mikeandgerry wrote:OMG. NO ONE READS. The companies that Bain bought were dying already. They took risk to save them. A few they saved. Many they didn't. Kaybee was getting destroyed because they were small stores in expensive malls. Toys are a cut throat business. Toys R Us, Wal mart, and every other big box was killing them. So no, Bain did not destroy them. Yes, Bain did get people to put up money in the form of loans. Those who borrow must do their own due diligence. There were no ethical breaches.
Jobs are created by successful business. Businesses are successful when risks are minimized and products are in demand. Romney and Bain were bottom feeders in business but that doesn't mean that they didn't have business acumen. Romney would have been a better job creator than Obama without a doubt. Romney knew the obstacles to business and would have worked to remove as many as possible. Obama just builds obstacle courses.
Jobs follow from opportunity. In the last four years no net new jobs have been created. Obviously, no opportunities have been created. However, we do have 4000 new business regulations issued by the administration within the last month. Go figure.
Of course Romney knew the "many obstacles". They were created for Business people just like him. Like Bush before him, he would have removed many of these, yes I agree. Those were put in place to avoid the debacle that Bush/ Cheney created within those 8 years that came within a whisker of sinking not only our national economy but the world economy with it. It's taken time to dig out of that hole and I for one am thankful that we'll never get to see what havoc Romney would have reeked. We tried that, been there, seen that and still got to the tee shirt. I'm very bullish that we are heading in the right direction and most of the markets agree. We'll see what happens with the "fiscal cliff" but the obstructionism the GOP practiced for the last 4 years is counter productive and has hurt the nation. Hopefully that's over and both sides can work toward prosperity reguardless of who's in office.