so you sort of can't lose. >> bain capital initially invests in startup companies. fter a tough two years, bain strikes it big. >> we invested in staples early in the year and staples and -- in pretty short order started doing well. we also helped start sports authority, bright horizons, all within a six or nine-month period. >> romney helps launch staples, not only with money, but with business and strategic advice. >> this can be a hundred stores so it looks like it could be something big. >> mitt was critical. he acted as our lead investor. and a lead investor in an early stage company is very important because they manage your relationships with other investors and the board. having somebody with mitt's savvy at your side was really helpful. >> next for bain is funding leveraged buyouts, acquiring mostly troubled companies using loans or leverage, and then restructuring and selling them off for a profit. >> bain usually makes money no matter what. one thing about leveraged buyouts, they are structured so that the investment firm can make money for their investors

of bain capital in the ninety's bain invested in a series of companies including call centers and manufacturers that expanded overseas sometimes at the expense of american workers in february of ninety nine i left bank capital and left all management authority and responsibility for the firm had no ongoing research. your involvement in the affairs of bain capital. hello good evening and welcome to this edition of town talk on poll night and i'll be your guest for the next sixty minutes also as we continue to try to find out what's really going on in our community and in fact tonight what's really going on in our state and to help me with that quest is the probable republican nominee for u.s. senate mr rich mitt romney's human outside welcome to the show thank you good to be here paul let me introduce the candidates edward kennedy the democratic candidate has served in the senate since one nine hundred sixty two mitt romney the republican candidate has served as chief executive officer of bain capital a venture capital firm people in massachusetts have been walking watching for thirty two years

and bain capital was born.partner, jeffrey rennart. >> it was a lot of long hours, a lot of late nights, and a lot of learning but a lot of success. >> so what kind of a leader was mitt romney during those early years? >> i would say in the early years, mitt was a lead by example kind of leader. he -- you know, he dug in, did, you know, analysis side by side with us. >> and it paid off. bain capital invested in more than 100 companies, nearly doubling its returns for clients annually. >> how you doing? >> romney made a lot of money. and he would later claim, created a lot of jobs. but a former bank colleague who talked off camera about whether the company's emphasis was on job creation told cnn, quote, we were in the business of creating value for investors. >> was job creation or making money the goal? >> well, every business is organized to create a return for the people who invest in the business. and as businesses are successful and profitable, they're able to hire people. and they can hire more people the

and bain capital was born.er jeffrey rennart. >> well, it was a lot of long hours, a lot of late nights and a lot of learning but a lot of success. >> so what kind of a leader was mitt romney during those early years? >> i would say in the early years mitt was a lead-by-example kind of leader. he -- you know, he dug in, you know, did analysis side by side with us. >> and it paid off. bain capital invested in more than 100 companies, nearly doubling its returns for clients annually. >> how you doing? >> romney made a lot of money, and he would later claim created a lot of jobs. but a former bank colleague, who talked off camera about whether the company's emphasis was on job creation told cnn, quote, we were in the business of creating value for investors. >> was job creation or making money the goal? >> well, every business is organized to create a return for the people who invest in the business. and as businesses are successful and profitable, they're able to hire people. and they can hire more people the mor

and bain capital was born. >> well, it was a lot of long hours, a lot of late nights and a lot of learning but a lot of success. >> so what kind of a leader was mitt romney during those early years? >> i would say in the early years mitt was a lead-by-example kind of leader. he -- you know, he dug in, you know, did analysis side by side with us. >> and it paid off. bain capital invested in more than 100 companies, nearly doubling its returns for clients annually. >> how you doing? >> romney made a lot of money, and he would later claim created a lot of jobs. but a former bank colleague, who talked off camera about whether the company's emphasis was on job creation told cnn, quote, we were in the business of creating value for investors. >> was job creation or making money the goal? >> well, every business is organized to create a return for the people who invest in the business. and as businesses are successful and profitable, they're able to hire people. and they can hire more people the more successful they a

you know i mean we're seeing in certain saga in that experience where bain capital actually invested in send sada and is now sending those jobs overseas nearly two hundred jobs and it's not that they're making that they're not making profits they actually are making profits it's just that greed has no bounds bain capital seems to be in the business of buy it strip it flip it fended overseas harvest. additional profit and throw the people in the workers in the community under the bus unfortunately it's the free trade agreements that enable the bain capital's of the world to steal our jobs and send them overseas so you know some would lay that mitt romney's feet but barack obama bears an equal responsibility for actually expanding these free trade agreements and right now there is a transpacific partnership being negotiated as we speak behind closed doors even congress is not able to know what's going on in this agreement but it has been leaked and what we know is that it will continue to offshore our jobs continue to undermine wages here at home and in fact undermine american sovereig

and in order to do that, decided they were going stoog after his record on bain capital. >> woodruff:s is as the primary were still-- >> it was often unventional move for the sitting property and his aides to engage in a republican primary but they threw out some things on bain. they had some former bain employees traveling through iowa touring the primaries in order to get his-- romney's opponents to engage, which they eventually did, as you remember. newt gingrich did and rick perry did. >> woodruff: so they really injected themselves into the primary process. >> exactly. >> woodruff: philip rucker, tell us, first of all, how did the romney folks early on see this campaign? and how did they deal with this move by the obama team, even in the primaries, to come after him? >> yeah, well, from the very beginning when governor romney got tho spo this race he and his adviserred decide they wanted this to be a referendum on presidenpresident obama's stewaf the economy and they thought governor romney, given his years of experience in the private sector could present himself as the only rep

people's words. >> one by one, the old demons reappeared. >> romney-care. >> pro abortion. >> bain capital>> handing the democrats a primer on romney's vulnerabilities. >> i will release multiple years. i don't know how many years. >> on bain, flip-flops, taxes, secrecy, his wealth. but romney finally crawled across the finish line. and his new junior partner, paul ryan, has given reluctant conservatives some hope. >> i want to hear what he has to say on this topic. >> but presidential politics is more than just piecing together coalitions. it's also about telling a story of who you are, what you believe and why you can be trusted. >> he's very professional. he's got a bit of new england in him. when he's out doing a job, he's going to do it professionally, but he's not the caricature the media or democrats want to portray. he's a very warm, caring guy. >> good morning. >> romney is trying to let people in, like wading into scripture as he speaks after the aurora, colorado, shootings. >> romney painted his own unflattering portrait and the damage endured. >> his problem during this campaig

. >> we know what he and bain capital did.ve in a little town up north in michigan, and we had -- the only town -- the only department store in town was owned by the company called stage department stores. and sure enough, a decade and a half ago, bain capital bought out stage, closed down i don't know dozens of stores through the midwest and our little downtown. >> they seem to be surrounding you, bain capital. >> yeah. well, again, i'm very optimistic about the vote tomorrow in michigan. and i certainly think romney has cooked his goose in ohio. >> my theory of the case now is if we are reporting an obama win tonight and i think we will be. it's close but i think we will be. i think the place where romney absolutely sealed off victory is in this lie about the auto industry. >> yes. >> not this hurricane. i don't believe that the hurricane changed what was happening here, which is what republicans are going to want to say. oh, well you know the storm damage, the president managed to go out there for a couple of days, the camp

and seven so in response to the crisis the regulators to congress have all been talking tough on bain capital as though that was a problem when i think in fact it was just the opposite it was other problems in the in the industry especially fraud so today you have this weird situation where we're going to increase capital. which means they're not going to lend as much and this in turn is going to hurt the economy because we're going to have less credit available to what extent though to what extent does asking banks to require a little more capital really mean that they're going to stop lending to the extent that we would see a prolonged recession. well it's a whole number of pieces fit into this puzzle but if you took bank capital just a change in the demeanor of regulators over the last couple years the new rules for getting guarantees from various government agencies for mortgages all of these changes have a centrally added friction in the economy decrease to build bilinear credit and we need to have as much credit being created obviously you're not going to have a good job market so i thi

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking t about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. >> the jeep got stuck at the top of a 14-foot high border fence. ramps did not work as planned. they fled back to mexico leading the vehicle behind. and the ramps and unidentified contraband. let's get back to the effects of hurricane sandy. >> there was not flooding -- no flooding or tidal damage. severwe have more on the aftermath. >> depending on where you go in this county macy sel-- you may see snow totals of 3 feet. this is in an area accustomed to winter storms but not this early. it looks more like january and early november. more than 2 feet of snow was on the ground. the result of the mega-storm. the snowstorm is leaving thousands in the dark. 80% is still without electricit

right wing media is blaming this on the unions i think it's fairly clear this is this is the bain capital's of the. red is a bread is a commodity the prices are being forced down it's a ruthless business and i perfectly accept most of your argument that the management is ruthless and incompetent fine. the problem is it's a commodity business where margins are getting driven down all the time and it does not help this country to import large quantities of low skilled labor when we should be investing in high skilled technology high skilled companies and instead don't live band don't don't try and prop up low wages with government regulations try and educate and make for higher technology. so we should all everything should go to computers and to hell with the american were you know the truth of the matter is very likely the hostess cupcakes and twinkies are going to come back and continue in other companies who want to acquire the rights to them but those jobs those jobs are gone and it was the union leadership that is destroyed those particular jobs you go to people taking a shit over the l

bain capital case of holst's that all this is death by a banking labor cost no this is the reagan change everybody has to accept you know you have to michelle's concessions that are largely contributed to by the low wage labor force that money so that is the shovel money off of the banks there's shovel money up to the c.e.o.'s and the workers out of it without when they're out of a job now is that better and will give mr highhanded it will long among the biggest donors to the president his two thousand and eight election was goldman sachs i'm afraid the bankers investment both parties. more more of tonight's big picture robert right after work. could you take three years for. me three. three stooges free. food free brown video for your media project free video done to our teeth dot com. resistance is not the politics but a culture. cultures of resistance. colors. coming out. download. choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. only you need to use your mobile device watch on t.v. any time. well imagine the big picture rumble joining

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. >> we need to mention the battle in maryland and that is expanded gambling in the state. bard bell shows is what this issue is controversial. >> check the facts for yourself. boad question 7. >> you have seen the ads. >> vote for 7. >> politicians claim question 7 money will go to education. >> the battle over the expansion of gambling has become the most expensive campaign in maryland history. more than $70 million has been spent. $35 million by the pennsylvania gaming company which operates casinos in west virginia and northern maryland and $35 million by mgm which wants to open a casino at national harbor. >> there's a lot of money in it. the people who stand to gain quite a bit. >>

this buy, bain capital is bad organization and guy who started it is bad too.t story turn out? >> you know i think it is authentic from obama saying it from that standpoint. i don't think it is particularly effective. it does not move many people across the meter. one of the things the story has to shine through. if the storyteller isn't authentic whatever he or she is saying isn't memorable, isn't actionable. i think that story has worn thin. david: finally the idea obama is sort of real historic game-changer, he can walk on water. he got the nobel peace prize before he did anything for example, has that story worn thin? >> well it did until the bin laden situation happened. because that was really, you know, magic from the pocket. that was kind of a life event that is transformative in terms of narrative, captured everybody's attention but their imagination. it did change perspective as international, gave him a folklore view. but whether or not really he is lookedded as on international person i'm not sure. >> think benghazi worn on that image too. >> yes. d

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care mainly i was thinking about my family. how am i going to take carere of my familily. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. >> a 2-year-old boy is dead tragic accident at the pittsburgh sue. visiting the zoo mother and friends and an over look into it closure containing nearly a painted dogs. the dog pounced on him but the scene. dead at the say they are not sure if the boy died from the or the mauling. back here at home, a petition has gained thousands of signatures in a move to have students start school a bit they do now. but not everyone is on board with this idea. >> we didn't have to look far to find montgomery county high schoolers to think schools theld start later in morning. morning, i'm not really paying attention as well because i'm half asleep in class. a lot of times, i miss the -- i and tha

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. the country can take. ones a path represented by the present, which, at the end of four years, it'd mean we'd have $20 trillion in debt. i'll get people back to work with 12 million new jobs. i'm gonna make sure that we get people off of food stamps not by cutting prthe program but by getting them good jobs. i'll work with you. i'll lead you in an open and honest way and to makeke sure that we all together maintain america as the hope of the earth. i'm mitt romney, and i approve this message. >> senior u.s. intelligence g details releasin thet the time line of attack onterrorist e u.s. consulate in benghazi that left four americans dead. officials say there was a 20- minute gap between

the image of mitt romney is a rich guy who paid an extraordinarily low income tax rate and was a bain capital profiteer and based on layoffs and outsourcing would be pushing back against the truth. bill o'reilly said the win went to the smartest team. >> if mitt romney had a guy as smart as david axelrod, the governor would be celebrating tonight. >> as of this hour, president obama has won 303 electoral college votes, and mitt romney has wovn 206. the only state has yet to call is florida. where president obama leads. he has won the popular vote. the 113th congress will be composed of a democratic majority in the senate with 53 democrats, a two seat increase, as well as 45 republicans and two independents. at least one of which will caucus with the democrats. in the house of representatives, returns will retain the majority. nbc news projects that once the votes are counted, republicans will hold 236 and democratics will hold 199 steets. nate silver, as reported here every night, correctly predicted the electoral outcome in all 50 states and the district of columbia, assuming florida tips to

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking about my family. how am i going to take care of myf amily. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa actison is responsible for the content of this advertising. look, the reason i'm in this race is there are people that a are really hurting tody in this country. and we face this deficit -- could crush the future generations. and republicans and democrats both love america but we need to ve leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a repubblican or a democra. i've done it before, i'll do it again.

but compare that to mitt romney, top-notch bain capital venture capitalist. >> "the wall street journal" did some digging for today's paper it looked as 77 businesses bain invested in while romney led the firm. 22% of those companies either filed for bankruptcy or closed 8 years after the bain investment. >> jon: see, 22%! to 8% for the government. see? (cheers and applause) the government can't even get mitt romney at picking failures. let's take a look at one of romney's nonwinners, was a company called life like which received $2 million from bain, a personal loan from mitt romney himself, shortly before it went bankrupt, bain sold it, taking the company for $15,000. wow, $15,000 down from 2 million, that's a solid 99% return minus. why? what did life like make? >> now you can get your very own my twin at my twin.com. >> twice the fun, we have more fun. >> one of a kind my twin dolls. (laughter) >> jon: is it looking at me? why would mitt romney think anybody would want to buy a product so early close to yet so creeply far from human? why would mitt romney think that a perfectly scul

and mitt ry omney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. no health care. mainly i was thinkinabout my family. how am i going to take ca of my family. he promised us the same things he's promising the united states. and he'll give you t yhe same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. dozens of people braved the chilly temperatures this morning. pretty see she looks chilly. by thesponsored foundation of women's cancer. everyone is bundled up. this morning temperatures are worse.o get even especially out in the west. tomorrow morning, around freezing and a freeze warning. bundle up antigua for tomorrow because the colder air will tick around for a few days -- warm for and stay tomorrow because the colder air will stick around for a few days. our high today and was well this time of for year. normally, air temperatures are lower-60's. today, we limited to 53 degrees. of the northwest d.c. hanging around 40 degrees. looking for the really cool out to western maryland, not 27 de

very aggressive early effort to characterize mitt romney as a corporate raider and his time at bain capitalhat he was a vulture, vampire, vulture capitalist. >> jon: it was so unfair! i mean, where did that stuff come from anyway? >> there's a real difference between venture capitalism and vulture capitalism. >> pretty hard to justify rich people figuring out clever legal ways to loot a company. >> do you really believe this company wants to elect a wall street financier. >> there was a steel mill that bain swept in, took that company over. >> bain sometimes behaved in behavior where they looted a couple and left behind 1700 unemployed people. >> jon: damn you, obama! that's coming frommed in your own house. and even the right's beloved super pac designed to do to obama what obama did to romney backfired. remember aidle son, las vegas billionaire? said he's give up to $100 million to help romney defeat the socialist obama? why did he have to give so much money? because he gave so much to gingrich in the primaries to defeat vulture capitalist romney, the half-hour bain attack ad was produced

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old.ad no health care. mainly i was thinking about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. [ man ] i got it when i uploaded a gigabyte of photos. i literally wanted to say "did you see that?" [ male announcer ] when people switch from cable to verizon fios there comes a moment when they get it. the difference 100% fiber optics makes. when i saw that picture, i really got it. i can enjoy the game better at home than going to the stadium. i got it when our apartment became the apartment. [ male announcer ] there's never been a better time to get it. get our best price online guaranteed for a year with no annual contract. call the verizon center for customers with disabilities once you've got it, at 800-974-6006 tty/v. you get it. >> closed captioning and other consideration for "tm

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. >> so boredwith your ipad you're using it as a drink coaster? get the new awesomely approved tmz app for ipad with high resolution photo galleries, videos, stories, and it's easier to navigate the octomom's birth canal. go to the app store and get the new app for ipad and cue that annoying little guy. the price is free! yep, still annoying. >> naked photos, a stolen laptop, and a shocking twist. >> my computer is stolen. >> and here are his naked photos. just kidding. thank god. >> there's a former wwe wrestler amy weber, someone stole her laptop while she was at the park. >> just a stab in the park but were there naked photos on it. >> at one time she took naked photos to send to "play

and mitt romney and bain capital turned it in to a junk yard. i was suddenly, 60 years old. i had no health care. mainly i was thinking about my family. how am i going to take care of my family. he promised us the same things he's promising the united states. and he'll give you the same thing he gave us. nothing. anncr: priorities usa action is responsible for the content of this advertising. >>> welcome back to fox 5 morning news. live look outside right now at reagan national airport. we're still have trying to get things back to normal here in the d.c. region after hurricane sandy. it seems like it has been a long week but hey, it's thursday. it's almost over. it is all good. halloween was in full force on m street last night. >> thousands of partiers packed georgetown. audrey barnes has the details. >> happy halloween! >> reporter: the party atmosphere was in full force in georgetown. people wearing best costumes were treated like celebrities being stalked by the paparazzi. >> what are you tonight? >> a bumblebee. >> do you have any special powers? >> not tonight. >> rep