when this isn t the case proponents claim that vulture capitalists are at least instrumental in reallocating resources in the economy they take people and resources out of companies where they are not being utilized properly enabling them to be put to better use elsewhere 
without vulture capitalists some pundits argue that more businesses would have to be bailed out at the expense of taxpayers example of a vulture capitalistalthough vulture capitalism has been part of american culture for a long time the term came into the spotlight during the republican primaries leading up to the 2012 general election during the primaries mitt romney said he was the best candidate to lead the party to the presidency because of his time at bain capital a private equity firm he helped co found in 1984 during several debates he stated that he helped rebuild companies that were struggling and in turn helped create jobs he promised to do the same thing for the u s that he said he did for bain capital citing his track record for building businesses creating jobs and boosting the economy unfortunately his opponents did not see it the same way while romney called himself a venture capitalist who helped companies in trouble they said he did nothing but prey on businesses and the people who worked for them rick perry newt gingrich and ron paul all took shots at romney who claimed bain capital put people out of work in order to boost its own profits in the end romney succeeded in becoming the republican nominee however he eventually lost to barack obama who went on to lead the country in his second term as president 