Saturday, September 08, 2012


The Democratic Party is demonizing Bain Capital.

Certain facts about Bain Capital bear consideration (hat tip to Z!), and the GOP needs to bring out these facts.

Excerpt from the conclusion of "Look Who Parks Their Cash at Bain," an article dated August 31, 2012:
Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired? If so, union bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bain’s economic Darwinism.

If, however, these institutions relish the yields that Bain Capital generates by supporting start-ups and rescuing distressed companies, 80 percent of which have prospered, then this money is honest — and Team Obama isn’t.
Among the groups which have benefited from Bain Capital:

* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)

Read the entire article HERE.

1 comment:

Z said...

thanks for the hat tip.
I sincerely hope Romney, or Ryan, bring this up. I believe it would be stunner even for libs...don't you!?