Politics Explained: Romney & Bain Capital

If you haven’t heard, quite recently, the Obama campaign released an attack on Mitt Romney which was then spread throughout the main stream media ( i.e. CNN, MSNBC, Fox News, etc.). The implication was that Romney lied about when he left his company Bain Capital. Romney has held to the claim that he left in 1999 to go run the Olympic Games in Salt Lake City, but the Obama campaign presented what they saw as evidence to the fact that he was there 3 years longer.

There is a video posted at the very end of this post which is a report from CNN (which normally is seen to have a democrat bias) that debunks those lies which were spread by the Obama campaign. If you already know the back story, go ahead and skip to the end to just watch the video. If you still aren’t sure what this is all about, keep reading.

So what? Why should we care? Well, the Obama camp (“camp” being jargon for campaign) wants to use Romney’s time at Bain Capital to paint the picture of a greedy business man more interested in money in his pocket than creating jobs for American workers. Before I go much further let me explain briefly what exactly goes on at Bain Capital.

Bain Capital is a company that specializes in taking over failing companies and making them profitable. Kind of like flipping a house. You find a house that is run down, you buy it at a low price, you put time, effort, and money into it, then sell it hoping to make a profit. Bain Capital does just that, but instead of flipping houses, they’re flipping businesses.

If you’ve ever watched any of those house flipping reality TV shows, you will know that flipping a house is not always successful. Sometimes it happens that the house simply has far more problems than could be seen on the outside. Other times it happens that those doing the flipping really have no idea what to do and make a series of dumb decisions which leave them with leave them losing money. The Obama camp would like you to believe that Romney is like that bickering couple on TV that decides to knock down a wall that turns out to be a supporting wall, and in doing so, the entire second floor comes crashing down. It’s one thing when that happens to a house, but it’s another when the damage results in hundreds of workers losing jobs.

So back to this allegation about Romney being at Bain longer than he has claimed. If that is true, then the Obama camp will be able to point to Bain Capital failures and blame Romney. They are already trying to portray him as the dumb house flipper who haphazardly knocks down walls, not caring about the consequences. This would simply give more ammunition.

Romney, on the other hand, would like you to look at his record with the point of view that, “You know what? Business ventures aren’t always successful.” It is true that not every single investment made by the Bain Capital, under the direction of Mitt Romney, has turned out to be successful. He claims that it’s not because he was incompetent but that, just like some houses have more problems than can be noticed until you rip up the floor boards, there are unseen factors that have made it impossible to turn a company around to make it profitable. You have to understand, it’s not like Romney took successful businesses and drove them into the ground. These companies were on the verge of destruction and he with the resources of his company would come in and try to save it. It didn’t always work, but most of the time it did.

So that’s the essence of the debate. Obama wants you to believe that Romney is a greedy, heartless, Mr. Moneybags type capitalist, who will run a company into the ground just to make a buck. Romney would like you to believe that in the instances where the companies did fail, it wasn’t due to a lack of trying and in fact he worked until the bitter end to save the companies and the jobs of those employed.

Before I conclude, just one more thing about this Bain Capital business. The debated date of departure from Bain Capital revolves around Mitts decision to leave the company to go run the Olympic Games in Salt Lake City which were on the verge of bankruptsy after a huge scandal. When Mitt went to Salt Lake, he did it, not for profit, but out of a sense of duty. You hear them mention that on this CNN video. Romney was putting behind a very successful part of his carrear so that he could turn the Olympics into a successful even not only for Salt Lake City, but for America and the World. Not only did he go, but he succeeded. This man is a patriot and he’s good at what he does.

Romney with Olympic torch

Now who can think of a more run down corporation than the government of the United States of America. Who better to turn this around then a man who made a career out of taking ineffective businesses and making them profitable. Remember, profitable means more jobs. The more money that comes in, the more jobs that can be created so that even more money can be made.

Obama may attack Romney’s time at Bain Capital and refer to it as Romney’s greatest weakness, but I along with many other Americans see it as one of his greatest assets.

To end, I want to point out that this lie spread by the Obama camp is another effort to try and show the voters that Romney is a shady character that does not want to tell you the whole truth. Unfortunately every example I use to try and prove he is an honest man can be twisted by the other side to show that he is corrupt, so I’ll leave you with this thought. In his recent address to the NAACP, Romney stated, “I believe that if you truly understood who I am in my heart, and if it were possible to fully communicate what I believe is in the real, enduring best interest of… American families, you would vote for me for President.” I also believe that to be true.

Now for the video where CNN points out the lies coming from the Obama Campaing.

For even more People v. Ignorance: Politics explained for the average patriot content, follow me on Twitter @PPLvI and click here to like the blog’s facebook page which provides links to even more news as well as political cartoons and politics explained in plain English.

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3 thoughts on “Politics Explained: Romney & Bain Capital

  1. My only problem with Romney is that he is still trying to be a politician. Romney needs to stick to his principles and stop trying to pander to every special interest group by trying to be politically correct, stop apologizing for who he is and what he believes in. America needs a real hero, Reagan, Washington or Lincoln-esque. We all know Obama is a self-serving dirtbag who wants to win by giving America and its hard-working values away.

  2. Romney destroyed businesses by closing functioning plants, selling assets and sending jobs overseas for the benefit of his pockets. Also, the objective of running a business is to make a profit. That’s not the objective of running a country. The objective for running a country is for the benefit of all, to acheive succes, educate our children, etc. Please don’t be fooled. You don’t have to vote for Obama, but please vote against Romney. He’s out of touch.
    http://m.youtube.com/watch?gl=US&hl=en&client=mv-rim&v=0wTs3dLEaBA#watch_actions

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