And so it begins: CNN reports on Romney’s riches resulting from Bain-ordered layoffs

Reporting for CNN’s The Situation Room, Brian Todd highlights the core business strategy of Bain Capital, the private equity company that essentially purchases troubled companies at a relatively discounted price, then re-engineers the business model in hopes of taking the company public or re-selling at a much higher price than it was purchased. It’s a simple capitalist equation, though often times the re-engineering of said troubled businesses led to job losses. It makes sense that some jobs would be rendered redundant in an effort to increase efficiencies and profitability, and Bain Capital was very successful at this process. But as we so often see in political season, common sense matters less than the actual narrative put forth by a front-runner’s detractors.