Debate #1

[Piscator]

Originally Posted by spence

Romney's career was made by parting companies out for a profit, not structuring them for sustained growth...and there's a BIG difference.
-spence

Check out a company called Staples........

Not mention being a Governor
Posted from my iPhone/Mobile device

[spence]

Originally Posted by Piscator

Check out a company called Staples........

Staples was one of Bain's earliest and biggest success stories.

But the point is still sound, the objective of private equity is rarely to take long-term risk, it's to structure a short-term deal that they can derive profit from.

Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch.

-spence

[Jim in CT]

Originally Posted by spence

Staples was one of Bain's earliest and biggest success stories. But the point is still sound, the objective of private equity is rarely to take long-term risk, it's to structure a short-term deal that they can derive profit from. Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch. -spence

"Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch"

WOW. OK, Spence. So in 2008, what was on Obama's resume that convinced you he had the grand insight into what the US needs? What had Obama done before 2008, that was more relevent to being POTUS than Romney's executive experience?

Spence, when you post here, you would do well to remember that we aren't all thoughtless lemmings.

P.S. If you don't htiunk that executive experience in the business world makes him qualified, how about his executive experience in the political world? The man was governor of Massachusetts.