Thursday, January 12, 2012

Mitt Romney 1

What is Mitt Romney's Platform?

A New Hampshire surrogate for Mitt Romney said at a local political event that it's evident he will be the Republican presidential nominee and suggested that "beliefs and principles" should not be the deciding factor for voters.

State Sen. Gary Lambert said the most important thing is to nominate somebody who can defeat President Obama.

"I don't get it. This is not about picking a favorite, it's not about picking someone you like," Lambert said. "It's not about picking someone even with your own beliefs and principles. This is about picking a person who can beat Barack Obama, period."
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In other words, the reason Mitt Romney is leading is because somehow, a large number of people, have become convinced that Mitt Romney could beat Barack Hussein Obama in the Presidential Elections. I hope this first post will make it clear that that's impossible.

Creating jobs is one of the big concerns of today's debate... does Mitt Romney have the credentials for country-wide job creation?

Mitt Romney says President Obama, Newt Gingrich and Gov. Rick Perry are putting free enterprise "on trial."...

As Fareed Zakaria explains: Romney’s real problem

Instead, a second line of attack has been gaining traction against Romney – that of Romney as job-killer or Romney as the private equity guy, who buys companies, hollows them out and outsources jobs.

Now it is striking that this attack is coming in a Republican presidential primary. After all, what Romney did while at Bain Capital was classic capitalist “creative destruction.” He took over businesses and tried to make them more productive and efficient. To do so, he often had to shed jobs.

Republicans should be celebrating Romney’s prior work as an example of how the market functions – driving out inefficiency, generating productivity and creating a lean, mean capitalist machine.

The keywords are, "lean, mean capitalist machine." In other words...

In the face of that seething rhetoric, Romney’s defense of his background in private equity has been approximately this: an attack on Bain is an attack on American free enterprise.
That’s a plausible enough line for a Republican primary — a contest fought among voters who basically trust the market economy. But Romney has grounded his whole campaign on the claim that he understands how to create jobs and spur investment. And now his Republican opponents are slashing away at that political identity, a task made easier by the fact that Romney has typically spoken about his business experience in only the vaguest of terms.
Read more.

Some writers don't seem to get it...

You can blame Mitt Romney, but not for Bain Capital

Most important, Bain Capital is not now, nor has it ever been, some kind of Gordon Gekko-like, fire-breathing corporate raider that slashed and burned companies, immolating jobs wherever they appear in its path

The story of the private equity business is somewhat more complicated. Almost by definition, a private equity investment is made with the hope of improving the profitability of the “portfolio company,” as it is known in the parlance. Often, this means replacing management or reducing unnecessary headcount – firing people.

While no one likes seeing jobs disappear, eliminating unnecessary overhead and even entire divisions if they cannot be made sufficiently profitable is at the heart of a successful economy — the process Joseph Schumpeter famously described as “creative destruction.” How strange for conservatives like Newt Gingrich and Perry to be questioning the core of free market economics.

No one is saying that Bain was a job-killing dragon (except maybe Colbert below). We are just pointing out, accurately I might add, that laying claim to being a great or even good job creator is not something that Mitt Romney can do. At least not in the Presidential elections.

What's the clincher? Romney can't even prove the measly 100,000 "net jobs" he claims to have added over the years...

"Mitt Romney says he created 100,000 jobs while at Bain Capital. Anderson Cooper is Keeping Them Honest."

By Comparision...

From The Washington Post:

When we last looked at one of Romney’s claims about Obama’s job record, his campaign inflated the job-loss total by assigning the entire month of January — when 820,000 jobs were lost — to Obama’s term, even though he took office Jan. 20. We are pleased to see that the campaign no longer does this, and instead starts the count in February.

But is this fair? An additional 2.2 million jobs were lost in February, March and April, before much of Obama’s stimulus could take effect. (He signed it into law Feb. 18). The recession did not officially come to an end until June 2009. Since that point, 1.2 million jobs have been created — which is still pretty anemic, but it is not a negative number.

Romney also claims to have created more than 100,000 jobs as a business consultant.

Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).

This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain. (Indeed, Romney made his comments in response to a former employee of American Pad & Paper Co. who says he lost his job after Bain Capital took it private.)

As we have explored before, we can neither prove nor disprove Romney’s previous statement that “tens of thousands of jobs net-net were created.”

Notice how Romney is described about 2 minutes and 30 seconds into this video...

As Stephen Colbert explains... 'he chops up companies' ... does that remind you of any movie?

... "Edward is a rich, ruthless businessman who specializes in taking over companies and then selling them off piece by piece."

Romney's plan thus far? Taxes are increased on the poor/middle-class and decreased on the wealthy...

[Note: This is NOT class warfare. Class warfare is when you increase taxes on the wealthy and decrease it on the poor - This art is called "re-framing" which is public knowledge on how the GOP operates = click here for proof (requires lots of reading, video watching and courage though!(If your Republican)]

Ron Paul tells CNN's John King he's the only true consistent conservative in the race, not Romney, Santorum or Gingrich...

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