Mitt Romney's Ridiculous Defense of Bain Capital

Reader Comments
Back to blog

Actually, I am sure that it is only the beginning of Romney's defense. Indeed Mr. Galupo should spend a little time googling the companies that are the subject of the Bain Capital attacks. He will find out (as Gingrich has) that the attacks are based on preposterous lies! Anyone who takes a little time at the computer will discover that companies that Bain invested in during the past 3 decades employ many hundreds of thousands of people. They can also discover the tremendous rate of growth in those companies following investment by Bain Capital. They will discover that the bankruptcy of a few of those companies (none of them "failed") occurred years after Bain's investment and almost always after Bain sold its stake. There is simply no evidence that any dividend to Bain or leverage associated with their investments had anything to do with their bankruptcies. Rather, and here is a teaser for things to come, they had more to do with labor union tactics, bloated pension plans, failed US protectionism and a whole host of other market forces.
And just wait until the Romney camp gets going contrasting his experience with Gingrich's lobbying and influence peddling for Freddie Mac, let alone with Obama's investments in Solyndra and hundreds more like it and the jobs and pension benefits he eliminated at GM.

Matthew of UT 7:35PM January 18, 2012

The article really doesn't say anything, except that we have laws on the subject.
Are we going to pass further laws restricting what we can buy, or what possessions of ours we can sell, either in whole or in part?
Probably not.

Sternberg of SC 1:08PM January 16, 2012

For the system to work, you need it to be balanced. You need to make money when you turn a company around and lose money when you fail to turn a company around. If you make money by destroying the company you bought, that is looting.
Specifically when you load a company up with debt and then use that money to pay yourself, not grow the company or make it better, and the company goes bankrupt defaulting on the debt, then you have stolen the money from the people who loaned. It is looting, not creative destruction. It is a crime. Jay Gould and company use to do this to railroads back in the 19th century and we have laws against it.
Of course someone would actually have to prosecute it and no one ever goes to jail for this crap anymore.

jib of AL 10:32AM January 14, 2012

Ha! You idiot; "Bain" is also Gaelic for "doom" and "death". Maybe crack a lexicon next time you try to justify corporate raiding and piracy(what these folks called what they did back in the 80s) via comparative linguistics.

Julian of TX 8:38AM January 14, 2012

Ha! You twit, "Bain" is also gaelic for "doom" and "death".

Julian of TX 8:34AM January 14, 2012

BRIEF NOTE
What follows is all over the entire NET;
WORST CASE SCENARIO (for all liberal-democratsand rino-type repubicans)
Romney, Perry,Huntsmann,Santorum,....no matter who is there runing on "anti-Obama concept"....reality is that none , absolutely none of the GOPaspirants are match for the well made, and powerful Chicago mafia-style corrupted political machinery that spawn the anti-constitutional and insidious fraudulent presidency for Mr Obama to pose and act as presidential figure.
Fraud and corruption are the main pillars for the current anti-constitutional and anti-american group of individuals now at helm of this dying nation....we can call them...let's say..'.THE WASHINGTONIANS CORRUPTOCRATS';....an amalgamate of liberal-democrats and so called moderated republicans (old school rino-type republicans for that matter) that are the local chapter of globalist with destructive agenda agains our great country.
The GOP does not have anything valuable to offer to the american public, and theyare trying to enemize to the electorate Romney as the best anti-Obama factor for the next presidential elections;....actually all dynamics are conducted to serve on silver plate a second destructive term to the Obama regime.
None of the candidates from GOP are going to make a dent to the current anti-constitutional fraudulent admininstration, and the liberal-democrat factions know this very so well.
But here is the thing ; if Sarah Palin recondiders and run for presidency a massive and powerful action will be put into play nation-wide / coast -to coast and the current egime will go down.
The good governor is the true people's candidate ;.....this is the worst case scenario for ALL liberal-democrats factions,...a great number of rino-type republicans, and false so called conservative politicians are terrorized about.
Input anyone?
Opinions welcome.
Daniel Cabrera
Merrillville,Indiana

Daniel Cabrera of IN 7:20PM January 12, 2012