Another reason why Mitt won’t get veep slot
August 3rd, 2008 at 12:14pm Pat Cunningham
 
Last week, I told you HERE of certain evangelicals who are opposed to the idea of John McCain choosing Mitt Romney as his running mate.
And then there’s the likelihood that Democrats would attack Romney for having made millions of dollars downsizing companies he acquired as a private equity investor (see HERE).
Entry Filed under: Uncategorized
11 Comments Add your own
1. dave | August 3rd, 2008 at 2:59 pm
Mitt would be a great VP. I am a conservative christian, and evangelical if you will. Mitt, offers us a manthat knows business, big and small, and would be best suited to be VP. Downsizing is all part of the great American way, Free enterprize and without this the economy can’t grow, people can’t grow. The days of total security in a job for 30 years are long gone. Every 3-7 years an indivicual needs to take his 401K and move on, to advance oneself. With Obama, well he will probably nomiate himself or his wife to hld the VP job. After all this man is “The ONE”
2. Kaus | August 3rd, 2008 at 9:46 pm
Private Equity Investment buying poorly run businesses and doing what needs to be down to resell them. Sounds like the perfect guy to run for office and downsize Government waste….go Mitt!
3. Pat Cunningham | August 3rd, 2008 at 9:49 pm
That’s what I say: Go, Mitt! I hope McCain picks him, but I fear that he won’t.
4. Menlo Bob | August 4th, 2008 at 8:41 am
I have no particular interest in who gets the nod as the vice presidential candidate, but to say that you know that it wan’t be Romney based on the say so of two (2) people no one has ever heard of, is idiocy. The same thing can be said of EVERY potential candidate. Go ahead, name someone–I’ll find two people who are in opposition.
5. Pat Cunningham | August 4th, 2008 at 8:55 am
Bob: I’m telling you, it’s not going to be Romney. McCain is not going to defy Tim LaHaye (whom “no one has ever heard of”???) and the others on the Religious Right who don’t like Mitt. And McCain also doesn’t want the Democrats to exploit, fairly or unfairly, Romney’s record as a private equity investor — especially in a year when the economy seems likely to be the No. 1 issue. You can call my theory idiocy, but I call it keen political analysis (which, of course, is my stock in trade). As I said in reply to Kaus, I’d love to see McCain pick Romney, but I’m sure he won’t.
6. Craig Knauss | August 4th, 2008 at 9:05 am
“Downsizing is all part of the great American way….”
“Private Equity Investment buying poorly run businesses and doing what needs to be down to resell them. ”
The first statement is an example of incompetent management and the second is an example of scumbag speculators who care nothing about a company and its employees. And people wonder why American business is going down the tubes? Haven’t we had enough of people like Icann (TWA), Agee (Morrison Knudsen), and McCartle (International Harvestor), to name just a few. Maybe we should try a different course: outsource the management and keep the people who actually do work!
7. Menlo Bob | August 4th, 2008 at 10:33 am
So now you’ve got it down to one guy–Tim LaHaye. How can I be less impressed.
8. Kaus | August 4th, 2008 at 3:47 pm
Craig, if an investment company has to resell the business to make a profit, obviously it has to make intelligent cuts in head count or no one would buy it. Since you live on the LEFT coast, you obviously don’t understand Capitalism nor USGAAP for that matter.
9. Craig Knauss | August 4th, 2008 at 10:12 pm
Kaus,
Yes I do understand capitalism and GAAP. Probably as well as you ever will. And I don’t have a problem with legitimate profits. I do have a problem with buttholes that buy a company, slash the workforce to reduce short-term operating costs and boost stock price (via other speculators) and then dump the hollow shell just before it goes bankrupt. They make their money and everyone else gets the shaft. You call this “intelligent head cuts”? Since you constantly defend these creeps, I’m inclined to think that you’re one of them. And for the record, I have a Masters in Engineering Management. It’s equivalent to an MBA. And I had a minor in economics when I got my engineering degree. But, unfortunately, I believe in business ethics. Something that’s in short supply these days, especially near you.
10. Kaus | August 5th, 2008 at 7:15 am
Show me where Mitt’s investment company has done what you mention in your last post? I would agree with your comments regarding ruthless CEO’s cutting to make their bonus and stock options…..different scenario however.
You sure like to pontificate about your brain power and contributions to society. You must have a really cool blog with your picture and awards and stuff……
11. Milton Waddams | August 5th, 2008 at 9:07 am
Craig hit the nail right on the head, this is one of the things that is wrong with business these days. Everything is short term profits, no matter the long term cost.
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Trackback this post | Subscribe to the comments via RSS Feed