Mitt Romney's fucking Bain Capital have been such destructive shitheads, oh I'm sorry noble job creators, that they've helped bring, of all things as American as hot dog and apple pie,
Fender guitar to its fucking knees:
Analysts say Guitar Center is crucial to Fender, accounting for roughly a
sixth of Fender’s sales — and the ties between the two run deep.
Fender’s chief executive, Larry Thomas, used to be the chief of Guitar
Center. He sold the company to Bain at the top of the market in 2007 for
$2.1 billion, including debt.
Gee. TAKE A WILD GUESS re: Fender's financial path since this purchase.
Guitar Center has been losing money since. Moody’s issued a junk rating
of B2 on Guitar Center’s debt in October 2007, and has since downgraded
the company two more times, most recently in November 2010, to Caa1.
No word on what percentage of Romney's 12 million jobs he'll create on January 20, 2013 come from this, of course.
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