Romney Should Be Proud of Bain Work
Bain and companies like it saved America: Daniel Henninger
By John Johnson, Newser Staff
Posted Jan 19, 2012 2:15 PM CST
Mitt Romney pauses speaks at his campaign headquarters in Charleston, S.C., Thursday.   (AP Photo/Charles Dharapak)

(Newser) – Mitt Romney shouldn't distance himself from his work at Bain Capital during the 1980s, writes Daniel Henninger at the Wall Street Journal. In fact, he should embrace it, because Bain and companies like it rescued the country. Forget the caricatures of 1980s Wall Street as the decade of greed. "Properly understood, the 1980s, including Bain, were the remarkable years when an ever-resilient America found a way to save itself from becoming what Europe is now—a global has-been."

All those takeovers and leveraged buyouts improved our "fundamentals," provided a necessary "cleansing" of the economy, and led to the boom years of the 1990s. "Not only did Bain Capital save America, but no matter what turn Mitt Romney's political career takes, Bain Capital may stand as the best of Mr. Romney's lifetime contributions to the nation's economic well-being," writes Henninger. "If only he'd tell the story."

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Showing 3 of 28 comments
Jan 20, 2012 12:31 PM CST
Sure and Charlie Mason should be proud of the Tate killings. Give us a break wtf is wrong with you?
Jan 19, 2012 8:28 PM CST
BHO oversees the deconstruction of America with mIllions of jobs lost and a runaway recession with no end in sight. Lethargy and pessimism are running rampant to the point where one longs for the misery of the Carter Administration. And what does the inept Left focus on? The negatives of capitalism. The Left knows nothing about real-world economics, capital formation or growth. They only know Keynesian government theory, failed Marxist ideology and centralized control (as long as they're in charge). It's almost too funny to watch.
Jan 19, 2012 8:06 PM CST
Rupert Murdock's Wall Street Journal, There's a unbiased news source