Mitt Romney is an executive running to head up the Executive Branch and he’s highly qualified by excellent experience and demonstrated successes. Romney has the educational depth by way of his degrees at Brigham Young and his joint Law Degree and MBA at Harvard.
He has a deep commitment to his family, and his faith. He has been a success in every endeavor to which he has applied himself. He was a highly successful and respected CEO at Bain where he achieved rare personal financial success as well.. He was a success in turning around the 2002 Winter Olympics in Utah and was a successful governor of Massachusetts from 2002-2006.
It is time to make a change in the White House. The incumbent Obama has a tired and failed array of policies which continue to set America back. Incredible debt, high and stubborn unemployment, the promotion of racial and class division, encumbered regulations which burden our businesses, a healthcare program which is unpopular and ill founded, a weak foreign relations policy which frequently casts the nation in the role of apologizing for who it is, and an anemic energy policy which fails to take advantage of the nation’s massive hydrocarbon resources as the nation is punished by high gas prices. The incumbent president lacks a cohesive vision for the nation and his policies continue to push it further away from its traditional core values of individual accountability, free enterprise, and private solutions to national needs instead of massive central government involvement in the life of the nation.
President Obama demonstrates his profound lack of understanding of American Capitalism when he criticizes Mitt Romney for his role as the highly successful CEO at Bain Capital. Bain is a private equity firm that for many years has invested in companies that are usually considered by Bain to be undervalued. Bain then sets about to blend the
talents of its own management team with those of the acquired entity focusing on strengthening the entity’s core competencies, where necessary reinventing the company by restructuring, and adding new talent where the need is indicated. Bain undertakes a long term commitment to these entities with the objective of improving performance and profitability, growing them,increasing their value and ultimately selling them for a profit.
Under our traditional Capitalistic system Bain,and Romney both participate in a virtuous activity by doing what they do and have done. President Obama shows his frightful ignorance or his disdain for what is a very fundamental and acceptable capitalist activity.
Mitt Romney has made major strides as a candidate and now represents the lone hope to unseat the incumbent President whose failed domestic and foreign policies have had enormous adverse effects on expectations and living standards of the American people, traditional values,national defense capabilities and our effectiveness and image on the world stage.
Mitt Romney grasps and understands the values and pillars on which traditional America stands, a solid grasp of foreign policy and domestic social and economic issues which are today relevant to American interests and a willingness to fight hard and win for these causes.
Governor Romney has shown both intellect and toughness on the campaign trail. His 25 years of experience as a successful corporate turn around force at Bain Capital, his results in turning around the Olympics and his experience as Governor of Massachusetts are evidence of his business and political effectiveness, and solidify his qualifications to lead the nation as President of the United States.
The current attempt by President Obama, his campaign and the left wing media to discredit Romney based on his highly successful tenure at Bain Capital is based on nothing other than unvarnished ignorance or political folly and untruth. Private equity firms are designed to zero in on selecting companies who are perceived to be capable of increased profitability and value by adjusting and restructuring their businesses to improve their operations. Compare it to finding a “fixer upper” on the real estate market and increasing its value for a future sale and profit. Any way one examines it the ultimate objective is to use one’s ingenuity,money and hard work to increase the value of an asset that has been invested in for future gain by the investors.
The resulting increase in wealth, if any, since there is always the risk of losing on such investments, is shared by everyone in the form of wages, or profits depending on the nature of one’s investment in the enterprise.
To the extent a newly acquired business requires downsizing, or reconfiguring, there may be initially or even permanently a net reduction in employed labor. For example, there may be a substitution of technology for labor thereby cutting back on the need for employees. While this may result in dislocations for some of the employees, it produces a long run increase in productivity–the amount produced during any given period by each remaining employee on the staff–and an improvement in the competitive posture of the enterprise. Mitt Romney applied his talents to honing the asset strength of such enterprises, and in so doing participated in wealth building for society.