Business Smarts

Investing is an art, not a science.  One of the many things that impress me about Governor Romney is his superb investing as head of Bain Capital.  That takes tremendous insight, as he oversaw approximately a hundred such investments during his fifteen years there.

As co-founder and head he analyzed the suitability of companies.  Jobs were lost and gained.  But sometimes things went badly, as happens when you’re investing in troubled companies and start-ups.  You just don’t bat a thousand with those types of investments; I know from my own experience I haven’t batted a thousand, even investing in healthy companies.  Such investments on Governor Romney’s part also show courage.  He saved dozens of companies and thousands of jobs.

Like President Reagan, Governor Romney understands government, business and the economy, from the top down primarily from his investing and from the bottom up in all the analyses he has done throughout his career.  Examples of top down investing and management include his handling of the 2002 Winter Olympics and as governor of Massachusetts.  Our government needs a top-down, bottom-up program of innovation.  The $1.3 trillion deficit of President Obama must be turned into a surplus.

The Romney/Ryan ticket plus lots of Republicans can do it.  We are in a fiscal crisis that will lead to a worldwide depression if the Obama/Biden ticket is reelected.

Think back to 1980.  I shudder to think of what would have happened if President Carter had defeated Governor Reagan.  We now have the same situation, if not worse, with a president who has “led” us to $1.3 trillion in deficits, increasing our national debt by $5 trillion to $16 trillion.  He is borrowing 40¢ on each dollar spent.

Governor Romney dealt mostly with troubled companies for fifteen years as co-founder and head of Bain Capital after eight years in business consulting.  He understands why jobs are created and why they are lost.  Governor Romney has risen to challenges like the 2002 Olympics in Salt Lake City, solving its problems related to scandal and money.  As governor of Massachusetts he inherited a $650 million deficit and a next-year projection of $2-3 billion deficit in a $23 billion economy, and nearly closed the gap fiscally.

 

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