DN: Reports on Mitt's ability to revalitize American business. Sure?

This report by LA reporter Bob Drogin. Tells of Mitt's connections to
$$$
Romney’s Bain Capital Profited through Offshore Tax Havens, Closing U.S. Factories, Laying Off Workers
During his campaign, Republican candidate Mitt Romney has preached a message of economic populism by vowing to fight to keep jobs in America. We take a look at Romney’s days heading up the buyout firm Bain Capital with Los Angeles Times reporter, Bob Drogin. He writes, “From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies. In some cases, Romney’s team closed U.S. factories, causing hundreds of layoffs, or pocketed huge fees shortly before companies collapsed.”
**
BOB DROGIN: Yeah, that’s correct. I mean, the first thing is, it’s not an investment firm, as someone just said. An investment firm is something where you make an investment. It’s a buyout firm. In 1984, he was tapped to set up a—what began as a venture capital spin-off of a management consulting firm in Boston called Bain & Company. And Bain Capital began with these small investments in what were then startup companies, but very quickly, within a year or two, it became what’s known as a leveraged buyout company. They would put up a million dollars or so and borrow ten or twenty or fifty more and buy into troubled companies and then strip assets and lay off workers and close factories and do whatever they needed to do, charge enormous fees and sell it as quickly as possible.


Over the years, by the time he took a leave of absence in 1999, they had bought and sold more than a hundred companies. And it’s a little difficult to figure out how many jobs were lost or how many jobs were created, and I’m sure that overall there was probably a net gain in jobs in that period, but there are a number of cases that I was able to track where they did close companies, close factories, where they made staggering profits in the hundreds of millions of dollars, shortly before companies crashed off into bankruptcy.


You know, this was the so-called decade of greed, and these were guys who were very much in the model of the Gordon Gekko


http://www.democracynow.org/2008/1/17/at_times_romneys_bain_capital_profited

the last thing we need is one of these so-called CEO presidents.
Especially ones with shitty track records. Geez.