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Comments about ‘Letter: Romney more successful as a venture capitalist’

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Published: Wednesday, June 13 2012 12:00 a.m. MDT

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Shaun
Sandy, UT

Does anybody else think it is absurd how people worship business people? Running a business is entirely different than running a country. A business owner doesn't have to build consensus with over 500 elected officials.

Esquire
Springville, UT

Oh, Frank, you distort and misrepresent. If you want to be honest, say Romney was successful leveraging the fortune he inherited. He made money, but he can't call himself a job creator. And if Obama has personal responsibility for everything that happens in his Administration, he deserves credit for the good. And to be fair, Romney then also deserves the blame for the economy of Massachusetts going from one of the best to near the bottom when he was Governor. You can't have it both ways. Come to think of it, I guess Mitt could blame it on Bush because the economy tanked under him. So why use the same people to advise? No thanks!

pragmatistferlife
salt lake city, utah

Agreed Shaun. If you think about it the only skill Romney and his cohorts needed was the skill to find companies that were in such condition (not too good and not too bad) that they could convince a bank to lend them tens of millions of dollars to "turn around". It didn't make any difference to Bain if the turnaround occurred because they would put in 10 million of their own, then take out 30 million from the borrowed money..20 million profit...Done. Now how does that relate to running a whole economy?

Furry1993
Clearfield, UT

Romney may have made bundles of money for Bain, but he hurt a lot of people in the process. That is not what this country needs.

Ultra Bob
Cottonwood Heights, UT

It's already been said.

Esquire
Springville, UT

@ pragmatistferlife, your point is well taken. Maybe Mitt could liquidate the U.S., use the money to pay off the debt, pocket the rest, and we can all learn to speak Chinese! Now that's what Mitt is really good at.

atl134
Salt Lake City, UT

28% of companies Bain invested in went bankrupt. Obama's team bailed out or provided funds to a bunch of companies and you name one failure. How is that a worse track record than Romney? (Nevermind that in a late 2008 op-ed Romney strongly suggested we needed stimulus including investment in green energy so he likely would've wanted to do the same thing).

Eric Samuelsen
Provo, UT

Solyndra was a mistake. It wasn't a very expensive mistake, as these things go, but it was a mistake. It was also not a mistake the President had anything to do with. Bain made many mistakes too. So let's call that one a wash.
But let's look at the auto industry. President Obama led on that one, and the record is spectacular. Saved literally hundreds of thousands of jobs, turned around a crucial industry. Bain doesn't have a success to compare.

Mark B
Eureka, CA

I'm with Mitt 100% - just as soon as there's an election for Venture Capitalist in Chief.

Irony Guy
Bountiful, Utah

Irony--we have experienced a V-shaped recession. Its low point was the day Bush left office. Future economic historians will speak of the historic "Obama Recovery." Now, shall we put back in office the same kind of greedy dunderheads who brought us the Bush catastrophe? Seriously?

RedShirt
USS Enterprise, UT

Wow, let me summarize the liberals comments here:

Obama losing taxpayer money is ok, Romney making money for private investors is bad.

Romney having a 70% success rate in taking failing companies and making them successful, thus having a net positive job creation rate is bad, and Obama's net job loss rate is good.

Obama = good, despite the results (GM went bankrupt AFTER receiving bailout funds)

Romney = evil, because he isn't a Democrat.

To "Irony Guy" future historians will look back and shake their heads at Obama and reflect at how he was FDR and Jimmy Carter rolled into one. FDR because he prolonged a recession for ideological gain, and Jimmy Carter becaue he is so clueless.

atl134
Salt Lake City, UT

@Redshirt
Obama has overseen the gain of 4 million private sector jobs the past 2 years. In fact he has an overall net private sector job gain during his term (public sector jobs fell about a million, that's why overall it's still negative). He inherited a trainwreck that guaranteed the loss of millions of jobs his first year. Why do you ignore context?

Romney oversaw the 47th best job creation while Governor of Massachusetts. Of course his first year was when he was 50th so he improved somewhat since then (and I agree with his team that the first year is influenced by policies from the previous administration and that new policies take a while to have effect), and of course Massachusetts has a low birth rate so it doesn't need as much job creation in order to maintain consistent levels of employment. So I'd argue that Romney's job performance is not nearly as bad as some Democrats portray it. I'm willing to consider the context for Romney's job numbers, why aren't you willing to do the same for Obama?

Ernest T. Bass
Bountiful, UT

I'm with RedShirt. Lets cut ALL taxes on the rich so they can continue to create jobs in China & India.
Then we raise taxes on the firefighters and teachers, because some of them side with unions.
Then we increase the defense budget and while we're at it, invade a few more countries. That will solve our problems and make the teaparty happy.

The Real Maverick
Orem, UT

I certainly don't want my country to be run like a business. Folks who are poor, will be left doing all the work and serving in the military. Folks old or sick will be exempt from health care because they aren't worth the cost. A few people will win big financially while most won't (and they'll be doing all the work).

Has anyone actually worked in an office before? All the gossip, treachery, greed, etc. I don't want that part of my country.

People kissing Romney's rear or laughing at his jokes just to promote their careers or bring more fed money to their states? No thanks.

DSB
Cedar Hills, UT

It's astonishing the number of people who are willing to accept someone who runs our country's economy like a personal money tree for his family and friends, and who throws billions of dollars we don't have into unproven and unprofitable pet projects, and who reduces the domestic auto industry workforce to send those jobs overseas, and who maintains a lethargic recovery, and who skyrockets our country to an unsustainable and ruinous amount of debt.

Sure -it's much better in these economically perilous times to have someone who's clueless about financial and economic forces. Who needs a businessman now when President Obama is doing such a great job driving our country into bankruptcy?

RedShirt
USS Enterprise, UT

To "atl134" unfortunately your numbers are not even based in reality. According to the BLS over the past 2 years there have been 3.4 million jobs gained, but that that was after Obama LOSING 4 million jobs in his first 15 months as President. Last I checked, Obama has not created any new jobs, but is still trying to regain what has been lost since becoming President. In January 2009 there were 133,561,000 (according to the BLS) jobs, in March 2012 (April and May are still preliminary) there were 132,863,000 jobs. That make a net loss of 698,000 jobs.

The interesting thing about Obama's unemployment number is the timing of the job increase. When you look at the numbers when Democrats were running everything (2009 and 2010) there were few jobs created. Once republicans slowed the flow of laws and regulations job creation started to grow. Think about it.

If you want to complain about Romney having a difficult time making jobs, let look at his record. In January 2003 MA had an unemployment rate of 5.6%, by December 2007 it was at 4.5%. Economists consider that Full Employment.

metisophia
Ogden, UT

Romney didn't use his own money either to advance his vulture capitalism. Right now, not so pleased with either the Rep or Dem choices for pres.

homebrew
South Jordan, UT

Romney is a VULTURE capitalist. He feeds upon the unfortunate, turning a profit for himself and investors, but caring little about the lives or the jobs he destroyed. Is this who you want to lead our nation? He cares about the 1%. No more no less.He left the government to clean up his messes while he walked away with millions.

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