Congressman Tim Bishop continues to push his manufactured campaign issue, with the full union backing of the Communication Workers of America, to fight against outsourced call centers. He calls it a “surgical strike”. I think there are more appropriate names for it.

It’s always fun to listen to someone who hasn’t spent a day outside of academia or government tell the rest of us, a) what the problem is; and b) what the solution is. The first question that I would ask Congressman Bishop is “why is this such an important issue for your constituents?” Answer: It isn’t. There are no major call centers in his district and there are none that I know of that are weighing a move to his district. So why is this his major legislative focus?

He is desperately looking for an issue, any issue, that he can campaign on. He cannot campaign on his record. He cannot campaign on a record of supporting the Obama economic disaster. He cannot campaign on how much the debt ballooned on his watch. So Doctor Bishop wants to do a little surgery and penalize companies who outsource call centers. Since Bishop never held a job that produced anything for a profit he can be excused for not grasping the impacts of his proposed bill.

One of his provisions is to make companies that have outsourced call center jobs overseas ineligible for government contracts. Two of the largest US PC manufactures HP and Dell and they both have call centers overseas. So does Congressman Bishop want the stop the federal government from buying PCs from HP and Dell? Who should they buy them from? Chinese Lenovo, Taiwan based Acer? Japan’s Toshiba? Speaking like a general he says it is a surgical strike. Well surgical strikes are designed to limit collateral damage, and Bishop’s plan is chock full of collateral damage.

Here is how Bishop could really help the situation. First, take a basic economics course. Study how the global economy works and how free global trade helps everyone. Perhaps he should ask his backers at the Communications Workers of America, what they can do to make call centers in the US more cost-effective. Do they have too many work rules in their contracts? Do they force their members to pay union dues to pay for the union to back Bishop and Obama? If their dues were limited to collective bargaining, perhaps employers could afford more call center jobs in the US. Tell Obama we need to slash the corporate tax rate so that companies do not save billions of dollars by locating operations in overseas countries with lower tax rates and then trap those profits overseas so they can’t be brought back to create jobs here.

But that may be too much to ask of Mr. Bishop before November. So here’s a better idea. Step down, and let someone who has actually created jobs take your place.

That’s my opinion; I’d like to know yours. Please comment below.

While wiping his feet on the First Amendment by trying to force Catholic institutions to bend to his will and force them to provide services that go against their core beliefs, President Obama took time to lecture us on the Bible, and twist it to fit his reelection campaign. This outrage doesn’t get a pass.

The Bible Supports Obama’s Tax Plan

Obama tried to use the bible verse about from those who have been given much, much is expected, as a call from God to pay more taxes. To follow the Buffett Rule, if you will. Here is the verse from Luke 12:48:

When much has been given a man, much will be required of him.

But the context is in terms of doing the master’s will, not paying taxes. When it comes to paying taxes, Jesus was asked specifically about it. Here is that passage:

They sent some Pharisees and Herodians after him to catch him in his speech. The two groups came and said to him: “Teacher, we know you are a truthful man, unconcerned about anyone’s opinion. It is evident you do not act out of human respect but teach God’s way of life sincerely. Is it lawful to pay the tax to the emperor or not? Are we to pay or not to pay?” Knowing their hypocrisy he said to them, “Why are you trying to trip me up? Bring me a coin and let me see it.” When they brought one, he said to them, “Whose head is this and whose inscription is it?” “Caesar’s,” they told him. At that Jesus said to them, “Give to Caesar’s what is Caesar’s, but give to God what is God’s.” Their amazement at him knew no bounds – Mark 12:1-17

When asked specifically about taxes Jesus dismissed them, seeing the political trap. Jesus didn’t say let’s go to Rome and lobby for the least of our brothers. He didn’t say, you know, we need a new government program. He didn’t tell of the Good Samaritan, calling his Roman Senator to pass a new law to provide free health care for victims of highway robbery found laying in a ditch. He said we should take care of such things ourselves, not pass the buck to someone else. So instead of asking the rich like Romney to pay more in taxes, ask Joe Biden how much he gives of the public’s money, that he has been living off most of his adult life, to charity. See if Obama wants to brag about so-called Catholic Biden, giving an average of $1 a day to charity while pulling down a tidy six figure income. Since 2010, Romney gave $7 million to charity. What about the Obamas? Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent. As former Louisiana Senator Russell Long famously said, “Don’t tax you, don’t tax me, tax that fellow behind the tree.” It is hypocrisy at its boldest. But then this president has never been shy.

Wasted Gifts

What should be embarrassing to Obama is that the passage he used really refers to him. Who has been given more than Obama?  He grew up in Hawaii, he got an Ivy League education, he has drawn a salary from the public trough as an Illinois state senator, a U.S. Senator, and President of the United States. What has he done with these gifts? We know he has played golf over ninety times, he has taken long vacations, he plays basketball every week, and rather than meeting with members of Congress he stonewalled them and then blames them for the state we are in. Let’s take the passage from Luke that Obama quoted and back it up a few verses:

The Lord said, “Who in your opinion is that faithful, farsighted steward whom the master will set over his servants to dispense their ration of grain in season? That servant is fortunate whom his master finds busy when he returns.”

It is not the rich who according to Obama do not pay enough taxes that the Bible refers to, but him, who was given bountiful gifts from God but squandered them. What would Jesus say to Illinois Senator Obama who opposed legislation that if a woman went to a hospital to have an abortion and if the child was actually born alive, the surviving child should be given all necessary medical care? Is that caring for the least of his brothers? Is that emulating the Good Samaritan? Is there no level to which Obama will not stoop to get himself reelected? America has had enough of this president. America deserves better.

That’s my opinion; I’d like to know yours. Please comment below.

It’s time for Romney and Gingrich to step up their games with the fall in mind and stop slinging mud at each other. I’ll give Santorum and Paul a pass at this point as although they are trailing far behind, they are trying to stay on the high road and true to their beliefs.

Tips for Mitt

It’s time to give up the ghost on RomneyCare. Okay, you were a govenor and states are sovereign and it looked like a good idea at the time. But your efforts to defend RomneyCare while attacking ObamaCare is one of the reasons that many conservatives don’t trust you. ObamaCare is largely resonsible for the birth of the Tea Party, the only birth that conservatives want associated with ObamaCare and Obama probably wishes it was an abortion instead. I think many conservatives would accept you saying, it appeared workable, no one had tried it before, states should be a laboratory for differnt approaches to governing, but this idea really didn’t work, and regardless of whether it worked or not, healthcare is not the constitutional responsiblity of the federal government. Then forcefully reitereate that you will end ObamaCare.

Everyone knows that politics is not beanbag. It is a full contact sport, but just be careful with taking things out of context to twist their meaning. There should be enough differences between you and Gingrich, to present your plans and let the people decide. Keep it clean, no hitting below the belt.

Tips for Newt

It’s time to put on your big boy pants. If you think Romney is tough, wait until you get in the ring with Obama. He will have no compunction about lying about your record. If your excuse for not doing as well in the last two debates is that you never stood next to someone on the same stage who lied about your record, you have a rude awakening coming. If most of your supporters are salavating to see you debate Obama and this is all it takes to knock you off your debating game, throw in the towel now, please!

You need to come clean on what you did for Freddie Mac. Obama is still blaming the economy on the Bush years and the terrible mess he was handed, the center of which was the housing meltdown. If you don’t put on the table exactly what your role was and what you were paid to do, Obama will have a field day saying, “For the past four years we have been trying to recover from the housing crisis, and do you really want to put someone in the White House who caused it? De we really want to go back there?” Newt, you have to get this out now and put it behind you if he can.

It’s Obama and the Economy, Stupid

If we don’t get Obama out of the White House, ObamaCare will be permanant. If you thought Obama had socialist leanings before, imagine what they will be if he no longer has to face the electorate? If the past three years haven’t been painful enough, what will happen with a Republican Congress and an Obama presidency? Obama will try to run on a “do-nothing” Congress this fall but that’s a tough sell with the Democrats in Control of the Senate, but if the Republicans take both chambers and Obama stonwalls for two years, he can make that argument in 2014, “It’s a Republican Congess and we are stonewalled. I need a Democratic Congress to work with.” We may see a reverse landslide to 2010. Let us not snatch defeat from the jaws of victory. This should be an easy election to win, if we don’t screw it up ourselves.

That’s my opinion; I’d like to know yours. Please comment below.

If you ask conservatives what their number one priority is in the 2012 election, most will agree it is to unseat Barack Obama. Yet unless Rick Santorum can expand his base beyond social conservatives, Newt Gingrich and Mitt Romney may hand the election to Obama on a silver platter.

When Newt Gingrich is good, he is very, very good, but when he is bad he is awful. Romney has not won the hearts and minds of conservatives because of some of his past positions, his fumbling when he should strongly be defending himself, and his personal tar baby, RomneyCare. In the last debate Santorum almost pleaded for a focus on the national issues, but it only took a moment for Gingrich and Romney to roll back into the mud.

Romney has not been able to break out of the 25% neighborhood, but he hasn’t much fallen below it either. Santorum, Romney, and Gingrich each have a win under their belts, but Romney has either been first or second in each contest, which the others can’t claim.

Gingrich can rightfully claim to have led the Republicans out of the wilderness that they languished in for forty years. He can rightly claim that he worked to reform welfare, balance the budget, cutting the capital gains tax, and has worked hard to strengthen conservative causes. He also has some good ideas on taxes. That is what he should run on.

On the flip side, he resigned from Congress when it was clear to him that his own party was not going to reelect him Speaker of the House. In 1997 there was an attempted “coup” where several Republican leaders told Gingrich to step down or be voted out. Newt stood firm and prevailed, but after the 1999 election it was clear that he would not retain the Speaker’s gavel and he resigned. At the time Gingrich said, “I’m willing to lead but I’m not willing to preside over people who are cannibals.” On the one hand, Newt Gingrich through deft political skill got Bill Clinton to go along with welfare reform, balancing the budget and tax cuts which turned Clinton into a demigod among Democrats. On the other hand, his brinksmanship against Clinton, with the government shutdown and his handling of the impeachment, drove Republican approval ratings into the ground. Clinton was a masterful politician, so is Obama.

The Dark Side

In the nomination battle Gingrich has gone after Romney on some pretty bizarre points for a conservative. He has attacked him on being a free market capitalist. The super PAC that backs Gingrich put out a hit piece that was so full of errors, even Gingrich said it should be corrected or pulled. But is attacking free market capitalism conservative?

He attacked Romney for his investments and for having foreign bank accounts when he knew, or should have known that Romney’s investments were in a blind trust. For those who don’t know what a blind trust is, here’s a definition.

A financial arrangement in which a person, such as a high-ranking elected official, avoids possible conflict of interest by relegating his or her financial affairs to a fiduciary who has sole discretion as to their management. The person choosing the trust also gives up the right to information regarding the status of the assets.

The key point is that Romney “gives up the right to information regarding the status of the assets.” How can Newt attack him on his investments if Romney has no control or knowledge over them? So Newt either knew this and hoped no one would notice, or he didn’t bother to find out. Romney seems be more on top of his game, because in the debate when Newt attacked him on investments in Fannie Mae and Freddie Mac, Romney shot right back that Newt had similar investments. Oops! Who would you rather have in the Oval Office, the guy who does his homework, or the guy who shoots from the hip?

The latest attack from Gingrich out today concerns Medicare fraud at a company called Damon Corporation. Damon was involved in Medicare fraud to the tune of about $25 million between 1988 and 1993. Bain Capital acquired Damon in 1989, while Romney was running Bain and he sat on the board of Damon. So according to the timeline Damon was already fraudulently filing Medicare claims before Bain bought them.

When tipped off by whistleblowers an investigation was started and Damon ultimately paid a fine of $116 million. Romney was never charged with any wrongdoing. So what is the point of Gingrich’s ad? Why are Democrats and unions running similar ads to Gingrich’s? This is not a new discovery. It was brought up when Romney ran for Governor in 2002 and a Google search finds a similar reference on a Huckabee blog in 2008. Romney said he learned of the issue and took steps to deal with it, prosecutors disagreed. More facts will certainly come out in the next few days, but it seems that Gingrich is writing Obama’s campaign playbook. It’s one thing for the Democrats to raise these petty issues, but it gives them a whiff of credibility if they can show clips of prominent Republicans mouthing the same charges.

The focus for both of them should be the guy in the White House. For Romney it’s about making the case that he is a reformed moderate and he has moved away from those positions and how he has to convince conservatives of that and of Republicans that he can beat Obama.

For Gingrich, he has to prove that he is not a flip-flopper between pro-free market or anti-free market; between government solutions or government being the problem; about creating an environment for success or demonizing success; about being pro-cap and trade or against the global warming hoax; about endorsing liberal Republican candidates because they can win or backing the most conservative, electable candidate.

I took up commenting on the political scene just before the last presidential election. I don’t want to try to survive another four years of Barack Obama. It will be no consolation to say,”Yeah, but do you remember how Gingrich ripped up John King of CNN?” Retiring Obama is job one.

That’s my opinion; I’d like to know yours. Please comment below.

President Obama, always on the campaign trail, is now on the road trying to explain why his class warfare strategy is not class warfare. In his State of the Union address, he once again invoked the “Buffett Rule”, which is little more than a fig leaf to allow Obama to raise taxes. But what about some other “Buffett Rules”?

Spending

What is the Buffett Rule on spending? Does Warren Buffett agree with President Obama that we should spend 150% of what we take in? Did Warren Buffett become one of the richest men on the planet by spending 150% of what he takes in and borrowing the shortfall? I think Buffett’s counsel would be to live within our means; don’t spend more than you take in, but I didn’t hear President Obama invoke the “Oracle of Omaha” when he submitted his budget to the Senate that was voted down 97-0. I didn’t hear Obama mention spending at all other than to say some nonsense about cutting spending by $2 trillion over ten years. At the rate we are going that level of spending “cuts” will mean we are $8 trillion deeper in debt ten years from now rather than $10 trillion. We need to cut $1 trillion in spending next year. So let’s hear what Buffett has to tell Obama about spending.

Investing

Warren Buffett is regarded as a masterful investor. What’s the Buffett Rule on investing? President Obama took credit for saving the auto industry. Really? If that is his idea of a good investment why does the price of GM stock have to rise to $52 before the American people’s investment to break even? GM stock is currently trading around $25. How many people are expecting GM’s stock to double in the near future? Or is it more likely that union contracts will once again, drag GM beneath the waves? My research indicates that Warren Buffett does not hold any GM stock. I wonder why? I do know that Warren Buffett made a very tidy profit by investing in Goldman Sachs. Meanwhile American taxpayers, you know, the ones who are under taxed, bailed out that company and many others. How much did Buffett invest in Solyndra? How much money is Warren Buffett investing in high-speed rail in California? Why should the American people believe that someone who has never held a job in private industry (Obama) is suddenly the smartest venture capitalist in America? How big of a portfolio do the real venture capital firms put in the hands of new hire fresh out of college? But this president takes billions of our tax dollars and squanders them on his pet projects and then lectures us how we need to invest in our future when they go belly up. When is Warren Buffett going to tell him to stop?

The Buffett Rule on Taxes

At the State of the Union address we were introduced to the famous secretary of Warren Buffett. She’s the poor woman who pays a higher tax rate than Mr. Buffett on her income. It is estimated that the poor dear makes between $200,000 and $500,000, otherwise she would not be paying double the tax rate of Buffett. That could put her solidly in the top 1% of earners in the country, if she is at the high-end of that range (the top 1% is earnings above $343,000). So Barack Obama actually lamenting that the top 1% is over taxed? Of course not. It is not about who is paying too much, it is about who is not paying enough.

The problem is spending, plain and simple. There are not enough rich people in America, even if taxed at 100% to close the budget gap. What Obama is doing is class warfare. Let’s get people angry enough at the wealthy so that Obama can then link the wealthy to the Republicans and sneak back into a second term.

If Obama thinks he is playing by the rules, Buffett’s rules, then he should at least play by all of them.

That’s my opinion; I’d like to know yours. Please comment below.

They are still using the same tired rhetoric, about inheriting the worst economic calamity since the Great Depression. The truth is that the worst economic calamity since the Great Depression is the Obama administration. Barack Obama stands with Herbert Hoover as the only presidents with negative job growth during their administrations. As if stuck in the 1930s, Obama dusted off FDR’s playbook, since he had no personal executive experience to draw on, and that playbook didn’t work then and it’s not working now.

So along comes an opportunity for a major “shovel ready” project, backed by unions, that can create thousands of jobs, move us closer to energy independence, help us depend less on getting oil from Middle East despots, and what does Obama do? He kills it. What he wanted to do, was defer a decision on this until after the election, eleven months away. He wanted to do what he does best, vote “present”.

Congress, particularly the Republicans who seem to be the only adults working on Capital Hill, included a provision in the payroll tax holiday extension, to make a decision within sixty days. People are hurting, gas prices are creeping up, unemployment benefits have been extended to extraordinary lengths, and this incompetent president says that sixty days was not enough time to review the proposal so he had to, sadly, reject it. Perhaps if he hadn’t played all those rounds of golf, perhaps if he had studied it a little closer instead of spending all that time in Hawaii, perhaps if he put this job creating proposal on the top of the EPA’s to-do list instead of their focusing on the job killing regulations to limit power plant emissions, he would have gotten his job done. But no, sorry, I don’t have my homework, teacher, I dunno, I forgot, my dog…. Enough!

Let China make an oil deal with Canada. We can always buy the oil back from them at a premium. Why not, they probably don’t have enough of our dollars as it is now. Why not give them more? This president is making decisions that will cobble together a coalition of supporters to get him reelected. This is about appeasing the environmental movement so that they won’t abandon him.

At an event in Ottumwa, Iowa, on Dec. 31, Rick Santorum mocked the idea that the pipeline posed the threat of environmental damage, noting that there were already many other pipelines in the area it would go through. “This is just, again, pandering to radical environmentalists who don’t want energy production, who don’t want us to burn more carbon,” Mr. Santorum said.

The State Department, which has authority over this since it goes between us and Canada, “said there was not enough time to draw a new route for the pipeline and assess the environmental harm.” Bullfeathers. It’s a 1700 mile pipeline. The area in question is a fraction of that length. Agree to the pipeline, get started hiring people and building it in areas not in dispute, and work to resolve the section in question. But unless it is killed, Obama risks losing the green vote and what is more important, America or Obama’s reelection?

I’d like to ask my Congressman, Tim Bishop, to weigh in. What do you have to say about this, Tim? Or are you too busy manufacturing your own campaign issue around outsourced phone center jobs. If jobs are really important to you, you would stand up and challenge Obama for killing an opportunity for good, high paying, union jobs in America. On the other hand you can stay silent, not challenge President Obama’s error and risk his ire and possibly lose campaign funds and support. So what do you stand for, Tim? Putting America first or putting your interests right up there with President Obama’s and above America’s.

That’s my opinion; I’d like to know yours. Please comment below.

As a conservative, I can’t help but admire Newt Gingrich’s performance in the Republican debates and lust for the opportunity to see him debate Barack Obama head to head. But then I have a nagging doubt that if Newt were to become the nominee, which Newt will show up?

On any given Monday, Wednesday, Friday or Sunday, Newt Gingrich will be a rock solid conservative that we can all get behind. However, on any give Tuesday, we will find him getting cozy on the couch with Nancy Pelosi to talk about fighting global warming. On any given Thursday, he will endorse a liberal Republican Congressional candidate like Dede Scozzafava in New York’s 23rd district, against a conservative Doug Hoffman and an even more liberal Democrat. On any given Saturday, he will attack capitalism as being predatory and his supporters will back it up with a half hour documentary that the web site “Fact Checker” gives four Pinocchios.

A number of Republicans who worked with Gingrich when he was Speaker of the House, including Tom Coburn who garners a 95% conservative rating, say they will have a very hard time getting behind a Gingrich candidacy. What do they know that we don’t?

If someone could guarantee that the Newt that is on the debate stage, is the Newt that we will remain through election day, I could see myself supporting him. However, if he were to win the nomination and then have a Tuesday, Thursday, or Saturday moment, we could see Obama coast to a reelection victory and I cannot imagine American surviving another four years of Obama. I want to back the most conservative candidate that can get elected, and that is my dilemma.

That’s my opinion; I’d like to know yours. Please comment below.

Tim Bishop likes manufacturing. The manufacturing of campaign issues, that is. In his effort to manufacture a campaign issue around overseas outsourcing, he got a lifeline from the White House yesterday when President Obama held an “insourcing” forum yesterday to encourage companies to “bring jobs back to America.” An editorial in the Wall Street Journal titled, “Insourcing for Dummies” describes the effort.

Having spent his entire adult working life at either Southampton College, which went out of business and was acquired by the State University of New York, and the House of Representatives, Mr. Bishop should be forgiven if his grasp of economics is lacking. So let’s try to help get him up to speed.

Coming from academia, I am sure Mr. Bishop will give due deference to a study on outsourcing from an Ivy League University. Matthew J. Slaughter, an economist at Dartmouth’s Amos Tuck School of Business, conducted a study where he found that for every job outsourced overseas, two jobs were created in the U.S. How could that possibly be? It works something like this.

Let’s say a company has an opportunity to outsource its call center overseas and takes advantage of doing so. It utilizes a well-educated work force in India, and let’s say it cuts its cost allocated to that call center in half. It now has additional capital to invest in growing the business. To do so, it hires more sales people, who in turn need sales engineers to explain their widgets to their perspective customers, and when the customers buy more widgets, more people are needed to process the orders and build the widgets. This boost of growth results in a boost in jobs.

Slaughter studied Bureau of Economic Analysis data, reported annually between 1991 and 2001 for 2,500 multinational companies. This was a time when India and China were ramping up their operations to take on outsourcing roles. What Slaughter found was that while employment in their foreign affiliates grew by 2.8 million jobs, U.S. based employment in the parent firms grew by 5.5 million jobs. Taking it a step further, when that job growth is compared to total job growth, those multinational created more jobs faster than the economy as a whole.

Tim Bishop’s Plan

So what is Tim Bishop’s big idea? He wants companies to shut foreign outsourcing or have two call centers that callers can choose between. That means there is no savings from the call centers, which translates into fewer profits to use to grow the business and hire fewer people. Also lower profits, means less tax revenues because what are companies taxed on? Correct! Profits!

So in the midst of a dastardly economy with high unemployment, and staggering deficits, Tim Bishop wants to curtail corporate growth, reverse conditions for job growth, and reduce tax revenues. What a trifecta! This is all so that Tim Bishop can have something, anything, to build a reelection campaign around. There no major call centers in his district, so this is a bald-faced effort to cling to office. If he was serious about the economy, he would be advocating for slashing the corporate tax rate or even backing the Fair Tax, so that money held overseas could flow back to the U.S. and perhaps other countries would build factories here and create even more jobs. But that would require a grasp of economics, instead of an iron grasp on his House seat.

That’s my opinion; I’d like to know yours. Please comment below.

I find it extremely disappointing that so-called conservatives have jumped on Mitt Romney about a comment he made about firing people. Newt Gingrich, Rick Perry and some others took the comment entirely out of context to score some cheap political points. In their attack from the left they are writing the script for Obama, should Romney win the nomination. I can see Ronald Reagan shake his head and mutter, “Did I teach you nothing?”

If you listen to Romney’s comments in context, they are perfectly reasonable and I know of no reasonable person who would disagree with him. He was talking about a better way of delivering healthcare. Here is what he said.

http://www.youtube.com/watch?v=pSddioKBp9o

How many of you are shocked and disgusted with those comments? Who wouldn’t want the ability to fire a service provider who is giving you lousy service? With ObamaCare, you will not have a choice. It will be government-run healthcare for all and we all know how hard it is to fire the government.

To turn these remarks into Rick Perry’s “vulture capitalism,” and Newt Gingrich’s “predatory capitalism,” is shameful. It’s about ObamaCare, stupid. I want to fire Obama and I would like to do so as soon as possible. If I could recall him along with the Chevy Volt he supported with our tax dollars and he was filmed driving, I would gladly do so.

I do not think Romney is a strong conservative and I am having a hard time liking him as the Republican nominee. But Gingrich has dropped the mask of the genial Uncle Newt and has revealed the Nasty Newt that so many who worked with him in Congress give as the reason they can’t back him. Perry has stumbled and fumbled his way to irrelevancy. He should pack up his tent and go back to Texas. With Republicans like this why have an election?

That’s my opinion; I’d like to know yours. Please comment below.

As if sitting on a couch with Nancy Pelosi talking about global warming wasn’t enough, Newt Gingrich seems to have taken a seat next to Debbie Wasserman Schultz, to attack free market capitalism.

The positive, knowledgeable “Uncle Newt” has left the stage to be replaced by his alter ego, “Nasty Newt.” These two personalities seem to be behind the lack of support for his candidacy from those who have worked with him in the past.

Gingrich is now going after Romney on his track record at Bain Capital and like the Obama administration that likes to pick winners and losers, Gingrich has decided what it good capitalism and what is bad capitalism.

“If somebody comes in, takes all the money out of your company and then leaves you bankrupt while they go off with millions, that’s not traditional capitalism,” Mr. Gingrich said on NBC’s “Today” show.

I think what Gingrich is describing is robbery, not capitalism and he should call the police. How does someone come in and take all the money? You are either brought in by management or you buy your way in. In the former case you are a hired hand and you get paid a fee for your services, you don’t dip that hand into the till. If you buy your way in, you own the company and that includes the cash.

When you buy your way in you are putting your own capital at risk which includes losing it. If a company is in a turnaround situation it means there is a problem. If the problem isn’t fixed the company will probably go under and all jobs will be lost. In conducting a turnaround, yes some jobs are eliminated; uncompetitive plants are shut down; the resources consumed by those inefficient plants are put to better use elsewhere. That is capitalism. On balance it creates more jobs than it eliminates in the overall economy, because capital is free to move to where it is most productive. If Gingrich doesn’t like that, well, neither does Obama and we’re trying to get rid of Obama, not just change the name on the mailbox at 1600 Pennsylvania Avenue.

I Like to Fire People

That quote from Romney was taking out of context. The context being ObamaCare. Romney was saying that if our only provider of health services is ObamaCare, we have no choice and health care will not improve. He said if his health care provider was giving him lousy service he would fire them. He likes to fire people who give him lousy service. This is not about firing your own employees. That is always a difficult an unpleasant task. It is no wonder that Debbie Wasserman Schultz took that snippet and is making an ad to imply that Romney likes firing his employees. For proof of Ms. Wasserman Schultz’s intellectual dishonesty here in an appearance with Chris Wallace she tries to say that Romney is a bad guy because people lost their jobs at companies he invested in, but President Obama is not a bad guy for taking taxpayer dollars and investing in Solyndra which went bankrupt costing 1,000 jobs. At least Romney was not using our money for his investments.

http://www.youtube.com/watch?v=mPAjxij9MZM

So the Democrats are attacking Romney because some people lost jobs in turnaround situations, and Gingrich, Huntsman, and Perry are doing the same. Ron Paul is holding his fire.

The term “firing” is completely different if shown in the full context. Many management books today say you should fire some customers. By that they mean that if a customer takes up more time and resources than they generate in revenue for you, let them go be someone else’s customer. Is that “firing” in the same sense of letting one of your employee’s go? No. Is firing the guy who cuts your lawn because he keeps running over your rose bushes  the same? No.

I am undecided on who I support for president. I have, at various times, considered Perry, Cain, Gingrich and Santorum. But if this line of attack is perceived as a winner by any Republican or conservative, it is more likely to push people into backing Romney. Capitalism is not always pretty, but if Americans want a shot at a better future, capitalism is the system that gives them the best long-term chance at it.

That’s my opinion; I’d like to know yours. Please comment below.