Cumberland Times-News

Opinion

October 8, 2012

Bain Capital’s investments are paying off; the others are not

Mitt Romney’s Bain Capital invested investors’ money in the following companies:

AMC Entertainment, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino’s Pizza, Dunkin' Donuts, Guitar Center, Steel Dynamics, The Spots Authority, Staples, Toys “R” Us and Warner Music Company, to name a few. Batting average 80 percent.  

On the other hand, We have the following: Solyndra, bankrupt; Ener 1, bankrupt; Beacon Power, bankrupt; Abound Solar, bankrupt; Aminix Solar, bankrupt; Spectra Watt, bankrupt; and Easter Energy, bankrupt; Solar trust of America, failing; Bright Source, receivership; LSP Energy, bankrupt; Enegy Conversion Devices, bankrupt; Sun Power, failing; Beacon Power, bankrupt; Ecotality, in receivership, A123 Solar, bankrupt; UniSolar, failing, Azure Dynamics, failing; and Evergreen Solar, bankrupt.

These are taxpayer monies gone forever. Around $4.5 billion has been lost by these few, so far. All of these are campaign contributors to the original Obama Campaign. 

Who’s the greatest outsourcer of jobs to China? Grand champion is the General Agreement on Tariffs and Trade. William Jefferson Clinton’s lame duck Congress!

   Jane Webster

Cumberland

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Opinion
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