comments_image Comments  Mitt Romney Wouldn't Know a Free Market
If It Bit Him on the Ass  At Bain Capital, Romney used the tax
code to redistribute wealth from taxpayers to his investors and
partners.  The lion's share of the wealth Mitt Romney
accumulated during his years at Bain Capital was extracted not
only by laying off workers and raiding their pensions, but by
using what conservatives call “big government” to redistribute
wealth from taxpayers to Bain's investors and partners.  Bain
Capital was not in the business of creating jobs, or even saving
companies over the long-term. Its model had a relatively low
rate of success; a study by Deutche Bank found that 33 out of 68
major deals cut on Romney's watch lost money for the firm's
investors. Its richest deals made up for the flops, however, and
Bain's partners were guaranteed hefty fees regardless of how the
businesses they “restructured” ultimately performed.  Romney and
his partners then exploited a loophole in the tax code that
allowed them to pay ju