Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

SoutherDem

(2,307 posts)
Wed May 23, 2012, 06:27 PM May 2012

Has anyone crunched the numbers?

Rmoney continued to stress his record at Bain. He WAS claiming 100's of 1000's of jobs he "created". I think he has now lowered that to 10's of 1000's.

The Democrats point out the firings and closings after a business was purchased by Bain.

But, when the ultimate question is asked, when all is said and done is Rmoney's record positive or negative.

Even on NPR which usually is not partial the answer is "who knows" it is too complicated to figure out because there are variables which are not measurable, e.g. if a business would not have been purchased would it have closed sooner, or even more lost their jobs, if Rmoney would have accepted lower profit could more jobs be saves and fewer business closed.

Don't get me wrong, I feel Private Equity Firms are the leaches and vultures of the business world.

And, I personally feel Bain did more harm than good. Further more even if one feels Bain did some good, for that to be Rmoney's record which he is saying he can "fix" America's economy it won't work. You can't fire the state of Mississippi, and close the state of Alaska, out source Florida to the Caribbean.

That said.

Has anyone really crunched the numbers so that with empirical data, it is known once and for all, Bain did good or bad.

Latest Discussions»Retired Forums»2016 Postmortem»Has anyone crunched the n...