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Romney made Bain the Center of the Jobs Issue

Romney made Bain the center of the jobs issue |

[A]s Randy Johnson astutely observed in our profile.... “None of what happened in Marion in the 1990s would be very interesting,” Johnson notes, “if Mitt Romney had not built his entire political career on the claim that he’s a job creator.”

We also interviewed Marc Wolpow, a former Romney colleague at Bain, who defended the buyout business as promoting American competitiveness. The main goal at buyout firms, however, is never maximizing employment, Wolpow told us. It’s maximizing returns for investors. “The facts,” Wolpow said, “tend to get lost in the political spin.”

source:  Mitt Romney’s Private Equity Nightmare – Businessweek.