hostess shows us clearly what bain style predatory capitalism is all about big bucks for the very few rich executives layoffs and poverty for the workers in their communities and don't mourn the loss of post as brand so what will i do without my twinkies they will be back become pretty is currently negotiating with over one hundred potential buyers right now to bring twenty in wonder bread ning dongs back into the marketplace the hostess story really has nothing to do with the unions it has everything to do with the enron is ation and the bain is ation of the american economy in classic and riles and ron style back in two thousand and five hostess sent out a letter saying that they had a very very profitable quarter stock jumped up c.e.o. charles solvent and many of the senior executives sold chunks of their stock nice profit c.e.o. and senior executives are making how big the workers were making a decent living at that time one of the hostess workers my kamel blogging as blue barnstormer over at dealey code noted that he was making forty eight grand a year a bit over the us median in

and what happened with bain and the attacks on bain and thus on romney is that people make links, emotional, bain, they took the factory, and then someone else took my house and other forces are taking my children's futures. >> right. >> and when sandy occurs, that's part of it. you know, my house is gone. part of my life is gone. the emotional lives of voters, they completely missed. >> did they run this thing in a glue factory where it made them light headed? >> you wonder, what did he manage and what did he ever consult upon? >> the funniest thing was when he got attacked on the bain stuff, you had the president's team and the democratic super pac doing these ads that had workers hurt by bain and the romney campaign's response to that was not to go and find other workers who would attest to bain and its management but talk to ceos who would say mitt romney was a great guy. now there is -- you can't imagine a more ham handed response to that. >> coming up, the most thought provoking must-read opinion pages of the year. and later what would lincoln do? our interview with director steven sp

rst'e a'st poalin ev se l spttd baines t otand nu tinjudd pa w, e fr basthtm frr. norog ee d in l, ha deoume m athejaas e-meak neittenf as. s eda enal en couy. ly n g y m-seas. si ala lrene d mand s ins e orile t s . wihejau'av ieimb, teicanrb cd ale . atheja m-seas. , "io cng d cng o iowaanrs aronr ethe trer t idi tor cr. lyjaeru io cngyon t ar s, sco riin snoict r t-insh 's n'sri owki neitteak lyjas st baouss foi s htht. alge, nicog emes fne tiavwao cotelis s er ea. hoess ofin voonapnc th noerli iur kin thcrf le sieaatbi acatm bo reeaom s p r-edam jer alr s u 5 fa aitss all oot n f clup >>s a instas coteha tay coinfo fy. ifr s oui ansy frfnd al tyo gt >>s vet'st , ate, a owket'erng ghre tinasn ns 'sn tvecu methtcbyf. >>anuperne ul by er loheja ancstuno aboumaleer ats tre a instn ken solyk- ininiszi50 res tisrad tong fy th nd dr e d a. ths woidunf e a instit efi ic, o foet'sgooo stanepe a, mo ored -sng bout w fbl is oe ved wo anw,e'njc. chprt va r. [.. >>e twmmros nicog emve t, d wtoe g otsdon nns . st-peaki hewe yt iep, ed evtoint po lep as ndbl iw re r , yoilnt

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links, bain.y took the factory, and then someone else took my house. and then other forces are taking my children's futures. and when sandy occurs, that's part of it. you know, my house is gone. part of my life is gone. >> you're right. >> the emotional lives of voters, they completely missed. >> did they run this thing in a glue factory, where the fumes may have made them lightheaded. >> he's a management consultant. you wonder what did he ever manage and what did he ever consult on? >> when he got attacked on the bain stuff, you had the president's team and the democratic super pac doing these ads who had workers who had been hurt by bain. and the romney campaign's response was not to find other workers who would attest to romney's management, it was to find ceos who would talk about how great a guy he was. you can't imagine a more ham-handed response. >>> coming up, the most thought-provoking must-read opinion pages of the year. and later, with what would lyndon? our interview with steven spiel

ready for those bain ads. found it inexplicable they didn't have a comeback. he defined him on the auto bail out, on tax returns. >> bob, you taught them the lesson that first time. they should have been ready -- bob shrum, i'm out of time. always an honor to have you on. have a nice weekend. john, you're always welcome here, sir. >>> up next, something else that won't help republicans out of their mess, u.s. congressman louie gohmert is out there suggesting the obama administration is in cahoots with the muslim brotherhood. who is buying this malarkey? malarkey is a good word. this is "hardball," the place for politics. >>> back to "hardball." now to the "sideshow." first, after president obama and mitt romney got together for their post-election lunch yesterday, jon stewart reflected on the event with help from the '80s movie "coming to america." >> the event was actually closed to cameras, but we have some footage of governor romney arriving to the white house. i believe that's him there, and then he's gett

. >> reporter: at number nine, bain. not that one. that one.as soon as romney had locked up the nomination, his former private investment firm, bain capital, was sacrificed by the super pacs, and the obama campaign. >> they sucked the life out of us. >> reporter: the attack ads put romney on the defense for months. >> there is nothing wrong with being associated with bain capital, of course. >> reporter: romney vowed to strike down the health care law himself. >> i am that one that is going to get rid of obama care. >> reporter: at number seven, gas. >> governor romney, do you feel the gas over shadowed the foreign trip? >> reporter: the candidate's missteps dominated. or in romney's case, the entire foreign trip, whereporters. >> this is a holy site. >> reporter: then at number six, the conventions were remembered less for the nominees and running mates, and more for. >> what do you want me to tell romney? he can't do that to himself. >> reporter: the warmup acts that stole the show. >> we believe that we're all in this together, is a far bett

change changes in the tax law that went along with that created the possibility of companies like bain even existing which would not you know their business model just what was would have been possible prior to the night prior to the reagan administration is is it possible that we're seeing the that were that were kind of pre response i mean i haven't seen anybody come out and say let's start enforcing the sherman antitrust act in fact the the f.c.c. right now is talking about you know allowing greater media consolidation. while i agree with you tom sort of on two fronts first of all i think you're absolutely right to talk about reagan i think that you know the past thirty years which is the period when we have seen this extreme increase in income and equality you know my own view is it is driven chiefly by these very big economic transformations but hamilton had with those economic transformation has been a political revolution it has been you know a political revolution heralded by reagan and thatcher and that was a revolution about deregulation about liberalization about privatizati

>> bain is an example of the extraordinary creativity of american capital markets. ask yourself, why should we create so many new companies that eventually become big companies in western europe or japan? the reason is diversity of our capital markets. so bain capital go win, turnaround companies come and get good returns to pension funds for customers. public pension funds are the biggest in company pension funds and nonprofits like universities come individuals way back. so is our ability to get these, sufficient capital markets that enable us to get 50% of her time higher growth rates in europe. seelig hit europe. i do want to bore your viewers with them members but american banks lend american companies rate now about $1.4 trillion from europe that number is 6 trillion, even though the european economies as a whole are about the same size as the u.s. which you call bonded debt, or come in a skit involved in commercial paper, bonds and other sources. five chilliness country, only one in europe. that means europe is top-heavy with banks. but that means is if you'r

being illinois excuse me being taken apart by bain capital and literally shipped brick by brick it overseas to be to be that manufacture things and the workers tried to buy it it was a profitable enterprise they tried to buy it and bain said no we'll make more money running it overseas there wasn't a legal apparatus for that so the situation in argentina in some of those situations the details are different in each of the hundreds of companies that are in some of them the company had borrowed money from the government for example and then ran out on the it didn't pay off the loan so then the workers would say listen give us a chance to get it going again we can make a go of it these guys just ran out on the money that they owe you. they can't do the same again so the circumstances worse were somewhat different in that you know and then there was the the other piece of it is that in two thousand and three a new president was elected who in my judgment is similar to franklin roosevelt in our country and he sort of said to bankruptcy courts into the judges and so on back off give these compani

. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage foundation. don't cry for demint. the out-going president of the heritage foundation made $1.1 million according to 2010 tax filings. demint will do just fine. it's not just about the money. the senator realizes he could be more effective for the conservative movement if he's not attached to the dysfunctional party known as the republican party. in a statement, demint said "i'm leaving the senate now but i'm not leaving the fight. i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas." he was more to the point on cnn earlier today. >> this will give me the opportunity to help take our case to the american people and to translate our policies into real ideas.

ready for those bain ads. found it inexplicable they didn't have a comeback. they defined him on the auto bail out, on tax returns. >> bob, you taught them the lesson that first time. they should have been ready -- bob shrum, i'm out of time. always an honor to have you on. and john, you're always welcome here, sir. >>> up next, something else that won't help republicans out of their mess, u.s. congressman louie gohmert is out there suggesting the obama administration is in cahoots with the muslim brotherhood. who is buying this malarkey? malarkey is a good word. this is "hardball," the place for politics. >>> back to "hardball." >>> back to "hardball." now to the "sideshow." first, after president obama and mitt romney got together for their post-election lunch yesterday, jon stewart reflected on the event with help from the '80s movie "coming to america." >> the event was actually closed to cameras, but we have some footage of governor romney arriving to the white house. i believe that's him there, and then

i mean it's clearly that you guys struggled against this bain criticism throughout this campaign. >> no, we did. and he struggled against the economy throughout the campaign. and he struggled against job loss throughout the campaign. campaigns always have struggles and they're always this tug of war. >> rose: the economy was there. the question of his definition you could have affected and i'm not sure what more he could have done during the campaign about the economy. you could have done something more about the definition of your candidate and telling an american man -- >> listen, mitt romney is a wonderful individual. and extraordinary. >> rose: he think the country got that. >> i think some people did and some didn't. well we lost so you know. the problem with losing a campaign besides losing is that there's always by definition whatever you did you didn't do well enough. so because the opposite reason you do anything is to win. >> rose: what about your convention. did that go the way you intended it to go? >> we thought it was going to be four days not three days. and that had a

ready for those bain ads.ound it inexplicable they didn't have a comeback. they defined him on the auto bail out, on tax returns. >> bob, you taught them the lesson that first time. they should have been ready -- bob shrum, i'm out of time. always an honor to have you on. and john, you're always welcome here, sir. >>> up next, something else that won't help republicans out of their mess, u.s. congressman louie gohmert is out there suggesting the obama administration is in cahoots with the muslim brotherhood. who is buying this malarkey? malarkey is a good word. this is "hardball," the place for politics. okay, now here's our holiday gift list. aww, not the mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go to the mall. hey. hi. y'know, holiday shipping's easy with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. yeah, i know. oh, you're good. [ laughing ] good luck! [ male announcer ] priority mail fla

thanks to bain capital, santa's workshop is moving to china. what? >> still the bain of mitt's existence. >>> up next, the benghazi report, hillary clinton's state department is getting the blame for bad management and inadequate security. that's ahead here tonight. this is "hardball," the place for politics. >>> here's what's happening. three more small caskets as funerals were held for young students. paul simon sang at her funeral. meantime, sandy hook survivors won't return to school until january. an old school building will be >>> welcome back to "hardball." a damning new report from an independent investigation on the september 11th attack on benghazi in benghazi. criticizes the state department for quote, systemic failures. overall the report takes the department to task for failing to provide better security in the run-up to the attack. in the wake of the report, three state department officials have resigned including the assistant secretary of state for diplomatic security and his deputy. here's what the chairs of the investigation tom pic

was shipping american jobs over to china and the one from an obama super pact that seemed to blame bain capitol and mitt romney. let's look at the ones that might have slipped your minds. >> half the people are euthanized every year, half of those people are euthanized involuntarily in hospitals because they are elderly and sick. so elderly people in the netherlands don't go to the hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary euthanazia in the netherlands. you will find no facts. >> the word is out that he hasn't paid any taxes for ten years. let him prove that he has paid taxes because he hasn't. >> reid said he got his information from a former bain investor. but without any concrete evidence or further explanation, he was awarded the maximum number of pinochioes. led her to take her own nachl out of the running for secretary of state. her opening line for an event for u.n. correspondence last night, "my talking points for this evening h

bain was an issue. 2002, bain was not as much of an issue, but he made a pretty big declaration there firm in '99 to go to the olympics. so he was setting down a mile marker. he ran in '08. the economy tanked. he was planning to run in 2012. his sole credential was his experience at bain. he understood the economy, he knew how to fix the economy, but they never figured out how to tell that story. you know, the attacks came, telling what we would call the real story behind bain, was never countered. in any way. >> what would be the counter? if you're playing for the other side, what's your eideal counte? >> exactly. there were probably hundreds of deals that mitt romney was involved in. and you know, it's a presidential campaign, so your opponent picks out just a half dozen. >> give me your counter. right now, you're reporting on tv. >> that's kind of awkward. >> it's easy. let me try -- >> okay. >> he did it during the first debate when he did so well. and i think it was his best moment of the campaign where he goes, i've been in business for 30 years. i have no idea what you're talki

were there legitimate issues about bain and romney's business practices? i really believe there were, and it goes to the larger debate. if you outsource jobs and cut benefits and destroy pensions -- profit off of bankruptcy's well workers lose their pensions and their jobs and benefits, is that a -- it may be a good practice for you. is it a good policy for the country? no. there were legitimate issues, but that was not one of them. that was not an appropriate ad. but look -- to your broader question, this was a very tough election. it was tough on both sides. romney, more than 90% of ads run in the primary were negative. he did not change his habits. so we had to make a case as well. we spend a lot of time and money, especially during the key period, really trying to define romney. we did. just to get the sequence -- we spent a month in the battleground states running positive advertising about the president. that is how we began our media campaign. >> the thinking they're being -- shore up the narrative and the accomplishments. >> yes. we thought we had

bain capital, on the other hand, it appears to me were vulture capitalists all too often.et confused for a minute that barack obama and his team wouldn't attack mitt romney on that during a general election if he makes it that way. so if anything else, we're doing mitt a favor by exposing him early on so that he can either figure out how to defend that or, more importantly and better from my perspective, he's not the nominee to begin with. >> rush limbaugh did call a law student a slut and a prostitute for wanting to have insurance covered for her contraception. i presume you wouldn't view what as absurd or entertaining, you'd view that as pretty offensive. >> of course not. of course, as i said before. i want to spend my time talking about how we can grow the economy. what i'd like to talk about which is offensive, which is governor romney out there for almost a year telling the people in the republican primary that he never advocated that romneycare would be a federal model, that he never advocated for an individual mandate that government at the federal level require pe

today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if east serious, to come back to us with a counteroffer. >> not a no on the rates going. up thing. john boehner didn't answer the tax part of the question at all. he talked about the phone call. it was pleasant. he didn't say we did not allow tax rates to go up at all. you see the deal that's taking place. a lot of the players i talked to think something like this is going to happen. the final rates raise a bit giving democrats a win. giving republicans a win. maybe they will be 37%. maybe 38%. that w

let's listen. >> when mitt romney and bain closed the plant, i lost my health care, and my family lostheir health care. and a short time after that, my wife became ill. i don't know how long she was sick. and i think maybe she didn't say anything because she knew that we couldn't afford the insurance. and then one day she became ill, and i took her up to the jackson county hospital, and admitted her for pneumonia, and that's when they found the cancer. and by then it was stage 4. there was nothing they could do for her. and she passed away in 22 days. i do not think that mitt romney realizes what he has done to anyone. and i hurt more, i do not think that mitt romney is concerned. >> over the top? john? >> i mean, it's a very tragic story. it's easy to feel for this guy. but mitt romney had nothing to do with -- certainly didn't have anything to do with his wife getting cancer. certainly didn't have anything to do with her dying. you know, this is one of those superpacs, democrats were so angry about new money coming in, these superpacs. then they go ahead and raise money for these guy

. >> we begin with new scrutiny that mitt romney is facing or his record at bain capital. the latest controversy concerns how he helped found the company with investments from central american elites link to death squads in el salvador. >> he failed to raise capital from traditional sources in the u.s., so he flew to miami and went directly to a bank and met with a number of these families who were involved with death squads, and accepted, at the time, what was a huge amount of money. >> today is a good day for america and there are better days ahead. join me in welcoming the next president of the united states, paul ryan. every now and then i am not to make a mistake. [laughter] i did not make a mistake with this guy. but i can tell you, he will be the next vice-president of the united states. >> i have been asked by governor romney to serve the country that i love. >> ryan's plan that on balance the budget for another 20 years. his plan is about massive tax cuts for wealthy people, multinational corporations, and the beginning of a redistribution of federal spending, fro

. >> the building from "dark night rises" where bain stands up and makes a proclamation and on the town singing with sailors and dancers. all of those movies filmed at the same spot over 50 years. >> man! >>> time to hearken back to the days of summer with a modern day tarzan. videos here, what happened next? >> he goes head-first into a log? >> an alligator comes can up and eats him. >> look likes he goes too far and lands on the shower on the other side. >> good guesses but all wrong. you won't believe what happened to this guy. keep watching. >> oh! he cut the rope? >> the rope comes back again and looks like it gets hooked almost in a sensitive region, i must say. that area -- >> rope burn right on the jewels. watch it again. >> oh. ouch! >> you can hear everybody scream, you can hear him react. you can't even really call it a fail, because he swung, he did a really nice dismount. that was just -- bad luck. >> oh! >> ah. >> ooh. >> that hurts. >> the more you watch it, the more painful it become, because you start watching that rope, and you see exactly where it goes, and it becomes

thanks to bain capital, santa's workshop is moving to china. what?e bain of mitt's existence. >>> up next, the benghazi report, hillary clinton's state department is getting the blame for bad management and inadequate security. that's ahead here tonight. this is "hardball," the place for politics. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you

thanks to bain capital, santa's workshop is moving to china. what?> still the bain of mitt's existence. >>> up next, the benghazi report, hillary clinton's state department is getting the blame for bad management and inadequate security. that's ahead here tonight. this is "hardball," the place for politics. >>> welcome back to "hardball." tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, td

he doesn't need bain. he needs a bull -- a ban. he needs a bulldozer. scott broom, 9 news now. >> i'm thinking the ban won't help anybody who is already infested. bamboo is already banned in college park. there's a $200 fine for shoots that get into any neighboring yards. >>> a brand new tree will be the center piece of the national christmas tree lighting tomorrow on the ellipse and it's not bamboo. the first family will there be in the 5:00 hour. this year's display features 56 trees in all including one for each state, territory and, of course, our town washington d.c. this is the 90th year for the event. organizers are expecting more than 20,000 people for the show. we will bring it to you live right here on wusa9. top, what kind of temperatures are we expecting? not too bad but not balmy like the last couple days? >> no, no 70s but 40s. erica will go out there tomorrow night. dress warmer than you think i told her and i'll tell you. it just seems to be colder there. it's a new tree they got within 50 miles of the nation's capital. the one before it

when asked in an interview, when he and house speaker john bain her sit down together and hammer out a deal. president obama said this: >> i don't think that the issue right now has to do with sitting in a room. the issue right now that is relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we'reling going to be able to get a deal without it. >> speaker boehner's counter offer yesterday to president obama which included a mythical increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the repu

and he promised to do what john bain ser doing right now, and he lost.ow about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, ice not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that and bain ser trying to offer the same exact policies that mitt romney ran a