re: #5 Romantic Heretic

If that’s the case these companies are in desperate need of a good PR firm. If the meme of companies like Bain is that they are parasitic it would be wise to counter it.

I am not defending Bain. I am pointing out the gamesmanship of mis-characterizing the nature of these firms’ activities. I am certain that the folks at Bain who make management and investment decisions are motivated by profit, and profit alone. But they are no more “job destroyers” than the management of Eastman Kodak, which has reduced its workforce in the Rochester, NY area by over 90% over the past 30 years (5,000 job of 60,000 local jobs remain). Despite this horrendous record, the CEO of Kodak was named to President Obama’s Jobs Council. If Kodak fails to emerge form bankruptcy, most of the remaining 5,000 jobs will similarly be lost. Is that a better scenario than if KKR took over the company and fired 2,000 people and was able to structure a successor company that kept 3,000 positions plus additional debt?

BTW, I am also not attacking the Obama campaign and defending Romney. I just think that Democratic political nonsense deserves equal time in being pilloried.