Jon Stewart Takes On Mitt Romney's Bain Capital Credentials (VIDEO)

Ahead of Mitt Romney's big victory in Florida Tuesday night, Jon Stewart took a moment to break down the GOP candidate's private sector credentials, specifically his time at Bain Capital, on "The Daily Show."

Now, just because Bain Capital sounds like a Batman villain doesn't mean it's an evil corporation, right? Giving Romney the benefit of the doubt, Stewart looked at some of Bain's best buyouts, like a contact lens business they revamped and made a $300 million profit from. But not all the companies Bain "helped" were as lucky, such as Dade International, which went bankrupt after Bain bought it out -- and Bain still made $345 million dollars.

"They get it anyway?" Stewart said, confused, as he tried to understand and explain leveraged buyouts -- you know, that thing where you buy a company with borrowed money and then use the company's assets as collateral to pay yourself back (more than you owe) and sacrifice the company to the lenders.

The whole thing made Stewart pretty uneasy, but that's not really a surprise considering that Romney himself advocated against the same thing (on a smaller scale) at a campaign rally. Stewart was amused by the contradiction:

"Mitt Romney's pitch to Americans: Elect me as your President! I have 25 years business experience doing something this country should never, ever do."

Watch the full segment above.

Also on HuffPost:

Comments

[cobobs]

09:48 AM on 02/02/2012

Thanks Jon Stewart, for doing what the 1% media refuses to do.

[canoeboundaryh20]

09:12 AM on 02/02/2012

Once again Jon nails the truth.
Mitt is all for the 15% capital gains tax but he doesn't even use his own money
for his vulture capitalism.

[luziannagirl]

08:50 AM on 02/02/2012

Mitt Romney is a Vampire Capitalist.

He sucks the lifeblood out of companies until they are nearly dead, and then moves on to the next one.

[luziannagirl]

08:46 AM on 02/02/2012

Anyone who's bought a Sealy mattress in the last few years knows what Bain did for that company!

(And so does your back)

[oneleg]

08:00 AM on 02/02/2012

How can people even vote for this dog

[GODZILLA1]

08:46 AM on 02/02/2012

I would vote FOR his dog rather than him.

[luziannagirl]

08:50 AM on 02/02/2012

Just as long as that dog is yellow, right?

[BLACKCAT66]

07:25 AM on 02/02/2012

I will never understand why in the world 'conservatives' seem to think that Romney was a 'good' businessman or why they think that someone so selfish and greed driven is the kind of 'businessman' that we would need running the country...or heck why they think running the country like an exploitive leverage firm is the way you would want to run a country. I suspect it's becuase a) most people that call themselves 'conservative' don't really have a clue what that term means and b) they are just not that bright.

[earlgray1787]

06:37 AM on 02/02/2012

Obama or Romney ... this add is approved ... by the Bank's.

[ChicagoBob]

03:11 AM on 02/02/2012

I seem to remember that Bush II billed himself as a successful business man who would bring his expertise to the White House to manage the country's business.

That worked out well. Oh, maybe not.

Let's not do it again, America. Please.

[luziannagirl]

08:53 AM on 02/02/2012

Yes, and would have been really nice is if the news media had done their job and featured some in-depth looks at just how successful a businessman W actually was.

Funny how that never happened.

[signgrrl]

04:05 PM on 02/03/2012

yeah. "funny".

[Terri Skau]

03:01 AM on 02/02/2012

Damn he is a very good "Con-Artist" and he definitely knows how to sell his BS. That's why I love Jon and Steve so much...They just call them out on it...:-)

[lastmanstanding99]

01:44 AM on 02/02/2012

Just makes me wanna...Dance!

[fakeprince]

01:32 AM on 02/02/2012

In other words Mitt was running a scam.

[Upperleftcoast]

01:23 AM on 02/02/2012

Mitt's "carried interest" scam: how the 1% rigs the game, and plays us all for suckers:

http://rantcaster.wordpress.com/2012/01/30/the-carried-interest-con-mitt-romneys-capitalism/

[SnapShots]

01:12 AM on 02/02/2012

Mitt is a shoe-in ... to lose. America will never elect a man like this.

[SonnyBono]

03:20 AM on 02/02/2012

Don't be so sure - as they say, no one ever went broke underestimating the intelligence of the US electorate. Seriously, ever wonder just exactly what a "mitt" is - well, I'll tell you - its a pavlovian chameleon that changes position and color at the slight sound of a ballot being touched - the North American variety is a blood sucking parasite that lives on the bodies of otherwise healthy organisms.

[luziannagirl]

08:56 AM on 02/02/2012

Ah.....are we living in the same America? Because MY fellow Americans elect and re-elect plenty of bozos FAR worse than the Mittster. Oh, I can see Mitt getting elected. After all, W was elected. Worst President in American history, by far. I guess the good thing is, chances of ending up with someone that bad are pretty slim. If I could go back in time and was given a choice of W, Mitt, or Newt, I'd pick either of the latter 2 in a heartbeat. Just which. Probably Newt, oddly enough.

[Shouterguy]

12:02 AM on 02/02/2012

The leveraged buyout of America picks up pace.

Dig deep, middle class.

Dig deep.

[HCLiberal]

11:47 PM on 02/01/2012

Brilliant!