I want President Obama, his entire campaign, and everybody who works in the White House to be given IQ tests, NOW. Because the rationale for their attacks on Mitt Romney’s tenure at the private equity firm Bain Capital is so dumb, that I’m concerned that the country is being run by people with substandard IQ’s.
Dumb is even worse than evil. When you go to the movies, you kind of admire the crafty evil guy. And the crafty evil chick is sexy. But no one roots for dumb characters, good or bad.
An evil president would at least understand our enemies.
Obama Monday offered up the remarkable claim, since parroted by his parrots, that Romney was a poor match for the presidency because he sought to “maximize profits” at Bain. Obama said:
Now, I think my view of private equity is that it is set up to maximize profits. And that’s a healthy part of the free market. That’s part of the role of a lot of business people. That’s not unique to private equity.
Part of the role of a lot of business people? Maximizing profits IS THE ROLE OF ALL BUSINESS PEOPLE. You find me a business person who is not “set up to maximize profits” and I’ll show you a business person who is headed out of business.
They may contribute to charity, be loyal to their employees, and do other nice things. But they are ALL TRYING TO MAXIMIZE PROFITS.
Please, show me Obama’s college transcript. If he took a single economics course, I’ll eat my computer. All of it.
I think a president’s job is to know the first and maybe the second thing about capitalism. If he doesn’t, perhaps that’s why growth is stuck at 2 percent. Maximizing profits, Mr. President, created this country.
So Obama really thinks, whether he knows it or not, that all business people – not just Romney – lack qualifications to be president.
And what exactly is this activity Obama and his people are talking about – “maximizing profits?” It doesn’t exist. It’s really just a side effect of other things that are activities.
Have you ever asked someone, “What are you doing today,” and they said, “Quiet, I’m maximizing profits.” There is no such thing.
Romney’s claim is not that he maximized profits, but that he did things that helped investors maximize profits, turning failing enterprises around by creating efficiencies, limiting wasteful spending, while himself acting as an executive. He argues that he understands how business and the economy work.
These, um, sound like relevant experience for a president that will have to deal with $1 trillion annual deficits, pitifully slow growth, and high unemployment. I’d say any enterprise like the U.S. government that has run up more than $15 trillion in debt and is getting its credit rating downgraded could use some private equity assistance.
Let’s be clear about what’s going on here. The White House is attacking rich people and business people, saying Romney is one of them, and hoping everyone will hate such people as much as Obama does.
My bet is voters are going to hear Romney maximized profits and think maybe he knows a thing or two about what to do with the economy.
That they’ll see through the dim-witted ruse that someone who maximized profits is not really qualified to be president.