You'd think Mr. Business Experience himself, Mitt Romney, running for president on the basis of how he knows how these things work and could do better than Barack Obama, would have been able to figure that out at the time. But it gets better:
In fact, the task force asked Bain Capital, the private equity company that Mr. Romney helped found, if it was interested in investing in General Motors’ European operations, according to one person with direct knowledge of the discussions.Romney wasn't at Bain at the time this happened, so he wouldn't necessarily know that the government had approached Bain itself. But if there's something Romney's business experience should have given him some insight on, it's the fact that under those circumstances, companies like Bain would refuse to get involved. So—even setting aside the values question, the fact that he wanted the auto industry rescue to involve a whole lot more pain for workers and to break their unions—there's a basic competence question here. Has Romney forgotten how things work in the business where he made his hundreds of millions, or, when he thinks he sees an opportunity for political advantage, does he just conveniently forget?
Bain declined, this person said, speaking anonymously to discuss private negotiations.