I hate Romney with a Passion, but the attacks on Bain are Bullsh*%.
In this case, they purchased a dying company in 1993 and 8 years later - the is EIGHT years later, it went bust and Bain profitted $12 million for that duration. By and large, this was a meager return.
Capitalism must have investors. Not all business ideas are produced by those with the means to position them for success financially. Attacks on Private Equity firms are an attack on capitalism - period! This is not the road we need to go down and we are playing right into the liberal’s hand.
Mitt Romney no stranger to tax breaks, subsidiesPlease guys, stop defending Bain Capital as 'capitalist'.
Romney relied on corporate welfare
Romney: Corporate Welfare Bum
Selling out capitalism in the defense of Romney and Bain
Mitt Romney and 100,000 jobs: an untenable figure
Mitt Romney In 2003: Denounces Classical Republican View On Corporations
Romney likens work at Bain Capital to Obamas auto industry bailout
Repeat After Me: Bain Capital Is Not A VC Firm
BTW, here is another one of her columns:
Froma Harrop: Newt Courting The Donald
I’m past the stage about arguing if the ad is fair or not. Newt took big hits on ads that were plainly false.
What is important to me, is that nationally Romeny will be taking a hit on this, and also locally. Maybe the big rollers down in Florida might not buy into it totally, but just the same the ad is working and it’s getting Newt back in the game....
That’s the goal, to defeat Romney then Obama.