institutions. a lot of people benefited from that and, by way, as enterprises become more profitable, they can hire more people. >> romney's words keep clashing with reality. which is why the story of mike ernst, a former employee of ampad, has been so effective against romney. >> out of the blue one day, we were told to build a 30-foot stage. a group of people walked out on that stage and told us that the plant is now closed and all of you are fired. >> let's bring in robert reich, former labor secretary under president bill clinton, now a professor at public policy at uc berkeley, and author of "beyond outrage" now available in paperback. mr. reich, good to have you back with us tonight. i want to play another piece from the same 1985 video where mitt romney offers three reasons bain and company decided to create bain capital. here it is.