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“Democrats are not interested in free enterprise. They only care about free stuff.” - Herman Cain
Obama is insinuating that private equity is inherently evil. He’s attempting to paint Mitt Romney as one of those evil fat-cats that liberals love to hate so much. He’ll point to the people that were fired when Romney took over the reins at Bain. He’ll paint Romney as a greedy, heartless man who came in and fired everyone just to save a buck, but I beg of you to dig a little deeper into the story. First of all, private equity, in the most general definition I can summon, means a bunch of people putting their money together so that a targeted company can expand. They “invest” in a company they believe will return them a profit. They do this outside of the traditional stock exchanges not because they are sneaky or greedy or doing something behind the backs of those who oppose capitalism. Bain Capital, the company founded by Mitt Romney in 1984 and the central focus of Obama’s reelection campaign has aided the growth and expansion of more companies than Obama can probably name. AMC Entertainment, Brookstone, Burlington Coat Factory, Burger King, Clear Channel Communications, Domino’s Pizza, Dunkin Donuts, Guitar Center, The Sports Authority, Hospital Corporation of America (HCA), Sealy, Staples, Toys ‘R’ Us, Warner Music Group, The Weather Channel, and many other companies would no longer be in business or would be operating in a greatly reduced capacity without the investment capital provided by Bain. Think about the jobs those investments created. Think about the opportunity those investments have provided to the employees of those companies. Do you think the Obama loving, minimum wage satisfied, curmudgeon at Burger King in the shirt that may have fit in new employee orientation but is now stretched to its max has any idea that his job and all of those free French fries were made possible by the man Obama hopes to defeat? Such logic is exactly what allowed Obama to be elected in the first place. Such lack of logic is why polls show him in a dead heat with Romney now. Bleat bleat little sheep.
It’s not that hard to understand why Obama would come out against such notions as free enterprise. It goes against everything he and his catastrophic administration have stood for in the last four years. It goes against everything he has stood for since he was a confused child, unsure of which race to cling to. What is proving beyond difficult to understand is why Obama feels he has the right to paint Romney’s experience with a negative brush. America is hurting. Many of us are out of work, underemployed, or just generally unhappy about the financial future Obama has insured for us with his failed investments and extremist ideology. While Romney has proven beyond the shadow of a doubt that he knows how to create jobs, expand markets, and guide a budget, Obama has done NONE of those things. He has done none of those things but he expects you to believe that given another four years, he’ll turn it all around. He preys on your weakness. He preys on your inability to resist his charm. Those willing to charge straight at his incongruous assertions know perfectly well that Romney’s business experience is precisely what this country’s economy needs right now.
Private equity would have prevented such lunacy as Solyndra, Ener1, A123 Systems, the Chevy Volt, ObamaCare, and while we’re at it…..Jay Cutler. Not sure how Cutler fits in but he’s popular in Chicago; Obama loves Chicago; therefore I’m against it. In all seriousness, Obama’s adherence to a failed ideology is spreading decay to parts of this country where decay has no business. If private equity is viewed as anything but evil, then Obama’s crown loses a significant amount of luster. Private equity provides an efficient, proven alternative to Obama’s ideological, government knows best, investment style. Private equity means people are thinking for themselves instead of relying on government for their opinions. Private equity means a product is conceived, designed, and presented to a scrutinizing public who, if they believe the product to be worthy of investment, will support it with their money. They will do so of their own free will and they will accept the profits or losses generated from that decision but the decision will be theirs and theirs alone. Obama’s dreams are possible, but not under his leadership. For example, we will one day drive cars that don’t require an ounce of gasoline but such innovation cannot be forced. It has to be run through the full gamut of public scrutiny.
Something tells me that Obama will realize on November 6, 2012 that he is the only sheep in a crowd of wolves. The supposed shepherd is about to realize he’s the one being herded. It’s up to you, America. Investing money is not a bad thing. It’s the very thing that has sustained America for many, many years. Investing becomes a bad thing only when it’s done with your money, behind your back. That is NOT private equity! So, are you going to be the sheep he thinks you are, or are you going to stand up as a wolf and take this country back? Are you going to follow the raised staff of the media and those loyal to His Barackness, or are you going to gather alongside the rest of the pack and attack with skilled precision?
As always, thanks for playing.
J Robert Giles
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