"King of Bain: When Mitt Romney Came to Town" is a 28 minute long film created and funded by Newt Gingrich's Super PAC. The film has been very controversial. It explores a topic which is probably worth exploring: the ethical issues surrounding the conduct of Bain Capital, the company that Mitt Romney worked at for several years. Bain compiled a complex record of start-ups, buy-outs, flops, and shut downs. Romney takes credit for creating 100,000 jobs as a venture capitalist, but some economists have scoffed at that.
"King of Bain" portrays Romney as sort of a corporate hatchet man. Just as Romney ignores anything bad in the record of Bain, so does the film ignore anything good. It also misrepresents the facts a couple of times, and explores four case studies of companies shut down by Bain- but only one of the shut downs occurred while Romney was with Bain!
Newt Gingrich has now appealed to his own Super PAC to take down or correct the film- but by law he has no actual right to demand cooperation from his own Super PAC. Odd? Yeah, it's a good argument for renewed efforts to update campaign finance laws, but with Republicans in charge of the House of Representatives, no point to thinking on that, it just ain't going to happen. As things stand today, everyone has the right to political "speech" (read "Money donating") including corporations, but nobody has to take responsibility for any of it.
This is getting into a weird area. Look for more of this to happen in the general election. Romney has already shown a tendency to quote President Obama out of context- for example "Americans are lazy"- when Obama actually said "we have been too lazy" in reference to American political leaders failing to market US economic products abroad. Obama will be likely to re-play some of the criticisms of Romney made by his Republican rivals for the nomination- it's tailor made!
I am not a fan of Super PACs. Stephen Colbert showed how morally bankrupt they are as an election funding mechanism recently when he handed control of his Super PAC to his buddy Jon Stewart in a recent segment on his TV show. We are now experiencing the fallout of the Supreme Court "Citizens United" ruling, which gave corporations the same financial rights in election campaigns as people.