2 Minutes with David Corn: Breaking Down the Bain Video

The latest Mitt Romney video released by Mother Jones Washington Bureau Chief David Corn doesn’t address the “47 percent,” but it does reveal some uncomfortable truths about how the GOP candidate viewed his role at Bain Capital, the private equity firm he founded.

Speaking in 1985 at the 20th anniversary of Bain & Company, a young Romney said: “Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”

In two minutes, Corn breaks down exactly why Romney’s top priority at Bain wasn’t creating jobs or building strong companies. He also raises the question: What makes Romney qualified to do so now as a potential president?

Have an issue or a MoJo reporter you would like us to spend two minutes with? Drop us an email at dliebelson@motherjones.com.

Music by: Mike Smirnoff
 

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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