Friday, August 24, 2012

Mitt Romney: What I Learned at Bain Capital

Mitt Romney is featured in an op ed piece in the WSJ.  You can read the full article here.  I have highlighted some bullet points that I found interesting from the piece.  The story centers around Romney's time at Bain Capital and how lessons learned there, will help make him a better President.

There are certainly issues in the private sector just as there are issues in the public sector.  However if leaders were running the company more as a business or how 90% plus of Americans have to manage their own personal finances and affairs, Washington would be a vastly different place and IO doubt that we would have trillions in debt for generations to come.

You can read the full article here

  • A broad message emerges from my Bain Capital days: A good idea is not enough for a business to succeed. It requires a talented team, a good business plan and capital to execute it. That was true of companies we helped start, like Staples and the Bright Horizons child-care provider, and several of the struggling companies we helped turn around, like the Brookstone retailer and the contact-lens maker Wesley Jessen.
  • My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.
  • I am committed to capping federal spending below 20% of GDP and reducing nondefense discretionary spending by 5%. This will surely result in much wailing and gnashing of teeth in Washington. But a failure of leadership has created our debt crisis, and ducking responsibility will only cripple the economy and smother opportunity for our children and grandchildren

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