It seems like the bottom line is that a lot of jobs disappeared after Romney’s bain takeovers. Things is its hard to know for sure if this wouldn’t usually have happened anyway. The takeovers focus on underperforming companies. If Romney saved a few and made a bundle that great. But judging he did that, or “looted” companies is more an article of faith on what would have happened with no Bain capital is the point.
It seems like the bottom line is that a lot of jobs disappeared after Romney’s bain takeovers. Things is its hard to know for sure if this wouldn’t usually have happened anyway.
I’ve been looking at a method for demonstrating this very thing for a bit now. I don’t know how I might go about it.
I haven’t looked upon Bain as a corporate raider type – ones who basically come in to steal the assets and leave rumble behind – but as turnaround specialists. Nonetheless, the turnaround simply involves layoffs – not creations. On the other side, the venture capitalist side can help with job creations. Nonetheless, he has not impressed me with his answers on this issue.
Heard even Krugman say today that there really is no way to characterize Bain’s jobs record with any certainty. And that Bain was far from the real culprits of the ’00’s.
I think that whether it hurts Romney or not will – like everything else – depend on how the economy is doing. And, of course, who we’re blaming on November.