His firm buys companies that otherwise would not have access to capital due to their dire financial situations. This allows the companies to continue to operate and potentially recover...maintaining jobs. In some cases, they have to liquidate which is the path the company was heading down anyway.
His firm had bad investments where liquidation was the end result anyway, and success where a healthy, profitable and growing company emerged as the net result... which maintained jobs, and/or grew them.
Try to look at it from all angles please.
Actually, this is a fair point. As much as I'm against Romney some are simplistic in what they attack him for.
He was wrongly attacked for his 'likes to fire people who provide him service' comment, which was misrepresented by both parties.
He was wrongly attacked for his 'consulting fees weren't much' comment - a bit of criticism was valid but I think he meant compared to his other income.
And it's easy to attack him for the firings from Bain capital but as you say these were companies in trouble who chose this option. There's unfair demonization.
I don't know all the details, though the very large amonts of profit taken increase the chance there was exploitive activity - that's possible.
But the real issue isn't that, it's things like his utter whorishness about saying anything to get elected and serving the agenda of wealth to an extreme terrible for the nation.
Lowering the taxes on the rich like him is the last thing we need to do.
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