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Thursday, June 2, 2011

2012 Mitt Romney Is Good on Jobs Because He's a Businessman

Posted by Paul Constant on Thu, Jun 2, 2011 at 1:31 PM

Danny Schwartz

CNBC reminds us of some inconvenient truths about Romney's I'm-the-economy-guy-because-I'm-a-businessman credentials, which, as you are probably aware, is the only real thing he's got to run on:

Sometimes the calls didn't quite work out, as was the case when Bain Capital and then-aspiring Senate candidate Romney bought American Pad & Paper Co. for $5 million in 1992. Bain charged Ampad advisory fees, used it to buy a few other office-supply makers and ran the company's debt from $11 million in 1993 to nearly $400 million in 1999.

Meanwhile, it acquired an Ampad plant in Marion, Ill., in 1994 and shuttered the 200-worker facility the next year after workers held a strike over layoffs and pay cuts.

Man, I want him to run our government just like that. And The New York Times's Caucus blog points out something interesting about the farm where Romney gave his big coming-out speech:

The choice of the Bittersweet Farm for his announcement is an interesting one for Mr. Romney, who regularly argues for a smaller federal government that spends less. The rolling green hills of the farm were preserved in recent years in part with $1 million in federal money, according to a recent report in Seacoast Online.

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Comments (5) RSS

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I think you meant to say "good on outsourcing US jobs" ...

Posted by Will in Seattle

on June 2, 2011 at 1:38 PM

"Mitt Romney Is Good on Jobs Because He's a Businessman"

That was exactly the rationale they used with Dubya.

Posted by undead ayn rand on June 2, 2011 at 2:53 PM

nothing buy hypocrisy and none of it matters

Posted by Max Solomon on June 2, 2011 at 3:20 PM

I think Obama's "we do what works and not what doesn't work" is a better meme than the tired "run Government like a business".

New Thought: Right now the society we're living in is like the movie Brazil...except it's stuck in the 80s instead of the 40s.

Posted by Supreme Ruler Of The Universe

on June 2, 2011 at 3:27 PM

Supreme Leader.....are you unwell? Can i get you a cold washcloth for your brow or something? You're...well...I hardly know how to say this, but.... you're making sense.....

Posted by Catalina Vel-DuRay