[comebacknewt]

"Anyone who's actually been in business knows about guys like Romney. They're the priviledged financial guys who take over a company, push a bunch of people out of their jobs to cover the debt they load the company up with, and then install some clueless MBAs who don't understand the business they're in. The company collapses but the hedge fund operators like Romney always seem to make out just fine"

Disagree 100% with everything you said here, and I have been in business for a number of years.

Bain Capital, and companies like them, are one of the best things going for the economy. They take over highly distressed companies, most of which would die quick deaths without intervention, and work to turn them around.

Not all of them make it, but the Bain track record is remarkably good. Thousands of Americans today can attribute their current jobs directly to a Bain-directed turnaround.

While there are some companies and people (Al Dunlap) out there who do the things you describe, Bain Capital under Mitt Romney was absolutely not one of them.

[catman67]

I have thought of this for a while, but have not posted it before.

In his time at Bain Capital, Mitt Romney was the economic equivalent of a trauma surgeon. Trauma surgeons take bodies in dire straights and attempt to repair them and restore them to whole. Mitt Romney did essentially the same thing with companies. Many times they can be saved, but sometimes, in spite of heroic efforts, they can’t. The bodies (companies) may fail even though the organs (employees) are intact and fully functioning.