I am no Romney supporter...inj fact I am a Perry supporter, but I hate Perry going after Romney on Bain, as well as Newt and Santorum... they are attacking capitalism using the language of the left. There are plenty of ways to go after Romney, but this is not one of them.
Bain (and many other VC firms) specialized in rescuing failing companies. There are many good businesses out there that for one reason or another (be it market conditions, mismanagement, whatever) become distressed businesses. They are going down regardless of what happens and all of their employees will lose their jobs. Bain would come in and infuse them with capital and restructure them. those with good business models survived and folks kept their jobs and Bain made money. Those that were too far gone or did not have a good business model or product/services to offer ended up failing, so they were shut down and liquidated.
Bain was not a corporate raider, swooping in to buy prosperous businesses, then fire all employees and loot the company coffers. They made their money rescuing failing businesses and recouped their investment on those they could not fix by liquidating. Its as simple as that.
Raybob, it it were as simple as that, I don't think there would be any controversy at all. I think that the facts, as they come out, will show that it was anything but "as simple as that". And as always the devil is in the details, and it will be in the details, the specifics of what was actually done by Bain in certain cases that will be the downfall of Mitt Romney.
From my perspective I'd rather see these issues opened up and aired out BEFORE we commit to him as the nominee.