Mittens Hasn’t Made the Winning Argument Yet

The New York Times’ David Brooks wrote a piece about Mitt Romney’s experience at Bain Capital and how private equity has been benefiting American business and the economy for the past forty years. I think Mr. Brooks did a better job at explaining old Mitten’s experience and the concept of private equity much better than the presumptive GOP candidate has.

Mitt Romney’s problem is that he hasn’t educated the American public on what he did at Bain and how that experience can be beneficial to government and the economy. All he does is assert that he knows the economy because he was in the private sector. That’s not good enough.

Being able to run valuations and wine and dine loan officers into lending you money to buy a fixer upper isn’t exactly economic management 101. The economy is about managing our resources so that we, as a collective, are prosperous. Analyzing Mittens under this framework, I can only conclude that he hasn’t sold me on economic management acumen.

Not to say Barack Obama is any better, but if you are the contender, you have to do more than throw a few jabs. You go for the knockout.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in Barack Obama, capital, Economy, Elections 2012, Mitt Romney, Obama, Political Economy and tagged , , , , . Bookmark the permalink.

One Response to Mittens Hasn’t Made the Winning Argument Yet

  1. Ken Ciszewski says:

    There’s one very telling comment in the piece by David Brooks:

    “. A giant study by economists from the University of Chicago, Harvard, the University of Maryland and the Census Bureau found that when private equity firms acquire a company, jobs are lost in old operations. Jobs are created in new, promising operations. The overall effect on employment is modest. ”

    Now, you can argue that saving jobs is a good thing, and it is. However, the study cited flies in the face of claims that Mit Romney, or private capital firms, are or will be, a “job creators” in a significant way. That is the claim being made, and what we all want, but the evidence appears to not support it.

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