And in a related story it has come to the attention of the world that Mitt
Romney doesn't understand how to govern. More on that story on Nov. 7
‘Mitt Romney claims Obama doesn't understand business’in other news; ‘Obama claims Romney doesn't understand
If you want to read a detailed account of what Romney understands about
business, I recommend the recent Newsweek article by David Stockman, budget
director under Ronald Reagan, who spent 17 years orchestrating leveraged
buyouts, exactly what Romney was doing at Bain Capital. Stockman examines the
specifics of several Bain deals that were among the 77 investigated by the Wall
Street Journal. If this is even remotely accurate, Romney's
"business" experience is totally irrelevant to understanding how to
produce a product, market it, and stay afloat in these difficult economic times.
What his experience prepares him to do is accumulate huge amounts of debt,
extract as much short-term capital gain as possible at extremely low tax rates,
and leave the carcass for others to clean up. Is this the sort of economy we
want in America? Well, I guess we'll get what we deserve.
"accumulate huge amounts of debt, extract as much short-term capital gain as
possible at extremely low tax rates, and leave the carcass for others to clean
up" OR accumulate huge amounts of debt, extract as much short-term capital
gain as possible at extremely high tax rates, and leave the carcass for others
to clean up. Take your pick.
," but that the public understands the president is the only candidate with
"a concrete plan to move our country forward" as the lemmings march
toward the cliff.
Talking points are pretty fast to show up here.However, they all
conveniently ignore Romneys huge success in turning the 2002 Olympics for a
scandal ridden money pit into a well run, profitable operation. No smoke and
mirrors accounting tricks or tax increases or other nonsense, just outstanding
knowledge of business and the willingness to make tough decisions and hire (or
fire) the right people to get the job done.Sounds like exactly what
we need in Washington, DC. The antithesis of the current resident of the White
Kent, What Romney did at Bain was invest in companies that were dying and
give them more life and save them. Staples was a start-up, but unfortunately
Romney bought it and killed it. . . Oh wait a minute. Domino's Pizza was
dying in the early 90's, but Romney stepped in, invested, reorganized and
the business grew. Yeah, you're right, Romney has no idea how business
works. But, hey, I'll listen to you, because you'll take one
guy's opinion and treat it as fact, rather than look at the facts yourself.
That seems like a great idea!
We've already tried Obama's economic skill set.For 4
yrs.It didn't work.Why waste another 4 yrs.?
Re: LDS Liberal Farmington, UT"in other news; ‘Obama claims
Romney doesn't understand Government’"Actually he
does understand government ....waste. The national debt rose $4.899 trillion
during the 8 years of the Bush presidency, and has gone up another $4.939
trillion since President Obama took office less than 4 years ago.Taxing the rich into the poor house might help slow down the rise in the
national debt ..... like giving more booze to an alcoholic would help his
All I can say is if Obama wins re-election, I hope he is smart enough to ask
Romney to be that Business Secretary. I think he'd do a great job although
I'd prefer to have him as President.
RiflemanSalt Lake City, UtahIf Mitt Romney is such a great
Government leader, Why do the people he once Governed favor Pres. Obama by
over 20% ?
Re: LDS Liberal Farmington, UT"Why do the people he once Governed
favor Pres. Obama by over 20% ?"Where a majority of the voters
in Massachusetts are Democrats I'm not surprised.I'm sure
not everyone was happy when he went after the incompetent contractors who where
involved in the Big Dig debacle. It only went over budget $11.2 billion
Romney doesn't know business? Bain was not a failure, and even the God of
the Left, slick willy praised Romney as an astute businessmanRomney
doesn't know how to govern? Taking a deficit in the Peoples' Republic
of Massachussets and turning it into a surplus refutes that claim.What's BO done?dividelieaccumulate more debt faster
than at any time in our historydivideliereduce our standing in
the worlddivideliecover-up our involvement in the deaths of
hundreds of Mexican nationalsdivideliecover-up the failure to
protect US lives in Benghazidividelieteach people how to leach
off the systemlie some more
Article-Reader:Read the article. Bain took a paltry $15 million gain
from Staples and got out early, before the person who really turned it into what
it is today did all the hard work. By contrast, Bain sucked $175 million from a
chain of retailers who were competing with Walmart, largely by smoke-and-mirrors
accounting tricks. So, they made $15 million off a success story, and made $175
million off a loser. Wonder who was left holding the bag? Well, read the
Obama understands vacations, David Letterman, campaigning, and golf.