Yes, not a good move. I thought Mittens had better debate skills than that.
Here's Romney on GM on 31 May 2009, just before Zero took it over:
I do think leverage buyouts are more like vulture capitalism and much preferred Cain's Main Street background, but what Romney did was legal. However, it also sounds like the taxpayers were on the hook for some of the money on some of the deals that were done by Bain.
But, I don't know how Obama got away with taking over GM and giving it to the unions without paying off the lenders. Romney's comparison between Obama’s GM takeover and Bain’s leverage buy outs was just nuts. Romney doesn't seem to have a grasp on capitalism.
Romney can tout his experience at Bain, but this experience is going to take him out in the general election. I don't see anything to admire here on some of the leverage buyout deals. If he really did create all those jobs, why won't they release the information to check it out.
I do think leverage buyouts are more like vulture capitalism and much preferred Cain's Main Street background, but what Romney did was legal. However, it also sounds like the taxpayers were on the hook for some of the money on some of the deals that were done by Bain.
But, I don't know how Obama got away with taking over GM and giving it to the unions without paying off the lenders. Romney's comparison between Obama’s GM takeover and Bain’s leverage buy outs was just nuts. Romney doesn't seem to have a grasp on capitalism.
Romney can tout his experience at Bain, but this experience is going to take him out in the general election. I don't see anything to admire here on some of the leverage buyout deals. If he really did create all those jobs, why won't they release the information to check it out.