[loveliberty2]

In the case of LBO's, one would have to say that it is the entrepreneurs who created, risked and, for many years, provided jobs in many of the industries which Bain and other such companies became involved with who are true private sector heroes.

It is not the bankers and venture capitalists who rushed in to "save" them, sometimes only to take their own cut of the money and leave a percentage of them to go bankrupt anyway.

Now, if a true entrepreneur who invested his savings, started a Widget Manufacturing Company, and provided jobs to a few or hundreds of fellow citizens runs for President, then he deserves kudos for that courageous risk-taking action. To be fair, the Romney experience with Bain is not exactly a true freedom of individual enterprise example.

[Utmost Certainty]

Now, if a true entrepreneur who invested his savings, started a Widget Manufacturing Company, and provided jobs to a few or hundreds of fellow citizens runs for President, then he deserves kudos for that courageous risk-taking action. To be fair, the Romney experience with Bain is not exactly a true freedom of individual enterprise example.

Right, that's the crux of where I'm coming from as well. Romney seems to be promoting a narrative that he was this successful businessman, bla bla, when really AFAIK he was just a financial guy. Which I'm not knocking or demeaning in any way; some may not personally like what firms like Bain Capital do, but they do in fact serve a vital purpose in the grand scheme of the economy—just like vultures and other scavengers serve a vital purpose in the biosphere.

[demas415]

Providing jobs is not the purpose of capital investment. Making money is the goal, regardless of whether or not job creation results from any particular investment.