|It was a job - get over it.|
Between Gingrich and Perry's utterly pathetic attacks against Romney (which make them both a bit to the left of Obama) and the overeaction of a few faux-right pundits who think this will be used as an iron cudgel during the general election, the discourse has been seriously dissappointing. Even FOX News seems to have difficulty describing what venture capital/private equity companies actually do. Bill O'Reilly exclaims it's "real complicated". It's not! Struggling companies look for private equity investors to invest in their businesses and essentially "bail them out". In committing funds they retain ownership rights in the company, and in turn make tough business decisions as how to save the business. This can entail layoffs, cancelling product lines, shutting down factories or finding another buyer, partner or investors. Over time the equity investor works to rebuild the company and sell it to a going concern to reap return on what is frankly a risky investment.
Please note how this is incredibly different from the government (or Obama) using your taxpayer dollars to do the same thing. The government doesn't innately look for a return on its investment (ROI), but private entities do - thus they usually take more expedient and direct action. Nevertheless, we still have purported conservative websites crying that this raft of bad news will hurt Romney and the Republican chances of overtaking Obama. If giving up on the free enterprise system is the way some "conservatives" think we should retake the White House, then the terrorists really have won. Fortunately, it looks like Gingrich's sucker punch is having the opposite effect as Romney's lead is now widening in South Carolina.