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Gov. Jennifer M. Granholm

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Why Bain Capital Matters

Posted: 07/12/2012 11:30 pm

There's a reason why stories about the hollowing out of the middle class resonate -- and why it resonates in this presidential election. It's deep. You probably know someone who has lost their job -- I sure do. It's not just blue collar workers. Everyone is vulnerable.

The middle class workers who have had the rug pulled out from under them by changes in our economy aren't slackers, they aren't looking for handouts or freebies. They did everything they were supposed to do -- study, work, save -- and now, they just want jobs. They want the dignity of work. They want to contribute to the economy, their families, their communities. But they can't. Their prospects continue to fall, even as corporate profits and stock indices soar.

Those who've been hit have had to clear out their desks, put their homes on the market, move their families. In many ways, they've lost their very identity.

It's why the issue of outsourcing at Bain Capital matters in this election. Today, "The War Room" and Current TV have uncovered further evidence of Mitt Romney's lies about the extent of his ties to Bain after 1999. Mitt Romney was the President, CEO and sole shareholder of Bain Capital when it inflicted this kind of pain on thousand of regular people. His Bain Capital took jobs away, closed companies, devastated communities. And to add insult to injury, he made millions off those empty desks, foreclosed homes, displaced families and shattered dreams.

That's why he's fighting the outsourcing charge tooth and nail -- precisely because it hurts so much.

Click here for an explanation and download of the newly uncovered documents that show Republican presidential candidate Mitt Romney was active in Bain businesses long after he said he'd left the company. "The War Room with Jennifer Granholm" airs weeknights at 9/8c on Current. Follow Jennifer Granholm on Facebook and Twitter and "The War Room" on Facebook and Twitter.

 

Follow Gov. Jennifer M. Granholm on Twitter: www.twitter.com/JenGranholm

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