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Chris Stirewalt, David Mercer and Deneen Borelli discuss Mitt Romney's time at Bain Capital
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-- -- -- -- -- He'll give you the same thing he gave us.
You'll take -- all if that's not the American dream I don't know what this.
Those are two contrasting views on what in the financial world they call private equity.
That's where -- people come in with -- in trying to turn around struggling companies.
In order to maximize their own profits and when it works.
Leave a thriving company behind.
The first one as well it was from our priorities USA that's the pro Obama act that's running that bad echoing a campaign -- that's gonna start hearing tomorrow in some swing states -- limited by from the Obama campaign attacking Mitt Romney.
For making money even as Kansas City bold.
Do good as it died and then that's contrasted with -- steelworker from Steel Dynamics that was a nonunion operation they got started at Fort Wayne, Indiana about the same time.
With the help of Romney's firm that is now thriving and surviving with some success and workers.
So private equity has become an interest saying my point of discussion.
For this campaign so let's talk about that was one of your dear friends Internet David Mercer.
He's a former deputy national finance -- the Democratic National Committee.
Is it dear friend of this telecast Internet telecast and he's -- democratic strategist and please welcome for the very first time in her maiden voyage.
On the dominant political telecast of the 1130 half hour on the Internet -- -- -- -- She is a Fox News contributor.
She you can read her columns at the daily caller she's a woman of the right we welcome you -- thank you very much press.
Okay so well let's start with you since you are this is your first time and you're far away.
So Mitt Romney.
Is trying to turn the tables on President Obama.
Who is coming out -- these attacks on what happened at the former Kansas city bowl and I can't remember what they called the company when they restructured it but it was a venerable.
Hundred year old steel plant.
Out here are you a union shop at Kansas City trying to turn the tables.
But these ads are are pretty rough.
On a governor Romney.
Well even Steve Rattner Obama is reformers are even said that these ads were unfair.
-- -- what else is Obama going to do he -- run on his record so he's going to use he's gonna play the class warfare he's going to try to pick those who are wealthy vs those who are not.
Wealthy and it's I don't think this is a strategist really gonna work for him but it just shows how desperate.
He is and how desperate his campaign is because what he's also doing is dividing his base he's dividing.
The black voters who have religious values vs those in the gay community is that he's dividing.
The environmentalists against the unions so he's very divisive right now with his very own base and at this point during the election he should be running towards the middle.
To gain independence support but he's not doing that.
-- I don't know that you can see the arches David -- eyebrow.
Yeah I guess rather rather pronounced.
David what do you say.
I -- that couldn't be further from the truth and Steve -- with regard to his comments regarding it's was commenting on the fact.
That what may be unfair it is that it's your holding him accountable as a holding Romney accountable for creating jobs.
When nowhere and I even went up on the Bain Capital blocked or.
Web page today and no word isn't even mentioned that their mission is so -- it is to create.
Value for investors period the end and to oversell.
Which is what Romney is doing the fact that he is a job creator.
One when you look at his record in Massachusetts is state ended up under his leadership being 47 out of fifty states when it comes to job creation secondly that what we see with Romney is and -- going your class warfare.
Statements what you see with Romney is a guy who won't release his tax returns because we know already that.
Thirteen point 9% as the great that he's playing well below many what -- many Americans -- which is subsidizing his safety net but asking everybody else to cut their safety net in the name of budget cutting when in fact his is not on the table what you see and Bain Capital is they're making money at the expense of labor not having them at the table -- -- negotiated in a movie ended and only just but I'm just saying there's a lot of inventory for us to bring up with regards to what is the practice of Romney and what has.
On the ended up in a class warfare not us starting it we're only laying out the facts when it comes to Romney the record is very clear record of.
Black to mean the president though is it a little bit of -- squeeze now.
He.
The same day that this with the day before this ad.
Was to start hearing he was actually raising money from people in the same industry.
As governor Romney.
In and actually one of his top -- blurs.
Is a dude who happen to be CEO of a firm called Bain Capital at the time.
That that the old Kansas city bowl win a couple of do you think that you can make that do that the right can make it -- -- charges stick on this to the point that Obama has to be concerned about using the argument.
Oh absolutely he's been very hypocritical because I as a as a sub before its class warfare he is taking money from those who have wealth.
Who would try to support him and he is demonizing them on the other end of the spectrum want to get their money and let's talk about jobs you know Obama failed.
As a venture capitalist he knew he wasted our tax dollars for the stimulus that kept unemployment much more higher than what it should be today.
Let's talk about is deplorable energy policy where there could be job creation like what the Keystone Pipeline for example he picked the environmentalists against the unions what that -- -- that's the question here is.
Is can Republicans effectively turn this back around on the president in order to mitigate.
Obama's use of the -- angle it do you think that's I think can be made -- -- Or is that something it's gonna get sort of run out.
I do think this can stick because -- Obama has nothing else to play but the class warfare he's trying to -- those who are wealthy vs those who are not wealthy.
Class warfare do.
That -- that it is absolutely not the case and we see that in the face of Warren Buffett.
On if you if you want to talk about capitalism which we all believed it and to question our commitment to capitalism would be erroneous.
And in fact.
With Warren Buffett you have a person who if anybody is going to be called a capitalist it is -- -- but who will say that he should not like Ronald Reagan -- a bus drivers shouldn't.
Be paying more taxes then a CEO and nor should warm both should be paying more taxes and his secretary and -- capitalism and then there's crony capitalism.
Buffett practicing at capitalism that gives everybody a fair hand.
On Romney practicing -- capitalism that is at the expense of others.
Which one do you -- be a party and those that are funding.
The campaign for Obama are doing so with the hope that we get a balance the playing field and then capitalism just -- -- at the expense of -- that's the hypocrisy question it's not hypocrisy because he has inning when he saw this yeah it is getting money from those.
Blue.
Have people who are part of private equity Steve -- there was private equity Warren Buffett is private equity.
But it is not doing it -- with crony capitalism.
Like Romney practice or.
Pretending -- could be something that it isn't the name yeah a couple of Scott Barrett will I'm sorry we have to go you've got you've got the short end of the stick got this I hope you'll come back -- make it -- tonight I'm gonna you'll get -- -- and in the end OK okay yeah that's just piling on in the -- -- -- -- -- first -- to -- We're really -- he made time -- there is being reviewed we have to go.
