Bain Capital

Campaign Advice That Mitt Won't Take
July 19, 2012

Take a moment to read this: Romney must know better than anyone that the folks running our big banks ... are hardly paragons of risk assessment. After all, Bain Capital, where Romney made his fortune, existed in part because worthy businesses often could not borrow on attractive terms from traditional banks. He must know two other things about these banks: They are too big to fail, and too complicated to regulate.

It’s Official: None of the Past Week’s ‘Game Changers’ Have Changed the Game At All
July 19, 2012

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Campaign Advice That Mitt Won't Take
July 19, 2012

 Take a moment to read this: Romney must know better than anyone that the folks running our big banks ... are hardly paragons of risk assessment. After all, Bain Capital, where Romney made his fortune, existed in part because worthy businesses often could not borrow on attractive terms from traditional banks. He must know two other things about these banks: They are too big to fail, and too complicated to regulate.

Is Obama Alienating Rich Voters?
July 19, 2012

Affluent voters were an important element of Obama’s coalition in 2008. Will that change this year? Some observers believe that Obama might alienate former supporters with attacks on Bain Capital and renewed calls to raise taxes on the wealthiest Americans.

The Problem With David Brooks’ Advice For Romney
July 17, 2012

David Brooks has a rather melancholy offering today, framing the Obama campaign’s attacks on Mitt Romney’s record at Bain Capital as the inevitable move of a struggling incumbent -- a move that Romney is inexplicably unready to counter. Brooks, like many more orthodox conservatives in recent days, wishes that Romney would respond to the attacks with a more forthright, self-assured defense of the world of American business, rather than trying so frantically to distance himself from Bain’s activities after his sorta-departure in 1999.

Why Businessmen Don’t Get Elected President
July 17, 2012

If Mitt Romney’s association with Bain Capital ends up sinking his presidential campaign, he’s unlikely to appreciate the irony. But, if he needs consolation, he might consider seeking solace in American history. The fact is that no successful businessman has ever been a successful president, and only a few have even been serious contenders for the job. This might seem odd, given Americans’ long romance with wealthy entrepreneurs and the enterprises they build.

The Bain Economy and What to Do About It
July 17, 2012

President Obama has made Bain Capital's brand of cold, bottom-line capitalism a focus of the campaign against Mitt Romney. But does Obama have any standing to criticize Bain's practices? David Brooks, writing in the New York Times today, doesn't think so: Over the years of his presidency, Obama has not been a critic of globalization. There’s no real evidence that, when he’s off the campaign trail, he has any problem with outsourcing and offshoring. He has lavishly praised people like Steve Jobs who were prominent practitioners.

What Romney Failed to Learn from John Kerry: You Can’t Run on Biography Alone
July 17, 2012

Republicans have been the first to assert, without shame, the parallels between their own “Swift-boating” of John Kerry in 2004 and the Obama campaign’s alleged “Swiss-boating” of Mitt Romney over Bain Capital’s business practices.

Mitt Romney, Crybaby Capitalist
July 16, 2012

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The Pain of Bain
July 16, 2012

What did Mitt Romney know about Bain Capital operations and when, precisely, did he stop knowing it? I don’t have the answer and, to be honest, I’m not sure how much I should care.  The controversy right now is over whether Romney had significant responsibilities at Bain after February, 1999, when he took charge of the Salt Lake City Olympics. The timing matters politically because, after that date, Bain invested in a number of firms that outsourced jobs in politically embarrassing ways. Romney has said he had no active role in decision-making after leaving for Utah.

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