Mitt Romney ran Bain Capital, a company that operated a business modelnearly exclusively built on firing employees, canceling pensions, loading businesses with debt, taking millions in profit, and walking away. His claim is that he saved businesses but nearly a quarter of those Bain Capital touched went bankrupt; this occurred even with previously healthy companies. Countering the notion that Romney and Bain Capital were venture capitalists who developed new jobs, Aaron Goldenberg, wrote:
“Mitt Romney was NOT primarily a venture capitalist. A venture capitalist invests in early-stage businesses with the hope that they grow and prosper…By contrast, Mitt Romney was primarily what is affectionately known as a vulture investor. Bain Capital invested in failing companies with the intention of either restructuring their business or stripping the business and selling its assets.”
Goldenberg goes on to say that while what his company did may not have been evil or immoral (which is debatable), it was absolutely predicated on the belief that eliminating jobs was the best way to go even when bankrupting businesses could have taken other measures. It shows that Romney’s track record as a job-creating businessman is abysmal. It would take a hardened heart to look in the mirror each day, knowing that your business was in the business of forcing people out of their livelihoods, regardless of the justification. But, in and of itself, this fact doesn’t prove that Romney is a psychopath. Instead, an alarming anecdote shared by Rachel Maddow on her show does point to Romney’s issues with lack of empathy or remorse.
More HERE.
