Bain capital will be the death of Romney.
I tend to agree. When you investigate what actually happened there, it's a goldmine. Certainly enough to turn any independent conservative like myself from ever thinking about voting for him.
What was improper with what Bain did again? I mean taking over sick companies, and trying to resuscitate them, and if they can't be profitably reanimated, killing them off, seems to be benign creative resurrection and destruction to me. It is what drives productive capitalism Sam. Surely you know this.
What Mitt did is precisely the same thing that is bringing this country to its knees - crony capitalism.
Basically, when you study the history of Romney and Bain Capital, you come up with this - his “brilliance” at business is mostly a result of his connections. Much like those who've gone to the various high-end business schools, he thinks he's the smartest person in the room by following this rule: "Why worry? I got mine, you got yours, I’ll be gone and you’ll be gone when this crap blows up." That attitude, so common among the private equity crowd, is what is destroying us.
Romney and Bain Capital have a history of sacking people and then have an even longer history of installing stupid management into companies - people who had no clue what they were managing. In other words, they put their idiot buddies into startups and turn-around situations, and didn't care about the actual result so long as they made a return on their investment through levered debt and equity positions in a company.
Obama is simply waiting to paint Romney as Gordon Gekko, and it'll be quite easy based on what I've looked at.
