The private equity firm executive who reportedly hosted the Mitt Romney fundraiser captured on video gave an interview this summer where he praised the liquidity of the U.S. markets and said, "The economy is not great, but it's not too bad."
Mother Jones magazine's David Corn reported on MSNBC this evening that the hidden-camera fundraiser video — in which Romney said "47 percent [of the people] ... are dependent on government, who believe they are victims" — had taken place on May 17 at the Boca Raton home of Sun Capital Partners co-chief executive officer Marc Leder.
In a video posted in June for Privcap, an entity whose aim is to "provide context for private capital investment," Leder discussed the financial environment for Leder's "distressed and turnaround firm," as Privcap put it.
"In the United States, the financing environment right now is outstanding. There is a flood of liquidity in the bank and the high-yield markets," Leder said. "The economy is not great, but it's not too bad. So you might wonder, why are we so busy? ... What we concluded is that there is a huge, pent-up supply of businesses for sale."
Obama faced heavy criticism for a similar comment in June, saying, "The private sector is doing fine."
Romney at the time said the "out of touch" comment would "go down in history."
Chris Geidner is the legal editor for BuzzFeed News and is based in Washington, DC. In 2014, Geidner won the National Lesbian & Gay Journalists Association award for journalist of the year.
Contact Chris Geidner at firstname.lastname@example.org.
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