Bain Capital's Staples vs Obama's Bankrupt Solyndra - 0 views
-
Gary Edwards on 19 Jul 12Good article describing the success of Romney's Bain Capital. Does not mention that Obama is outsourcing NASA!!!! And to the Russians no less. Otherwise, great background info on Bain and Romney's role as innovative founder. Bain became the model for an entire industry. excerpt: Mr. Romney has attacked Mr. Obama's Solyndra investment in particular, but he hasn't linked it consistently to the President's failed model of government-led investing or contrasted it with the successful culture Mr. Romney built at Bain. Enlarge Image Associated Press What Bain did is what all successful organizations do: Seek to deliver products and services that are better, faster, cheaper. In some instances that means fewer employees, even if Mr. Obama still can't or won't grasp the concept that we live in a competitive world. How many readers of this editorial have jobs today because the founders of their companies figured out how to spend more money on a slower manufacturing process to create goods of lower quality? *** Overall, Bain capitalism means more successes than failures, and many more jobs. In March of this year, the managing directors of Bain Capital wrote to their investors and reported that, over the firm's 28 years, companies backed by Bain have grown their revenues more than twice as fast "as both the S&P and the U.S. economy." The managers went on to note that after Bain invested, companies have grown their revenues by more than $105 billion globally, including $80 billion in the United States. Bain-backed companies, they added, have opened more than 5,000 stores and facilities during their ownership. Mr. Romney may have thought that debating Bain was a distraction from focusing on the failed Obama economy. But with Mr. Obama using Bain as his main argument against Mr. Romney's record as a job creator, the Republican has no choice but to fight back or he'll lose the election. Americans will choose Bain capitalism over Solyndra crony capitalism,