Mittens Romney is the current frontrunner for the Republicans in 2012 so it's time we really got to know the man, right? I mean, we all know he looks like a slightly manic sitcom dad and he's a Mormon and brought healthcare reform to Massachusetts when he was governor there. We also know his dad was a governor in Michigan and despite that Romney called for the government to let the auto industry die, which would have killed two million plus jobs in related industries.
What else do we know? We know he made a lot of money selling video porn to hotels. And we know that he ran a "vulture firm" that sought out indebted businesses he could buy up, strip for parts, and sell off--ruining industries and shipping jobs overseas. (More on this below.)
We also know that he'll say anything he thinks people want to hear, in order to get elected.
DownWithTyranny!: Is Mitt Romney A Job Creator-- Or A Job Destroyer?
Eventually a failing AOLTimeWarner sold off Warner Music-- which included the record divisions-- to a consortium of investors that included, prominently, Bain Capital, the vulture firm (that's actually what it's called) run by Mitt Romney, who hopes to propel himself to the White House by claiming to be a job creator. He wasn't; he was a job destroyer-- as a business strategy. In 2008 the Boston Globe explained the Bain strategy of slashing jobs.
A few weeks ago a much-diminished Warner Music sold itself to a Russian Mafia character (an oil billionaire)-- and inside player who was already on the Board-- who basically bought it for the debts it had accrued while Bain and the rest of the consortium destroyed what was once the world's greatest record company and turned it into nothing at all... shedding 4/5 of the employees in the process. That's the Romney job creation prowess. We had over 500 people working at Warner Records USA when Bain came along. Now there are less than 100. And, in the process, Bain made a fortune and everyone else lost, especially the artists and the public and... music. As the Globe explained, Bain "specializes in leveraged buyouts. Leveraged buyouts combine small amounts of investors' money with large amounts of borrowed money to buy established companies, increase their value, and resell them at a profit."