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The Freedom Fighters analyze why Mitt Romney’s record at Bain seems to be a liability in his quest for the White House.
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-- -- Yet another Republican is joining Newt Gingrich and far left and the people in the far left including people like -- -- -- -- attacking Mitt Romney's work.
A private equity firm Bain Capital.
We'll look at this -- from Texas governor Rick Perry take a look at this.
How Iowa Republicans have a crucial decision -- street -- we choose Mitt Romney Wall Street he made millions buying companies and laying off workers.
Are right so we ask our freedom fighters since what -- private equity background become a liability.
For Republican candidate.
Don't Republicans believe in the free market anymore acting capitals -- -- -- senate democratic strategist correspondent Fox Business energy analysts.
Lynn joins us now so split the film I think it's going on here Phil -- I'm I'm what I'm turning your proposal is going on is essentially getting of getting a big fight going on over Mitt Romney's background and private equity and I think that's -- I don't know I should -- that he basically has created job losses.
And has hurt the US economy because private equity are basically asset strippers -- resize restructure companies what do you make of the attack on them.
I think it's ridiculous I mean the basic Tenet of capitalism is to make businesses more effective and I think that's what Mitt Romney has done and his business.
Listen when you've got unsuccessful businesses.
You know they end up going out of business and we you have to do is you have to go when you have to retool leased businesses.
Especially over the last decade I mean the competition globally has been absolutely unbelievable and these companies have to get leaner meaner and you know it's not a question of -- you -- cutting some jobs eventually nobody will have a job if you don't work on this.
All right there's a distortion here -- Lindsay -- that.
Out there in -- -- about Mitt Romney's record look at these companies that Bain has helped fixing gonna see in their Warner Music Group Burlington Coat Factory.
Burger King Staples.
But also the weather channel.
So you know it's not just that they you know the slamming but people -- laying them off by doing that they're doing -- fixing.
Companies are actually help.
Think -- -- -- the company survive in these are some big -- so rather than issuing an apology or an excuse he should be taking pride in the fact that he turned these companies back into profitability.
Now of course in some cases that does result in layoffs but this is a capitalist fundamental.
Issue and this is a dose of reality that specifically the public sector needs to realize companies failed job turnover happens now from -- political standpoint that's difficult to sell but.
Again allowing the free market to.
Dictate the flow of capital our neighbor Chris -- is Diana getting your -- before you jump in.
But the Boston Globe newspaper looked at Mitt Romney's record at Bain Capital and about 2007.
They could they said nobody come come down either way whether Bain Capital under that would Mitt Romney was their created job losses because Bain Capital is a private company so afraid to say otherwise is a real fallacy at a real fabrication -- I've been on many political campaigns in my career all's fair in love war and politics.
And he's gonna have to answer those questions that said I thought -- answer last week at the debate was actually very very good and I think that's the reason why you're starting see people reexamine his candidacy against.
Newt Gingrich and maybe that's why -- fallen a little bit.
And and polls rising a little bit and -- is kind of maintain that momentum that 44 point 5% his answer was find he's gonna have to answer the questions and are attacked by the general as we -- and in the -- it's.
Good point you make then -- -- can turn to still plan and here's the next question I want that seem to tackle here the best economic plan of the GOP candidates annually -- -- what do you think.
You know I want -- -- -- Gingrich's play income of the bottom line is to support gonna get out of this mess we're in we're gonna have to let the private sector do it and get government out of that.
What are we gonna do that.
Cut corporate taxes get the taxes -- put the money back into the hands of corporations.
People enough to realize.
The problem using corporate America in this problem that's the solution and I think Gingrich is only.
Candidate that have -- -- and I think on flimsy Lindsay stay with me for a second because I -- to hear from the amen corner.
From the you know -- and the Democratic Party.
That you know trickle down a -- comics work is that this government can tax and raise.
And then sees the money back into the system that will have whenever they want to create jobs and that's the way to incentivize companies create jobs right no of course hours -- seen the exact opposite the government is the most inefficient alligator capital and -- -- What we want to do is free up that capital for the private sector to dictate where the most efficient location -- But that being said Gingrich -- plant only got back from eight.
From a growth stamp what -- you're gonna die and they can't go ahead.
It's -- -- their plans they're all the same plant -- they're -- Sometimes have a lot summarize the -- at liberty.
I'm -- I've looked at a growing -- note I've looked at all -- they're all the same plant let's cut taxes on the rich and an aunt and if -- -- There -- a lot of modeling and that creates jobs in America would you know that you're very Smart is demand annually if demand is you create jobs for the working class.
People I -- -- -- not the only way there's also a -- -- that you -- companies and -- disagree -- going to grow businesses have to start up and don't allow governments to do that they're not gonna claim that job -- Ireland the Ireland cut the corporate tax rate 95 and grew seven more than 7%.
Right off.
OK Simon all right yeah absolutely isn't it I mean in a way at that would I would look at the United States under Ronald Reagan.
I look at the job creation we had the greatest job creation from the eighties throughout the ninety's and that's really what 7UP reliable and it's tax and I don't want taxes -- over the IR I hear argument you would like to attach rates at 100% allow the government to fully take.
Our capital into that we look like North -- I think I think the fact I think that that -- homeland Liz your family's heritage land -- if you -- -- if you look at -- right now it's gonna leave all their economic well you know why hasn't had a housing bubble OK we got to leave it there.
You know we haven't had a housing bubble it's all about the same things all it's all interconnected real that we're happy bunch here Merry Christmas to you are you gonna think.
A little bit later on concern.
