Both campaigns responded to yesterday’s article by David Corn, regarding the 1985 video of Mitt Romney saying that the goal of Bain Capital was to buy stakes in undervalued companies and then “harvest them at a significant profit” years later:

The Obama campaign, via Randy Johnson, a former worker at Ampad: “Today’s video confirms what I and other workers fired by Mitt Romney’s Bain Capital already know: that Romney’s business experience was never about creating jobs. Romney’s own words prove that his focus was putting profits before people from the very beginning, ‘harvesting’ companies to make a ‘significant profit’ for himself and   his investors – even if it meant investing in companies that shipped   American jobs to China. Any other explanation Romney puts forth about   this ‘private sector’ experience or understanding of the ‘real economy’ are just empty words from a man desperately trying to rewrite the past in order to win an election.”

The Romney campaign, via campaign spokesperson Amanda Henneberg: ”In addition to starting new businesses, Mitt Romney helped build Bain Capital by turning  around broken companies, creating and saving  thousands of jobs. The problem today is that President Obama hasn’t been able to turn around our economy in the same way.”

As David Corn noted yesterday, “Romney mentioned that it would routinely take up to eight years to turn around a firm—though he now slams the president for failing to revive the entire US economy in half that time.”