A super PAC associated with Newt Gingrich has captured the rights to a half-hour video depicting fellow candidate Mitt Romney as “more ruthless than Wall Street,”according to a report in The Daily Beast authored by Peter J. Boyer.
“We’re going to release a short, 27-minute film that is well-documented, and tells the real story of Mitt Romney at Bain Capital—and it’s not a pretty story,” says Rick Tyler, an adviser to the Gingrich-supporting PAC, Winning Our Future.
The video was made by Jason Killian Meath, a former campaign aide to Romney during his 2008 bid for president. Entitled “When Mitt Romney Came to Town,” it targets Romney’s tenure as CEO of Bain Capital, a private investment firm.
At one point, a vintage photograph of Romney appears on the screen, as the narrator booms: “Romney took foreign seed money from Latin America” to exploit “dozens of American businesses” and the “thousands of employees that worked there.”
“A story of greed,” the narrator continues, “playing the system for a quick buck…. For tens of thousands of Americans, the suffering began when Mitt Romney came to town.”
The anti-Romney message may not resonate well with many conservatives who see the video as hostile to business, Wall Street and free trade -- criticisms that might be expected from the Obama White House rather than a fellow Republican.
“When Mitt Romney Came to Town” focuses on four case studies of Bain’s acquisitions— the key result of which was “spectacular returns” for Bain through “stripping American businesses of assets, selling everything to the highest bidder, and often killing jobs for big financial rewards.”
The Romney team responded via spokesperson Andrea Saul.
“Under President Obama, 25 million Americans are out of work, underemployed or have stopped looking for work. It’s puzzling to see Speaker Gingrich and his supporters continue their attacks on free enterprise. This is the type of criticism we've come to expect from President Obama and his left-wing allies at Moveon.org. Unlike President Obama and Speaker Gingrich, Mitt Romney spent his career in business and knows what it will take to turn around our nation’s bad economy.”
According to The Daily Beast, those familiar with the film hope that it will “strike at the heart of what they see as Romney’s chief vulnerability—the image of a privileged creature of capital, distanced from, and indifferent to, the travails of ordinary Americans.”
A Winning Our Future representative revealed to The Daily Beast the PAC has not yet firmed up how to use the film -- though it is expected to be widely distributed through the news media, now congregated in New Hampshire, as early as this weekend. Saturday morning, they launched a website, called kingofbain.com, showcasing a two-minute trailer from the video.
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