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.
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. Dont blame the doctor because the patient dies.