Comments about ‘Readers' forum: We need Romney’

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Published: Sunday, Jan. 22 2012 12:00 a.m. MST

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Roland Kayser
Cottonwood Heights, UT

"Most Americans love and appreciate the free-market system. Bain is a company where private investors take risks with companies and receive a return on their investment."

The author does not understand how private equity works. The private equity firm puts up a small amount of its own capital and borrows the rest to buy a company. But the debt does not go on the books of the private equity firm, it goes on the books of the acquired company.

This is the reason many companies go broke after being acquired in a private equity deal, they can't service the debt. It is also the reason most private equity firms make money no matter what happens to the acquired company, they never put much of their own money at risk to begin with.

The letter mentions "Sealy", the mattress company, google it to see how private equity wrecked a very old and profitable company.

Baron Scarpia
Logan, UT

Mittâs capitalist skills create a paradox for the GOP.

On the one hand, his fixing dying businesses by laying off employees, reallocating funds from obsolete parts of the business into new growing ventures, is great for a top-down private sector executive.

On the other hand, if you employ Mittâs capitalist skills in a government role, and the GOP will accuse you of "overreaching" -- or worse, of being a socialist!

Indeed, Mitt has criticized Obama for re-structuring/investing into the auto industry to save it -- not unlike what Mitt did in the private sector. Mitt says he would have allowed the auto industry to collapse... but I believe as president, Mitt would do exactly what Obama did given his savvy business instincts and desire to create jobs and leverage assets.

Alas, as a Republican, his party will only allow him the futile "tools" of tax and budget cuts and not his real savvy skills of business re-design and smart investments that has made him millions in the private sector.

In short, Mitt's got the capitalist skills to revamp America's outmoded industries of autos, energy, manufacturing, etc. -- but philosophically, he may not be able to use them as President.

UTAH Bill
Salt Lake City, UT

Wow - what an incredible spin on Romney's Bain work. He and his executives focused on one thing, how much money they could make. They laid people off in the companies they raided and then reduced the wages and benefits of the survivors. And, they all walked away with millions of dollars. Now, I'm no Socialist and I do support Capitalism. But, guys like Romney represent the worst part of it. For, it's all about how much money he can make and to heck with the other guy. Seriously, just how rich does Romney need to be?

Esquire
Springville, UT

Your underlying assumption is false. We don't need a new President until 2016. Besides, it seems pretty clear that the voters don't really want Romney. And faced with having to make a decision on an issue he knew was coming this past week, Romney failed. He is out of his element and would be as well in Washington.

goatesnotes
Kamas, UT

How ironic is it that SC Christian evangelicals voted for the confessed serial adulterer, squashing the other three moral marriage candidates like little bugs, all because of a couple of rants in a debate directed at the national media covering the race?

If that vote is emblematic of the values of the people of SC, then what does it say about their values? Gingrich managed to artfully avoid the character question in SC, but it will come up again and again and again before November, emotive and angry rants to divert attention notwithstanding.

one vote
Salt Lake City, UT

The southern core Fox Republicans do not think share these views.

Ultra Bob
Cottonwood Heights, UT

Business and the associated operating systems, such as capitalism, exist because society, people in groups, need them. It is the society that provides the opportunity, the reason, and the rewards of operation a business.

Business is owned by society. Society, through its agent, government, has the right, the power and the authority to control and define the service needed from business.

Businessmen may own all the assets of a business operation, such as buildings, land, and many other tangible and intangible assets, but they dont own the business.

Good government, like good business, exists to serve the society of people governed. When government is taken over by businessmen, it does not serve the interests of the society of people. Sort of like when the horse takes the bit in his teeth and takes the wagon and its driver where the horse wants to go.

Business experience and a successful career in business does not mean that a person will be good at government. The two are different.

Its sort of like thinking a great baseball player will make a great football player. While the traits may be similar, the mindset may be very different.

The Real Maverick
Orem, UT

America needs Romney just as much as we need another flu epidemic.

It's pretty obvious that right wing southerns don't want Romney. Just look at what happened in South Carolina!

Ultra Bob
Cottonwood Heights, UT

Capitalism is sort of like a medicine. We absolutely need it's main property by would rather not have the side effects.

a bit of reality
Shawnee Mission, KS

Romney's work at Bain can better be described as "creative destruction" (his word), rather than "job creation." His business activities both created and destroyed tons of jobs.

When you count the jobs that he destroyed either directly or indirectly, the question is wide open whether he created more jobs than he destroyed.

What the U.S. has seen over the last few decades is the rich getting *really* rich, and the middle class shrinking. I'm sure Romney knows what he'd like the government to do so that venture capitalists can make even more money, but that doesn't mean his policies would help the middle class.

Hutterite
American Fork, UT

No, I'm pretty good without romney.

shaun_
SAINT GEORGE, UT

All elections are about power. Who do you want to have the power? A guy who wants to decrease capital gains to zero percent so he doesn't have pay any income taxes?

The argument that the rich provide jobs is moot. Everyone provides something to this economy. Does a Doctor deserve preferred tax treatment because he saves lives? Does an linemen electrician deserve a better tax rate than a waiter because his expertise helps keep the electrical grid running?

People talk about class warfare coming from the poor and middle class but powerful wealthy people created it by giving themselves preferential tax treatment compared to everyone else.

Hank Pym
SLC, UT

RE: a bit of reality 10:19 a.m. Jan. 22, 2012

"Romney's work at Bain can better be described as "creative destruction" (his word), rather than "job creation." His business activities both created and destroyed tons of jobs."

If we are going for verbal obfuscation then I'll go w/ the Baltimore Ravens D being described as Organized Chaos.

LDS Liberal
Farmington, UT

Look up the word "Babylon" in the Bible Dictionary - and there you will see Mitt Romney.

Matt 6:24 No man can bserve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon. [Mammon: Aramaic word for; wealth, greed]

one old man
Ogden, UT

Romney would be a much better choice than any of the other nut jobs in the running. Worse yet is talk of Jeb Bush coming out of hiding to run. All we need. Another Bush -- [Shudder]

Although I've been very disappointed in his lack of backbone in standing up against the Rethuglicans in Congress, my vote will go to Barack Obama.

RedShirt
USS Enterprise, UT

To "LDS Liberal | 4:41 p.m." again, you are wrong. How do you know what is in the heart of Romney? Do you posses some super power that allows you to see into the heart and intentions of others?

Lets remind you of Jacob 2:19 " 19 And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do goodto clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted."

How do you know that Romney is not doing this with his wealth?

How about you cast out the beam from your eye before you worry about a mote in Romney's eye.

LDS Liberal
Farmington, UT

RedShirt | 8:29 p.m. Jan. 22, 2012
USS Enterprise, UT
To "LDS Liberal | 4:41 p.m." again, you are wrong. How do you know what is in the heart of Romney? Do you posses some super power that allows you to see into the heart and intentions of others?

Lets remind you of Jacob 2:19 " 19 And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do goodto clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted."

==============

You obviously didn't read the part about "INTENT"...

Hiding your $$$Millions in secret undisclosed bank accounts in the Cayman Islands is hardly showing intent to "do good, clothe the naked and feed the hungry".

...a LIBERAL concept.

BTW RedShirt, Are you planning on automatically voting Newt Gingrich for President just because he gets the "R"?

Curmudgeon
Salt Lake City, UT

RedShirt:

I agree we should not be judge unrighteous judgment. But what evidence do you have that Romney is following the counsel in Jacob 2:19? It appears, from what is public, that regardless of Romney's motivation for acquiring wealth, he is hanging onto it, and not using it to clothe the naked, feed the hungry, liberate the captive, or administer relief to the sick and afflicted. His campaign rhetoric seems to support the notion that people like him who profit by the free enterprise system ought to be able to keep their wealth, while Jacob says he should be divesting it for charitable purposes.

He would gain much credibility and sympathy if he would disclose his charitable intentions (assuming he has such), say by committing even half of his assets to fund a foundation, ala Bill Gates, Warren Buffett, or Jon Huntsman Sr. He'd still have plenty to live very comfortably. Instead, all we have heard is that he has set up a $100 million trust fund for his kids, so they never have to work. I can't find a scripture that supports that use of wealth.

Phranc
SALT LAKE CITY, UT

@redshirt
you claim LDS liberal is wrong but then slide into not being able to know another persons heart and mind. so if it is unknown then how do you proclaim LDS liberal is wrong, do you know Romney's heart and mind? You claim frequently to know what is in the hearts and minds of liberals and the president, do you posses some special powers?

procuradorfiscal
Tooele, UT

Re: "Now, I'm no Socialist and I do support Capitalism. . . . Seriously, just how rich does Romney need to be?"

Your comment demonstrates you ARE a socialist and you DON'T support capitalism.

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