Actually, if the left and the left media wanted to have any honesty, Bain has had a pretty good rate at saving and creating jobs...yes, even here in America. But, that's not the mantra from the left in this election cycle with a president that has no policies in which to boast about in this campaign.
I don't know about you, but Dante won't like this post one bit.
Well, no, they really didn't. They were operating in the 1990's, where Corky the Moron could run a company and still do pretty well. You know, back in the good old days when we had 4% unemployment and the worst thing we had to worry about was whether a president was getting a blow job.
When Bain destroyed jobs, it was often in communities like Marion, IN, where that factory was the biggest employer. So then it was a big deal. Other places, yeah, the jobs got destroyed, but people could find new ones.
The point was Bain's purpose was not to create jobs. It was to make a quick buck for its investors, which is exactly what was wrong with the whole thing that venture capitalism had devolved into. There's no building of business or community, it's just, "How can we quickly flip this company to make a buck?" And frequently that involved eliminating jobs or reducing wages and benefits to create the illusion of profitability before foisting that company onto someone else. Sometimes that involved taking on a shitload of debt to build up other divisions that were sold off (as in the case of AmPad.)
Now, I'll give Romney credit that he was very good at this game, but ignoring the inhumanity of it for the moment, does this actual translate into the ability to run government?
His record in Massachusetts would say no. His job creation was limp (47 out of 50), he was massively unpopular as a governor (48 out of 50 in popularity. He even came in behind Blago!)
He didn't even stand for a second term and the most telling thing, he isn't even going to try to win his home state in the general election.
