Jarhead
Gold Member
- Jan 11, 2010
- 20,670
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Bain and Romney are perfect central casting Hollywood for the "bad guy". They took companies with good paying jobs and closed them down, "restructured" them with fewer benefits, offshored them to other countries and laid off thousands of workers. Because of that, cardboard cutout Romney isn't going to get much traction in places where the only jobs to be had are McJobs like Bain now produces. It isn't going to give people out of work or afraid to be out of work much comfort when Romney touts his "job creation" success at low wage, no benefits jobs like Staples.
Companies like Bain are exactly why there is so much populist anger out there and that is going to be put in stark display in the next year.
Just so you understand...
Bain made their money buy doing the following....
They looked at really good ideas and determ,ined why those really good ideas were not runing a profit and why those really good ideas were going to go out of business.
They then made tha appropriate adjustments to allow those really good ideas make a profit.
Now..if it meant streamlining personnel...so be it for if it were not for Bain, ALL employees would have ultimately lost their jobs.
Seems you prefer throwing good money at bad business models and costing EVERYONE their jobs....and more money borrowed that cant be paid back when the company goes under.
Cant figure out why you seem that a good idea.
To make MORE profit. The companies were already profitable or Bain would not have been able to secure loans based on the acquisition of those companies. Companies they then chopped up and sold off, making money for their investors. That is the reason they exist. Venture capitalists are not "job creators", they are money makers, period.
That isn't going to play well in towns that saw their steel mills and paper mills closed down because it's cheaper to import shit from overseas and these companies can make more MONEY.
Correct. They are not in the business of creating jobs...they are in the business of turning failed business models around.
However...the result is jobs created.
Please tell me what PROFIT industry is in the business of creating jobs.
FYI...there is none.