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Staples co-founder: Romney will be a great president

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    Tom Stemberg on Mitt Romney, attack on Bain Capital

  • Duration 4:31
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-- did you hear this.

Over a period of four years coverage of the policies that we've we've put in place we get the unemployment rate down to 6% -- perhaps the lower.

Political watchers describing that 6% prediction adds quote risky today but my next guest says -- governor Romney delivers on his -- one promises.

No risk at all.

Do you want.

President Romney immediately proves the Keystone Pipeline -- on the introduces tax cuts and reform.

The reward job creators present on the issues in order to begin replacing obamacare with a common sense health care was.

President Romney announces deficit reductions and if you'll only hear -- big government.

President Romney stands up to China on trade.

And demands that played by the news -- -- -- begins repealing the job killing regulations.

That are costing the economy billions.

Tom -- is the co-founder of the office supply chain staples and a surrogate for the Romney campaign -- joining us sir so tell -- sound.

In the lot there's lot discussion back and forth on Bain capital's role in staples we get this -- right front senator.

US co-founder of the company tell us what Bain and specifically Mitt Romney had to do with the success of staples.

Well Mitt Romney saw the value in saving and office products when many other investors did not.

Thus he led the first round in the financing of staples.

He serves a board member for -- fifteen years.

He helped us raise capital and help us expand and he was an invaluable advisor to -- -- Chief Executive Officer and having seen of that capacity.

Gives me great confidence -- what a wonderful president he's going to be.

-- -- just take us back to the day when when you needed being -- this is very important.

Company like staples says okay we have a good idea we we need to expand or we may just stay a small little company with a few employees you need to expand.

A Bain Capital steps in why would you take Bain Capital on as a partner.

Well as they became Anderson I literally have the choice of twenty venture capital firms to go with.

And the reason I picked Mitt Romney and his team is I thought they could help me more than anybody else could help me and I think -- made a wise choice because they did that.

Okay so let's talk about his 6% and predictions he said if if elected if he puts all his -- a policies in these economic policies.

He could get unemployment down to 6% within the first term -- great.

I do agree -- that moreover it'll be a real 6%.

Not one driven by driving people out of the workforce of the Obama administration did.

-- it's going to unshackled job creators like we have a venture capitalist today.

I helped create jobs.

And the Obama administration's done nothing but -- rules and regulations.

In the face of those of us who are trying to grow businesses.

It's furthermore he's going take away the uncertainties.

Of higher taxes.

The uncertainties of Obama care whatever that's going to mean for small and emerging businesses.

And by doing that allow them to invest more effectively target certain that I believe it does finally -- -- -- -- a very important point.

By balancing our budget and by solving the long term budget busters and Medicare and Social Security.

Is -- a great great confidence the American currency and that's lead foreigners to invest our country which would create further world.

Right so let me get to this before we're gonna run -- time I have to get to this though that the left is making a lot of DST steel -- 2000 in I believe 2001 or 2002.

And -- pad to companies that.

Frankly went bankrupt who may have had have something -- Bain Capital in their prior years in the early years tell -- should those job losses.

Be accrued to Mitt Romney yes or -- While the fact let's take the examples -- still come -- is a great example.

Had Mitt Romney and Bain Capital -- -- -- That company was shut down eight years earlier -- arm go officials said it exactly that.

So the fact that they injected money.

Kept jobs alive a lot longer than the what I have and frankly would've been shut down this Peter Lynch told -- the other day.

Was a time with 31 other steel company shut down as well due to foreign competition.

And guess from the stand up for far competition going forward is to -- president Mitt Romney.

Yes sir and I just need to point out that steel production US went from a photo -- -- 91 million metric tons to that time when we were doing about forty or 45 million metric tons got to leave it there Tom -- thank you very much.

Thank you.

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