“Mitt Romney was not a businessman; he bought, sold, flipped, and stripped businesses.
He did not build enterprises the old fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” then deliver them back to Wall Street for resale—the faster the better.”
David Stockman—Former Director of the Office Of Management and Budget for Reagan 1981-1985
He did not build enterprises the old fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” then deliver them back to Wall Street for resale—the faster the better.”
David Stockman—Former Director of the Office Of Management and Budget for Reagan 1981-1985