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CNBC Analyst: Bain Capital ‘Fired A Lot Of People’ To Get ‘Prosperity For The Rich’

By Travis Waldron on May 20, 2012 at 12:36 pm

"CNBC Analyst: Bain Capital ‘Fired A Lot Of People’ To Get ‘Prosperity For The Rich’"


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The private equity firm co-founded by presumptive GOP presidential nominee Mitt Romney “fired a lot of people” to get “prosperity for the rich,” CNBC analyst Jim Cramer said during an appearance on Meet The Press this morning. During a panel discussion on the effectiveness of an ad from President Obama’s campaign highlighting Romney’s past at Bain Capital, which bankrupted nearly a quarter of the companies in which it invested while making billions of dollars, Cramer said the firm’s past earned Romney a reputation as a “job destroyer, not a creator.” Watch it:

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