Not only private equity deals are in trouble today, but many, many other businesses too. The only wonder is that any businesses are surviving the Obama depression.
Durden’s piece is completely irrelevant to the performance of Bain during Romney’s reign. It is also irrelevant to the performance of PE funds before 2008. The fact is that Bain was very successful from 1984 to 1999. Romney did a good job. Unfortunately, his brains must have fallen out when he entered politics.
The Bain attack is dishonest and stupidly short-sighted. Romney needs to be stopped, but adopting criticisms worthy of Michael Moore is destructive.
MMMmm...pardon me, but destructive to WHOM? The left will pound this at him if he is the nominee...see my tagline!
What is short-sighted is that Romney supporters can't see that all of his baggage will be aired out if he is nominated. He can never win the general! The independents will run from him and the conservatives don't trust him, while the Evangelicals will stay home.