Mitt Romney’s background as a yuppie corporate raider at Bain Capital in the 1980’s and 90’s is coming back to haunt him thanks to Team Gingrich’s newest Super Pac attack ads.
The new two minute trailer When Mitt Romney Came to Town teases a film that will expose the awful shenanigans that Romeny and his Boiler Room buddies engaged in during the 1990’s. Shenanigans that ultimately resulted in hundreds of working class folks across the country losing their jobs while the vultures at Bain Capital made out like bandits.
The story of Romney’s time in Bain Capital is old, but it is particularly distasteful and resonant with voters in our current economic climate. Bain Capital bought American Pad and Paper in 1992 and proceeded to “Bust Out” the company Tony Soprano style, until the whole corporation went bankrupt in 2001. Bain Capital bought AmPad, yet still charged them 2 million a year in consulting fees, and proceeded to run up huge bills in the company’s name that benefited Bain but not AmPad. By the time Romney and his friends had bled the company dry, hundreds of people had been put out of work and communities from Marion, Indiana to Buffalo, New York were ruined.
Now this isn’t a new story, Romney’s past as the King of Bain came up during his U.S. Senate bid in Massachusetts in 2007 and yesterday’s New Hampshire debate. The impression that he’s a big money Scrooge McDuck who doesn’t connect with regular people is already imprinted in the minds of most voters. Thus far however, the Massachusetts governor has avoided the kind of damning nickname like NoBama, Caribou Barbie, Dubya or Slick Willie, that really drag candidates down throughout the campaign season. With a little work and the right background music Newt may be onto something with this King of Bain thing. With a little re-write and Sting singing the chorus King of Bain becomes a catchy and extremely unpleasant nickname for Romney for the whole primary season. I can hear the radio ad now … There’s a little town where all the work has stopped, Romney and friends all came out on top … King of Bain! – He will always be – King of Bain!
This article originally appeared online at Politic365.com.