I’ve done a lot of research into Bain Capital, and while they did and have helped many struggling businesses - they are not into job creation. Their primary interest is to the investors and they leave the management and employee problems to the companies they bail out. Some were successful - some weren’t. That’s all a part of a capitalistic society.
That’s the reason Mitt said that GM should be allowed to go bankrupt, and they should have. They could have reorganized under a chapter 11 and the taxpayers wouldn’t have been on the hook for the bailout.
There is much more to what venture capitalists do than what I care to go into detail here.
I also understand what Mitt is going to do to the big government bureaucracy after understanding what was done at Bain Capital to trim costs. Big government is going to be squealing like stuffed pigs when he gets done with them. I’ve heard him mention the 47 (?) different jobs programs that he wants to reorganize. And, he will. It will cut costs for the government and save taxpayer monies.
I suggest others do some research on this subject of Bain Capital - it is quite eye opening. Their main focus, of course, was and is for profit.
You are right I really know very litle about venture capitalism. I can understand the concept but I haven’t really researched Bain at all because around here NO ONE understands what Romney did at Bain. The deranged liberals just hate him because he is rich they don’t care or understand how he got there.