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Bill Clinton criticizes Obama's Bain attacks, praises Romney's
Clinton is absolutely right about this, but will the Obama camp listen?
Bain saved FAR more jobs than they eliminated. When companies grow by acquisition, such as Clear Channel, they acquire massive amounts of debt and redundancy in their work force. Eventually the rubber meets the road, and it's either restructure, or go bankrupt.
It is a tremendous skill to reorganize failing companies with upside-down balance sheets into viable companies that can continue onward.
Without restructuring, instead of a few people in a company losing their job, everybody loses their job.
Obama is betting that people are too stupid to understand that.
"I think he had a good business career," Clinton told guest host Harvey Weinstein, a movie mogul who is one of Obama's top fundraisers. "There's no question that in terms of getting up and going to the office and, you know, basically performing the essential functions of the office, the man who has been governor and had a sterling business career crosses the qualification threshold."
Clinton is absolutely right about this, but will the Obama camp listen?
Bain saved FAR more jobs than they eliminated. When companies grow by acquisition, such as Clear Channel, they acquire massive amounts of debt and redundancy in their work force. Eventually the rubber meets the road, and it's either restructure, or go bankrupt.
It is a tremendous skill to reorganize failing companies with upside-down balance sheets into viable companies that can continue onward.
Without restructuring, instead of a few people in a company losing their job, everybody loses their job.
Obama is betting that people are too stupid to understand that.