David Corn continues his series of scoops. In this unearthed footage, Romney explains the logic behind Bain Capital: not creating jobs but "harvesting" companies they take over:
This is not the "47 percent" bombshell. It just shows what Bain Capital was about: rewarding its shareholders by "harvesting" companies. That word is clinical. And look: there's nothing evil or wrong about Bain. It did what it does, it has had some successes and failures, and it's not a crime to make money this way. But it isn't business, as Romney concedes, so much as finance. And those who lost their jobs as a result will not be thrilled to find out that they were harvested for Romney's mega-rich Bain peeps.