Romney Took Away Jobs?

GOP front-runner Newt Gingrich questions competitor's corporate past.
2:43 | 12/13/11

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Transcript for Romney Took Away Jobs?
Politics your voice your vote Republican front runner Newt Gingrich has taken on Mitt Romney and how Romney made his millions raising the question. Did Romney lay off US workers to reap big corporate profit. ABC's anchor David never takes a deeper look at Romney's business history how the company's spared and whether there was a human cost. Nearly every stop -- -- campaign to help Bobby serves up his business resonate Dubuque Iowa we listen. Bobby told factory workers about it American brands he helped create I had the thought of being involved at a start -- of a business that was not government backed. In this case it's called staples Romney's team at Bain Capital were largely responsible for staples to Data Co. telling us they now employs 191000 employees. But there is new heat on Romney about the jobs lost at other companies were bombing his team moved in investing in the companies making them more efficient. -- times producing more with fewer workers and it's selling those companies for profit the heat comes after Newt Gingrich fired the first salvo among Republicans in the race. The governor Romney would like to give back all the money he's earned from bankrupting companies and laying off employees. Over his years -- -- That I would be glad to them listen to us. Late night jumping in right after poking fun at this -- take. Before the move on -- colleagues -- being so successful dollars coming out of -- shirts offering this mockup of an earlier version. It is good right plus picture. But -- worth an estimated 250 million has -- this kind of criticism before. 1994 Ted Kennedy facing a bruising challenge from -- -- workers from an office supply factory who lost their jobs. After Romney's Bain Capital took a majority stake. You're not creating jobs for taking him away from its. That money in your pocket. And political observers say if Romney is nominated expect the same argument for President Obama. I think that'll be the south central part of that argument do we really want to turn this economy. Over the same people that messed it up but a lot of army supporters and the candidate himself would likely say we just accelerated what needed to be done -- -- to make us more efficient as a country to make these. Companies more profitable Mitt Romney's argument is that we're in a global economy. We have to do what's necessary we have to increase shareholder value we have to do that that's the way we can grow out of this. A Romney does not offer a net gain of jobs during his fifteen years at Bain Capital while on the campaign trail but he did say this during the campaign so far. Sometimes we acquired businesses and tried to turn them around and typically he says. Created tens of thousands of new jobs we know that didn't happen at every company and -- Diane Mitt Romney comes to New York for fund -- with some of the same investors. Who were once his -- capital.

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