7:02 pm in Bain Capital, contempt of congress, election team, energy investments, fundamental transformation, Obama attacks, political campaigns, pr problem, private equity firm, Romney's fear by mrcurmudgeon
By Mr. Curmudgeon
It appears Romney’s tenure at the private equity firm he co-founded, Bain Capital, is to be the central theme of the 2012 presidential campaign. If not, President Obama would have to run on his record. And with so many of his green energy “investments” going bankrupt, joblessness on the increase, the economy shrinking, his mafia consigliere found in contempt of Congress, the president and his re-election team have decided to change the subject.
“Our selling weapons to Mexican drug lords may have led to the deaths of hundreds of innocents,” team Obama seems to be saying, “But Romney is rich … and that’s the real crime … the greatest shortfall.”
Moral issues are too controversial for today’s political campaigns. Topics like abortion and the state’s power over the individual are philosophical in nature and not material. Money (and who controls it) is the only topic fit for political discussion by the organized left and right, Republicans and Democrats.
That being the case, it never ceases to amaze me how Mitt Romney bolts like a frightened, capitalist running dog – tail between his legs – every time the subject of Bain Capital comes up. The PR problem for Romney is that Bain did not always save a troubled company in which it invested, but always positioned itself to make a profit when selling-off a failed firm’s assets – at a loss of jobs.
The fact is that Bain would never have invested in a business unless it could profit, whether said company got back on its feet or its furniture ended up on the auction block. Bain was not in the business of losing money.
Starting in 2009, Obama expanded the world’s largest public equity firm – the United States government. The “investors” – you and me – were told to shut up and watch the amazing and fundamental transformation of the U.S. economy under the new and exciting chief executive officer of Hope & Change Capital. Green energy, the CEO assured us, was the next big thing.
Solyndra turned out to be just one of a continuing string of business failures spearheaded by CEO Obama. The solar-panel company was not seized and its assets sold at auction to make “investors” (us) whole. 1,861 workers were laid off at Solyndra and the investors lost all of their, well, investment.
That’s when a clear picture began to form: Obama’s public equity firm had a fundamental financial strategy: Investments must be a lose-lose proposition. In fact, Obama’s U.S public equity firm is losing so much money that it needs to borrow over one trillion dollars every year just to keep pace.
“Our children,” said corporate mogul Arthur Jensen in the movie Network, “will live to see that perfect world in which there is no war and famine, oppression and brutality – one vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused …”
Since the only legitimate topic for political discussion is materialism, America’s clear choice for CEO is Romney. A vote for Obama is a vote to make America like Solyndra … a failed investment.