Sunday, August 12, 2012
That's Not How You Make Profits
Liberals like to accuse Bain Capital of “loading up companies with debts” and “walking away with big profits when they go bankrupt.” I don’t know what their reasoning is on this, if there is any reasoning at all, but that’s NOT how you make profits in Bain Capital’s business. You buy failing businesses after being INVITED to do so. You try and make them profitable through better management. If you succeed, you both make a profit. If you fail, they go bankrupt and nobody makes anything. Bain succeeded in more than 80% of the cases. Some companies you CAN’T save. Those are the ones the Democrats concentrate on while twisting the system to make Romney look bad. This shows graphically that Democrats haven’t a CLUE how to make profit, OR how to salvage a failing company. (Just common sense)
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