Donald Trump's Weird Attack On Bain Capital And Mitt Romney

Photo: Discussion Board

Donald Trump’s attack on Mitt Romney for not being as rich as he is and for working at Bain Capital is a little outrageous.According to the NYPost, Trump’s most recent thing to yell about is that “Bain Capital, the hedge fund where [Romney] made millions of dollars before running for governor, didn’t create any jobs.”

Trump said recently on CNN:

“Well, Mitt Romney is a basically small-business guy, if you really think about it. He was a hedge fund. He was a funds guy. He walked away with some money from a very good company that he didn’t create. He worked there. He didn’t create it.”

On the other hand, Trump says, “I’ve created hundreds of thousands of jobs.” And “[my] own assets are ‘much, much’ larger.”

Compared to Trump, he’s right – Trump has created many more jobs and would seem to have more money than Romney, who’s wealth is estimated around $200 million, according to the NYPost.

But there are a few things that just need to be pointed out:

  1. Romney worked at Bain & Company for a few years then co-founded Bain Capital in 1984
  2. Bain Capital had around 350 employees in 2009
  3. Bain Capital is a private equity firm
  4. “He was a hedge fund.” 

So he’s not technically wrong, he’s just wrong on a few technicalities.

And of course, if you haven’t seen it, Trump is now the #2 Republican candidate for President.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.