Slideshow: Bain’s Biggest Busts

The central thesis of Mitt Romney’s presidential campaign is the argument that his business experience has left him uniquely well-prepared to run the American economy and spur job growth.

“In the business I had, we invested in over 100 different businesses and net-net, taking out the ones where we lost jobs and those that we added, those businesses have now added over 100,000 jobs,” Romney has said.

Although fact checkers have debunked Romney’s 100,000 jobs claim, it is true that some of the companies that Bain invested in — such as Staples and The Sports Authority — have prospered. Many others have not. In fact, according toThe Wall Street Journal, 22 percent of the businesses that Bain invested in during Romney’s tenure went bankrupt within 8 years

Here are 6 of the companies that suffered major job losses under Bain’s leadership:

Ampad

385 jobs lost.

GST Steel

750 jobs lost

Dade International

1,900 jobs lost.

Dynamic Details, Inc. (DDi)

2,100 jobs lost.

Clear Channel

2,500 jobs lost.

KB Toys

3,400 jobs lost.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

History And Terror In The Skies Over Israel

Anti-missile system operating against Iranian drones,seen near Ashkelon, Israel on April 13, 2024

Photo by Amir Cohen/REUTERS

Iran has launched a swarm of missile and drone strikes on Israel from Iranian territory, marking a significant military escalation between the two nations. Israel and Iran have been engaged in a so-called shadow war for decades, with Iranian proxies like Hezbollah rocketing Israel from Lebanon and Syria, and Israel retaliating by launching air strikes on Hezbollah missile sites. Israel has also launched strikes on Iranian targets in other countries, most recently an airstrike on part of the Iranian embassy in Damascus, Syria, which killed several top Iranian “advisers” to its military, including Mohammad Reza Zahedi, a senior officer in Iran’s Quds Force, an espionage and paramilitary arm of Iran’s army.

Keep reading...Show less
Whose Votes Does Biden Need To Win -- Hard Left Or Haley Republicans?

President Joe Biden

How A Dire Shortage Of Poll Workers Threatens Our Democracy

Barack Obama got it right. He refused to be held captive to his party's left wing. He adopted a strenuous policy of border enforcement, even as some Latino activists threatened to withhold their support for him. He had tense relations with Israeli leader Benjamin Netanyahu, but when anti-Israel protesters interrupted a Biden fundraiser over the Gaza conflict, Obama reprimanded them: "Here's the thing, you can't just talk and not listen." And the hall broke into applause.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}