2012 Presidential Election (free for all edition)

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Originally Posted by saden1

Great read...the game is the game.

...unlike Romney though, Obama isn't purposefully trying to create zombie companies so he can liquidate them and add their cash reserves to his personal coffers.

Private equity can be a nasty business if you don't get a good term-sheet and Bain Capital can hardly be blamed for it's ruthlessness...it's just business.

I'm under the impression that Bain purchased struggling companies and got them back on their feet and sold them. If I'm correct then you do have to make the needed cuts and sometimes it means jobs and people get hurt. Letting the business go bankrupt cost everyone their jobs not just a few cuts. Staples is one of those struggeling companies Bain purchased then sold after making the needed cuts.