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View Diary: New DNC web ad "Outside the Circle" SURGICALLY REMOVES THE ENTRAILS of Mitt Romney (153 comments)

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  •  Thanks, appreciated (0+ / 0-)

    Quite specifically, I wanted to know if there is any truth to Romney giving himself credit for turning around troubled companies.  It's one thing to make bundles of money with good investments.  It's one thing to justify killing off companies by claiming they were going under any way (so, hey, why not help myself to their last assets while delivering the coup de grace?)

    But he has often proclaimed that he can turn around a bad economy, because he turned around troubled businesses.  And it occurred to me, I've never heard of any such success story.

    •  WSJ mentioned a small optical company (0+ / 0-)

      that was a big winner for Bain. It appears they bought it when it was tiny and it grew significantly while they owned it. So that was one example. If they were poison to every company they touched, it would be hard to get investors for their funds and hard for a company to accept a takeover offer fromj them. They weren't quite that bad, but quite a few companies wish they hadn't ever had Bain ownership.

      •  I don't doubt or dispute (0+ / 0-)

        that Bain made good investments, and that they added value.  Probably, mostly, by having enormous capital to throw at the company, maybe through their wonderful management skills.

        IIRC, that medical waste company, the fetus-disposal-are-R guys, that went wildly successful when Bain bought out its main competitor.  There's lots you can do with money.

        But: I still have never heard of a company that was struggling, going under, that Mitt "turned around."

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