Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Laissez-faire capitalist

I can name two dozen major problems with Romney, but his business experience is not one of them. Bain helped build some magnificent brands and helped turn around some failing companies. This is the one feather in Romney’s cap, in my opinion. He knows how business works.


13 posted on 01/10/2012 9:15:12 AM PST by ilgipper (Everything you get from the government was taken from someone else)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: ilgipper

Totally agree with you. The lack of basic understanding of capital markets displayed by some of the commentators here is truly staggering.
These were sick, failing companies that were hemorrhaging money. Private equity firms are typically the last shot before a company files for bankruptcy, where there is a zero percent success rate.
Bain is like a doctor treating a cancer patient; it is a minor miracle any of them survived. Don’t blame the doctor because the patient dies.


23 posted on 01/10/2012 9:25:40 AM PST by slackerjack
[ Post Reply | Private Reply | To 13 | View Replies ]

To: ilgipper

Sweeping generalization.


24 posted on 01/10/2012 9:33:04 AM PST by Laissez-faire capitalist
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson