More on Romney, the "Job-Creator" Why exactly are people like him superior to government people?
From the LA Times:
Bain managers said their mission was clear. "I never thought of what I do for a living as job creation," said Marc B. Walpow, a former managing partner at Bain who worked closely with Romney for nine years before forming his own firm. "The primary goal of private equity is to create wealth for your investors."
Four of the 10 companies Bain acquired declared bankruptcy within a few years, shedding thousands of jobs. The prospectus shows that Bain investors profited in eight of the 10 deals, including three of the four that ended in bankruptcy.
-- LA Times Article here
Buy Ayn Rand Hates Tuscaloosa, And You Too, Joplin!
Available at Amazon.com for Kindle Also on Barnes and Noble for Nook
Coming soon in paperback!