Bain and Capitalism
Are the attacks on Romney and Bain Legit?
The first goal of investing in anything is to make money from your investment, this of course is what Bain Capital does with companies. If you watch the attack ads, along with the people inside the Obama campaign they certainly paint a much different picture. They claim that Bain buys companies, then proceeds to load that company with debt before running away with the cash. The question is how could Bain continue to buy and invest in companies if they ran their business as Obama portrays them. Bain has done business for 28 years saving many companies along the way but not all of them. If all they did was raid companies then could somebody explain how they are still in business?
What Obama did with GM and Chrysler is what venture capitalists do, take struggling companies and attempt to save them. So maybe Obama should be asked about his venture capitalism, many jobs were lost in the re-structure and we know GM is building a new plant in Mexico. Bain’s investments in companies has saved many more jobs than lost, not all struggling companies can be saved. This is the cycle of Capitalism, one company goes out of business and others are opened or expanded to meet the need of consumers. The Capitalist, Free Market system has been the backbone of the greatest expansion of wealth creation here in the United States and around the world.
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