saying we will ever given money to do beginner.
We will be glad to release the entire transcript of their interview -- you only see part of it from the film.
And we'll be glad to release the entire video of the film and you can make a determination I determined they were talking about pain.
You can -- -- they've been talking about paying shutting down the plant when they sold the plan said a year before it was not sound like another candidate what they said it was I -- the -- had left us alone back in the early ninety's may be running engine that.
These are running as a fine company until what what what -- and Bain did typically was going.
-- companies -- debt taken as -- management fees so they couldn't survive in the long term.
So if they if they went out of business in 2005 it's because they -- -- but they know they just at the new waters move the plant.
And the business is still running they moved it from Florida to Wisconsin it's it is a typical exit you know Mac is a typical example like GS GSI steel which can be -- -- the federal government.
And by the way.
You know Chris -- not watch our movie because it starts out extolling the virtues of capitalism does not.
Saving capitalism is bad this is capitalism is because of this whole argument that we're -- this argument capitalism is baloney.
We got a couple minutes left the -- mr.
-- what are you aware that that Newt Gingrich was a member of the board of advisors of another private equity firm Forstmann little between 1990 -- -- out of bounds.
Why yes I was I've met ten enforcement and you know he's a wonderful individual and know the firm well from the mine works there and worked there for years.
I don't have a problem private equity firms let me ask you -- Let me ask about -- because exactly during the time that Newt Gingrich was there did you know that Forstmann little.
Invested billions of dollars into telecommunications.
And excel communications.
That both -- backdrop and that Forstmann little was sued by public employees' unions.
Pension funds rather in Connecticut and I'm sure if this -- -- -- -- ran for president that would be an issue the issue here is what Romney knows why but why was it -- for -- -- to be a part I don't horizontal level I don't have a beef with private equity -- I have a beef with Mitt Romney's record.
I have a beef with his record -- advice for all of your marriage on jobs on taxes why shouldn't be surprising -- -- -- -- the -- Of all people should want to know what his record is with jobs.
-- -- -- we do you think it's legit a legitimate issue that Newt Gingrich was a member of a private equity firm that invested in companies that went bankrupt people and that he was sued by based Connecticut.
Public workers find Chris this is politics people gonna bring up lots of different issues and trying to connect the dots.
But my argument simple.
-- -- says his job -- this is about jobs and South Carolina people ought to know that he's not a job created you know it in his most recent financial disclosure form.
Indicates that he still has money invested in force -- buyout and I hope that he makes and handsome profit.
But this is all about this isn't about that and you don't -- a contradiction no I don't -- that no you don't hit contradiction between the fact that Newt Gingrich.
Is invested in force men buyout funds and worked for and was paid by your -- here's.
And you're sitting here criticizing what what Mitt Romney -- thanks.
I think what -- and it's utterances are we if new set I created created help -- Millon million jobs I can back that up because while the speaker -- -- cradle -- million jobs.
And eleven million new jobs they paid off four or five dollars and billion dollars worth of debt they've also budget for years and the reform often that's a record to run -- -- -- -- -- -- -- -- He wants -- not to know two things -- record and his record.
At the very -- thirty seconds this -- a colleague to give you the final word.
Well I mean that's part of the fallacy the argument is the government doesn't create jobs a private sector does I don't know how many jobs being created that they created one job.
You create more sustainable.
Jobs -- grow the economy than the government does retire her retire bought this film he didn't make it he didn't do his homework.
He didn't determine the veracity -- if he continues to offered even though it's been universally discredited it's not an examination of Mitt Romney's record which should be examined.
It's simply fiction and that's the bottom line we're gonna have to leave it there mr.
Tyler thank you both for joining us we'll see how this plays -- -- South Carolina.
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