Mother Jones, the liberal muckraking magazine that was the first to publish the now viral “47 percent” video secretly recorded at a Mitt Romney fundraiser, is out with another video of the GOP challenger. This one, recorded back in 1985, shows a much younger Romney talking about Bain Capital. Here’s the quote that’s getting the most play so far:
Bain Capital is an investment partnership which was formed to invest in startups and ongoing companies, then to take an active hand in managing them and, hopefully, five to eight years later, to harvest them at a significant profit.
It’s unlikely that the video will cause nearly as many headaches for Romney as the last one unearthed by the magazine. But given how the business-jargony phrase “harvest them” may sound to non-MBA types, it no doubt provides Team Obama and its allies with more ammunition as they seek to rile up their base by portraying Romney as a greedy capitalist who put profits above all else.
Here’s the back story on the tape, via MoJo: “The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original).”