Agreed...he made a major error and it will (and is) understandably being used against him.
Best it comes out now in any case, to either sink him, or, as you say, for him to be able to adequately answer it and immunize himself against it.
I do not believe there is anything criminal, or even unethical in what he did. They invested in firms, tryin to turn them around and make a profit. Quite a few they did and have sterling stories to tell. Others they did not profit on and lost money themsleves on. Others they got their investment back...and even more...but the companies failed anyway. Those things happen in the free market despite the best efforts of all involved, and are not the intent of the investors going in. But the class warfare people will zero in on those and use them to make the capitalists look like robber barrons.
Romney simply has to go through the whole list...know it by heart...and have a good solid, free market answer for each. If he hasn’t already done that I would be surprised...and he better have it spelled out, naturally, on the tip of his tongue for each and every company because Gingrich first (who has his own ties to investment companies that did the same) and then the left are going to hammer it relentlessly.
I still hope somehow Santorum, Perry and Gingrich can narrow down to a single candidate quickly to coalese the conservative vote. That is the only way they will beat Romney in any case IMHO.
His campaign better get this out there if they want their boy to stay in it:
“At its peak in 1970, the Kansas City plant, then owned by Armco Steel Corp, employed 4,500 people. Poor market conditions forced a wave of layoffs in the early 1980s and led the company to prune its product line. By the early 1990s, the plant focused on two items: wire for products such as mattress springs and tires; and high-carbon balls and rods used by the mining industry to pulverize rocks.”
ARMCO’s fault.
From this comment: http://www.freerepublic.com/focus/f-news/2829920/posts?page=33#33
So a dying company ended up dying? How much of that death was due to the economic & regulatory policies the Obama Regime supports?