REALITY: Governor Romney’s private sector
record is one of success and turnaround, despite many investments in
companies that were failing at the time.
Eighty percent of the companies Bain Capital has invested in from its founding to today have grown revenues. When companies grow, they are able to hire more workers and our economy grows.
Bain Capital pursued an investment strategy that often included targeting companies in decline and trying to turn them around. In most cases, it held the companies for many years and invested a significant amount of human and financial capital into improving operations to help revive these struggling companies.
When President Obama attacks Governor Romney’s record in the private sector, he’s also attacking our country’s greatest engine for job creation: the free enterprise system.
REALITY: The major investment beneficiaries of Mitt Romney’s work in private equity – and private equity in general – are the investors in the fund.
The investors include pension funds, charities, and universities. In fact, over half the money invested in private equity is from pension funds and charitable foundations alone. The success of private equity investments helps provide secure retirements for seniors, allows charities to serve their communities, and provides universities with the resources they need to educate our youth.
Read more: http://www.mittromney.com/blogs/mitts-view/2012/06/obamas-false-attacks?cct_info=1|25219|7946991837|140658214|7857667174||24705677854|tc||d||articles.latimes.com|&cct_ver=3&cct_bk=barack%20obama%20ad&gclid=CP-H6vyKiLICFYac7QodbTEArA
Eighty percent of the companies Bain Capital has invested in from its founding to today have grown revenues. When companies grow, they are able to hire more workers and our economy grows.
Bain Capital pursued an investment strategy that often included targeting companies in decline and trying to turn them around. In most cases, it held the companies for many years and invested a significant amount of human and financial capital into improving operations to help revive these struggling companies.
When President Obama attacks Governor Romney’s record in the private sector, he’s also attacking our country’s greatest engine for job creation: the free enterprise system.
REALITY: The major investment beneficiaries of Mitt Romney’s work in private equity – and private equity in general – are the investors in the fund.
The investors include pension funds, charities, and universities. In fact, over half the money invested in private equity is from pension funds and charitable foundations alone. The success of private equity investments helps provide secure retirements for seniors, allows charities to serve their communities, and provides universities with the resources they need to educate our youth.
Read more: http://www.mittromney.com/blogs/mitts-view/2012/06/obamas-false-attacks?cct_info=1|25219|7946991837|140658214|7857667174||24705677854|tc||d||articles.latimes.com|&cct_ver=3&cct_bk=barack%20obama%20ad&gclid=CP-H6vyKiLICFYac7QodbTEArA
No comments:
Post a Comment