Romney's Bain blowback
January 10th, 2012
01:46 PM ET
3 years ago

Romney's Bain blowback

New York (CNNMoney) - Is private equity an acceptable form of capitalism?

That's the curious debate that has broken out within the Republican Party as primary frontrunner and former Bain Capital executive Mitt Romney creeps closer to a presumptive victory in New Hampshire.

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Filed under: 2012 • Mitt Romney • President Obama • Rick Perry • Rick Santorum
soundoff (36 Responses)
  1. Truth and Nothing But the Truth

    Yeah, Romney should never have risked any money and spent any time on trying to save companies that were struggling and in danger of going out of business. The leftist loonies here think it would have been much better to see them ALL go out of business and throw every single person into the unemployment lines. Yes, THAT is the looney lefts definition of "fair" and having a "level playing field".

    But I wonder why Obama and the Democrats aren't throwing the taxpayers money out there to save all these companies??? They did it with Solyndra AND FAILED, costing 1500 people their jobs. But of course that boondoggle was part of their "green jobs" scam so I guess that's OK to flush HALF A BILLION of our hard earned dollars down the tiolet.

    January 10, 2012 03:43 pm at 3:43 pm |
  2. Joe from CT, not Lieberman

    I had to look twice! I thought the opening sentence read, "Is private equity an acceptable form of cannibalism?" Must be a Freudian Slip considering that the Republicans are currently eating their young and throwing each other under the bus.

    January 10, 2012 03:58 pm at 3:58 pm |
  3. Tony

    Lies and Nothing but the Lies,

    So you are in favor of taxpayer bailout of the auto companies?

    January 10, 2012 04:07 pm at 4:07 pm |
  4. Anonymous

    If people can't grasp the fact that Romney will do or say anything to become president than the repo party is doomed. This rich mans son is totally cut off from the common man and has no intention of changing . Putting on a pair of jeans does not make him a good ol boy. And if he is a good mormon I am afraid that will have a lot to do with the decissions he makes. Being a businessman does not make him qualified to be president especially when his interest where to create caapital for the companies he worked with. His job was not to create jobs but to increase capital and cut expenses. Good by workers.

    January 10, 2012 04:11 pm at 4:11 pm |
  5. Rudy NYC

    Truth and Nothing But the Truth

    Yeah, Romney should never have risked any money and spent any time on trying to save companies that were struggling and in danger of going out of business.
    ----------------
    Spin it anyway you like. Vain Capital's only concerns were self imposed quotas and to make a profit for their investors. Newt has been citing an example of a company they invested $30 million, and realized a return of $180 million when it went bankrupt and closed. That's $180 million that Vain Capital took OUT of the company, which inarguabley contributed to its' bankruptcy. I would bet you "ten thousand dollars" that company would have survived had Vain removed less cash from it.

    January 10, 2012 04:14 pm at 4:14 pm |
  6. Lies and Nothing Butt Lies from the GOP

    When it comes to our government the mind-set of the GOPT-baggs is and always has been to "starve the beast".
    Which in reality translates to they want to destroy our government and replace it with their ideal profit-driven corporate welfare system.
    The GOPT-baggs don’t care about our health-care, our jobs, our schools, our children, our police or fire departments, etc., they can and in many cases do buy their own.
    You don’t think Haliburton, KBR, “Z” (Blackwater), and all the other mercenary corporations wouldn’t love US Law enforcement contracts on all levels – including civilian.
    They see our government as one of their profit centers – why else do they demand “for-profit business experience” is required to be President.

    January 10, 2012 04:16 pm at 4:16 pm |
  7. Sniffit

    "But I wonder why Obama and the Democrats aren't throwing the taxpayers money out there to save all these companies??? They did it with Solyndra AND FAILED, costing 1500 people their jobs. "

    What the heck are you talking about? The only thing that happened there was that Solyndra failed to take off and keep the jobs the federal gov't helped them create. That's the inverse of what Mittens was doing, not in any way analogous or even remotely appropriate to say that the gov't somehow "cost" Solyndra employees their jobs. Moreover, the federal gov't didn't invest in Solyndra, then charge Solyndra millions upon millions in "management" and other fees designed to siphon off Solyndra's profits and then lay off a giant chunk of the workforce, offering them their jobs back only if they would take reduced pay and decreased benefits essentially to pay for the millions upon millions being siphoned out of the company. THAT is what Bain did and does and it is not even close to similar to what the gov't did helping Solyndra secure loans to start up its business. Get a clue, stop lying and grow up.

    January 10, 2012 04:21 pm at 4:21 pm |
  8. Marcus

    Truth and Nothing But the Truth
    Why do you keep this pen-name if everything you said can be debunked within seconds of research?
    He did exactly what you said that the 'lefties' would have liked to see happening!
    If thyat's the case then why are we against the job-cremator?
    Because, again/as always, Truth..., you lied.
    And lied very poorly.

    January 10, 2012 04:22 pm at 4:22 pm |
  9. CBR

    Mr. Romney left the governorship of MA for all practical purposed when he ran for President four years ago. Lt. Gov Healy did a respectable job yet when she ran he was nowhere to be seen, Ms. Healy did all that he asked and more as his Lt. Governor. He then sold his house and moved to Mich8igan to prepare for his next run at the White House.

    It seems as if his governorship was simply a step toward a run for the White House. He could not run just because of his job in Utah with the Olympics.

    January 10, 2012 04:36 pm at 4:36 pm |
  10. Sniffit

    "He then sold his house and moved to Mich8igan to prepare for his next run at the White House. "

    Yes, but I believe he still uses an address based on a basement apartment owned by his son in MA as his address for voting purposes so he can continue to screw with MA politics.

    January 10, 2012 04:44 pm at 4:44 pm |
  11. george of the jungle

    Bet you ten thousand dollars he like firing people. !!!!

    January 10, 2012 04:51 pm at 4:51 pm |
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