When I was back in my private equity days, we went to China to buy a factory there. It employed about 20,000 people. And they were almost all young women between the ages of about 18 and 22 or 23. They were saving for potentially becoming married.
And they work in these huge factories, they made various uh, small appliances. And uh, as we were walking through this facility, seeing them work, the number of hours they worked per day, the pitance they earned, living in dormitories with uh, with little bathrooms at the end of maybe 10, 10 room, rooms. And the rooms they have 12 girls per room.
Three bunk beds on top of each other. You've seen, you've seen them? (Oh...yeah, yeah!) And, and, and around this factory was a fence, a huge fence with barbed wire and guard towers. And, and, we said gosh! I can't believe that you, you know, keep these girls in! They said, no, no, no. This is to keep other people from coming in.
Because people want so badly to come work in this factory that we have to keep them out. Or they will just come in here and start working and, and try and get compensated. So we, this is to keep people out. And they said, actually Chinese New Year as the girls go home, sometimes they decide they've saved enough money and they don't come back to the factory.
And he said, so, on the weekend after Chinese New Year there will be a line of people hundreds long, outside the factory, hoping that some girls haven't come back. And they can come to the factory. And, and so as we were experiencing this for the first time, going to see a factory like this in China some years ago.
The Bain Partner I was with turned to me and said, you know, 95% of life is settled if you are born in America. This is uh, this is an amazing land and what we have is unique and fortunately it is so special we are sharing it with the world."
"The barbed wire and guard towers were there to keep people out." Just when I thought I had heard the STUPIDEST thing I would ever hear from Mitt Romney.
The man admits, no BRAGS, about the fact that he witnessed this exploitation of poor women in China and came away impressed rather than disgusted. According to the Washington Post Bain Capital invested in a number of companies that sent jobs overseas to China and other locations where the wages were essentially slave wages. Who here wants to bet on whether or not Bain invested in the company that Romney describes above and kept the labor situation exactly the same?
THIS is the man who wants to fix America's economy. I'll give you two guesses as to how much he respects the middles class workers in this country.
Some have questioned the authenticity of this tape. All I know is that the voice we are hearing is DEFINITELY Mitt Romney's, and that it was uploaded by Rachel Maddow. I am pretty convinced that it's legit.
Update: It appears I was incorrect, Maddow had nothing to do with this video.
YouTube account has nothing to do with me, the show, or MSNBC: is.gd/JxpAA6 Working with YouTube on getting it taken down.However I am going to leave the video up, at least until I have confirmation that it is not on the level. Like I said, THAT certainly SOUNDS like Mitt.
— Rachel Maddow MSNBC (@maddow) August 25, 2012