Monday, March 21, 2011

Mitt Romney's Time Has Come: Obama gets an "F" on the economy

The number of voters nationwide who give President Obama good or excellent marks for his handling of economic issues has fallen to a new low.

A new Rasmussen Reports national telephone survey of Likely Voters show that just 31% rate Obama’s handling of economic issues as good or excellent.
Related to the economy, I came across this depressing map called "The Decline: The Geography of Recession". This map was last updated on January 12, 2011 with information from the U.S. Department of Labors Bureau of Labor statistics. It shows the deteriorating transformation of the U.S. Economy.
Take a look:



A larger, more impressive,  and MORE DEPRESSING version of the above map can be found HERE and is really worth the look.

I would not expect the economy or job growth to improve much over the next 2 years. This is what will make the 2012 Presidential election one of the most important in the history of our country.

Mitt Romney's Time is now!



There are some good choices on the horizon among the 2012 Presidential hopefuls but only one GREAT CHOICE for what needs to be done to put America back on the road to economic recovery. That candidate is Mitt Romney. Not only would he bring his success as a Governor to the Presidency but he would also and more importantly bring his business savvy.

Here are some of the highlights of his success in that area taken from Wikipedia:

PLEASE NOTE: Several links to back up the claims in the highlights below, can be found HERE.

1977- 83 Bain & Company - Romney proved adept at learning the "Bain way", which consisted of immersing itself in each client's business, and not simply to issue recommendations, but to stay with the company until they were effectively changed for the better. With a record of success with clients such as the Monsanto Company, Outboard Marine Corporation, Burlington Industries, and Corning Incorporated, Romney became a vice president of the firm in 1978 and within a few years one of the its best consultants. Romney became a firm believer in Bain's methods; he later said, "The idea that consultancies should not measure themselves by the thickness of their reports, or even the elegance of their writing, by rather by whether or not the report was effectively implemented was an inflection point in the history of consulting.

1983 - 90 Bain Capital - A spinoff of Bain & Company, Romney founded the company with Bill Bain. At first, Bain Capital focused on venture capital opportunities. Their first big success came with a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies; Bain Capital eventually reaped a nearly sevenfold return on its investment. The firm's successfully invested in or acquired many well-known companies such as Accuride, Brookstone, Domino's Pizza, Sealy Corporation, Sports Authority, and Artisan Entertainment, as well as lesser-known companies in the industrial and medical sectors. Bain also was involved in leveraged buyouts which sometimes led to layoffs. Of these, Romney later said, "Sometimes the medicine is a little bitter but it is necessary to save the life of the patient. My job was to try and make the enterprise successful, and in my view the best security a family can have is that the business they work for is strong."

1990 - 92 Bain & Company - Romney returned to Bain & Company which was facing collapse as a favor to his mentor Bill Bain and was named CEO taking only a symbolic salary of one dollar. Romney managed an effort to restructure the firm's employee stock-ownership plan, real-estate deals and bank loans, while rallying the firm's thousand employees, imposing a new governing structure that included Bain and the other founding partners giving up control, and increasing fiscal transparency. Within about a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without further layoffs or partner defections. He turned Bain & Company over to new leadership and returned to Bain Capital in December 1992.


1992 - 99 Bain Capital - Romney left Bain Capital in February 1999 to serve as the President and CEO of the 2002 Salt Lake City Olympic Games Organizing Committee. By that time, Bain Capital was on its way to being one of the top private equity firms in the nation, having increased its number of partners from 5 to 18, had 115 employees overall, and had $4 billion under its management. His experience at Bain & Company and Bain Capital gave Romney a world view that was business oriented – centering around a hate of waste and inefficiency.

I'd like to hear about similar experiences of other candidates in this area. I don't believe there are any. This is why I believe Romney is unique and that HIS TIME IS NOW!

19 comments:

Jeanne said...

You are correct, we need Romney in 2012. He is not my favorite choice, but he is the best choice.

Anonymous said...

Romney / Palin in 2012!

Anonymous said...

Romney & DeMint in 2012!

zeke

Noelle said...

Bosman, I really appreciate your thoughtful, and more importantly informative posts. I agree with you that Romney's history of success in the private sector, together with his experience as governor, makes him uniquely qualified to lead this great country out of our current economic slump. Unlike other potential GOP candidates, whose main qualifications seem to include likeability or charisma, Romney also has substantial successes which give him, in addition to likeability and charisma, the necessary knowledge and leadership we need.

Mitt Romney 2012

Anonymous said...

Bosman, thanks for the great reminders. The map tells a terrible story, but also makes it clear that this election is about jobs, jobs, jobs.

I agree with you that Romney is by far the best person available to deal with jobs-judging by the way he tackles everything.

-Martha

Granny T said...

Did the economy in Massachusetts grow at a better rate than the rest of the country under Romney's leadership? Did Massachusetts gain more jobs under Romney than other states during the same time frame?

If the answer to both questions is "yes" then maybe Romney has a right to a better grade than Obama. If not, then maybe Romney should stick to the private sector - and leave the public sector to someone with better results in their state.

Bob (Plymouth, MA) said...

Granny T,

Romney Took over the state with a $5 billion deficit left it with a almost 2 billion surplus. Did it without raising taxes.

Made 72 promises during his campaign. He had an asst. actually keep track. He kept every one of them.

Romney actively went after businesses to relocate in MA with incentives. The Rt 128/95 high tech/industrial area of MA went from a ghost town with for sale/lease signs to several new firms.

Now tell me about Huckabee and HIS PROMISES!
Start with his promise not to raise taxes. Then work your way into keeping his constituents safe from criminals

Revolution 2010 said...

Great points Bob!

I love it when portions of Romney's resume are highlighted.

The man is UNTOUCHABLE when it comes to the economy.

Jeff Fuller said...

There has been a mass migration of jobs and people out of the northeast to the south/midwest for over a decade. Should Romney take the blame for this huge regional trend, or, conversely, should Gov. Rick Perry be given all the credit for Texas' huge gains in jobs/population?

I will agree that failed liberal policies in the Northeast over the last FEW decades set the stage for this mass migration and the more libertarian/conservative policies of the south over the past FEW decades "set the table" for more businesses to move that direction . . . and people follow the jobs.

I'll need to find the sources again, but Romney pulled an amazing turnaround in the job market for MA relative to the direction it was heading. He ended with a net positive in jobs created with was a stand out for the region, and quite a feat considering how MA was hemorrhaging jobs as he was elected/inaugurated.

Jeff Fuller said...
This comment has been removed by the author.
Jeff Fuller said...

http://iowansforromney.blogspot.com/2006/07/romneys-alleged-job-deficit-wiped-out.html

There is one source . . . but I'll look for others.

Anonymous said...

Granny, I do like the fact that Romney kept all of his campaign promises.

Did you know that Huck made a campaign promise to NOT raise taxes, but one of the first things he did after re-election was to break that promise and raise taxes?

I've always wondered why no one ever talks about it. It was a major flip-flop, and one that really goes to the heart of the trust issue. Huck is always talking about how you can't trust Romney, but he himself went back on his word.

-Martha

Anonymous said...

Schmuck Huckabee is a joke!!

ConMan said...

It's so easy to support Romney when you look at Obama and match Romney's experience against the other GOP candidates.

Romney is SO ANTI-OBAMA!

Doug NYC GOP said...

Excellent work here, Bis, well done.

You are a master at graphics!

Doug NYC GOP said...

Sorry I meant BOS not BIS!

Anonymous said...

Romney is the kind of person who really likes to solve difficult problems. While being POTUS requires many different skills, it appears our next President will need to be especially understanding of how jobs are created and of their sensitivity to how gov't operates. Go Romney!

Anonymous, I despise Huckabee, but I think taking cheap potshots without identifying yourself is very low. Stand tall, whoever you are, and take responsibility for your comment!

AZ

Anonymous said...

AZ,

Are you going to beat me up if I do? Are you going to tell on me? Was the shot at you or anyone you know personally? Dont get your panties up in a bunch.

Anonymous said...

____________________________________________________________

Young Mitt Romney • Succeeding in America

___________________________________________________________


I must plan thing to a standard of excellence

if I want to succeed. The greater the challenge,

the higher the standard must be.

____________________________________________________________

The election this year is all about jobs.

It is about building a vibrant economy.


“The economy is what I do, it’s what I know, it’s what I’ve done,”

Romney said. I’ve actually done it –

started businesses, run businesses. I know how to do it.”

____________________________________________________________

Mitt Romney delivers • ECONOMIC POLICY • in Detroit, Michigan

www.MittRomney.com/blogs/mitts-view/2012/02/mitt-romney-delivers-remarks-detroit-michigan

____________________________________________________________


Doctorate in English Literature — The Path Not Taken

Romney’s seriousness as a student impressed many classmates.

The chairman of the English dept. Marshall Craig

liked telling a story about how Romney,

when approaching graduation, came to him seeking advice

on pursuing a doctorate in English literature.


“You can afford to read all the books you’d like,

but why would you get a PhD and starve?”

Craig often recounted telling Romney.

“You should get an MBA.”


Romney, who earned cum laude recognition,

would subsequently attend Harvard to pursue an MBA.

Marshall Craig propelled Mitt Romney to pursue SUCCESS.

____________________________________________________________


A Look At Mitt Romney's Business Career:

Today, we will look at Mitt Romney's record as a businessman.

http://conservativesamizdat.blogspot.com/2011/09/part-iii-look-at-mitt-romneys-business.html

http: //conservativesamizdat.blogspot.com/2011/09/part-iii-look-at-mitt-romneys-business.html

A nice summary of Mitt Romney's extensive career in business:

www.rightspeak.net/2011/03/mitt-

Mitt Romney's Rescue Of The Salt Lake Olympics

http://conservativesamizdat.blogspot.com/2011/09/part-iv-mitt-romneys-rescue-of-salt.html

____________________________________________________________

www. MittRomney.com

TO REACH MY POTENTIAL

will require work and displine.

It will require
a deliberate and determined effort at self-improvement.

It will require
the setting of high goals and

a consistent effert to achieve them.

And underlying all these, it will require

Purity, Clarity, and Precision in Thought.

____________________________________________________________