60 days, 60 stats - #12
Today's number is 70%. Based on his business record, there is a 70% chance Mitt Romney will not bankrupt the country. That's pretty good.
The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain's involvement and shortly afterward.
Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost. 22% + 8% = 30% in my book.
He did great things at Bain, and made a lot of money for a lot of people. Depending on which date you believe for his departure (Mitt is a little unsure when he stopped being CEO there, think about that for a moment), he hasn't been a business man for 10-14 years. As an IT guy with an MBA, I'm here to tell you a lot has changed in the business world in the last decade.
What about Obama? He has no business experience! We lost money on the auto bailout! We lost money on TARP! And, yes, Solyndra failed, representing a whopping 1.4% of the DOE's 1703 loan program. Sounds like he's made terrible business decisions, until I ask you to click on those links which explain that those were all programs started under his predecessor, George W. Bush.
The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain's involvement and shortly afterward.
Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost. 22% + 8% = 30% in my book.
He did great things at Bain, and made a lot of money for a lot of people. Depending on which date you believe for his departure (Mitt is a little unsure when he stopped being CEO there, think about that for a moment), he hasn't been a business man for 10-14 years. As an IT guy with an MBA, I'm here to tell you a lot has changed in the business world in the last decade.
What about Obama? He has no business experience! We lost money on the auto bailout! We lost money on TARP! And, yes, Solyndra failed, representing a whopping 1.4% of the DOE's 1703 loan program. Sounds like he's made terrible business decisions, until I ask you to click on those links which explain that those were all programs started under his predecessor, George W. Bush.
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