Romney, investors and jobs—Schieffer and Obama will never get it
Sunday, May 27, 2012 at 11:30AM 
Gov. Mitt Romney spoke to supporters in Jacksonville in May. (Photo: The US Report/Kay B. Day)On Sunday’s Face the Nation, Bob Schieffer talked to Robert Gibbs, a senior adviser for President Barack Obama’s campaign, and Ed Gillespie, a senior adviser for Gov. Mitt Romney’s presidential campaign.
Schieffer's questions and his editorializing suggested that, like Obama, the pundit will never get how capital and jobs creation go together like Democrats and taxes (or Republicans and tax cuts). Here's why.
Gibbs, who also served as Obama’s first press secretary, claimed his candidate’s policies grew jobs. Gibbs put forth the usual criticisms of Romney’s work in the private sector.
Gillespie responded by talking about jobs created via the governor’s private sector work, and he reminded Schieffer Romney rescued the Olympics. He also reminded Schieffer of Obama’s blunders, like Solyndra, the crony company that burned more than $500 million in taxpayer money.
If you do a search on Romney and jobs, you’ll get page after page of mostly negative commentary.
What no one points out is the value of private equity. Bain Capital did make money for its investors and in the process, jobs were created. At the same time, those investors—pension plans, for instance—benefited.
Who doesn’t love Staples? Romney’s ability to understand a good startup resulted in a company that not only gives me excellent service and products at a great price. Staples has more than 89,000 employees.
Have you ever gone to Sports Authority to grab merch for your favorite team? The company was another startup Romney’s company had faith in. Now Sports Authority has more than 15,000 employees.
In the interest of fairness, go to the Romney campaign website to see information that will balance all those negative search results—most of those results are from Democrat-friendly media, by the way.
When investors make money, they often reinvest—in new startups or struggling companies. That’s what Schieffer and his fellows don’t get.
Obama will never get it. Instead of realizing the need for government to remove the wall Obama’s regulatory policy on steroids has erected between capital and job creation, Obama’s administration has enacted barriers at every turn. From energy policy to the penalty-driven, federal revenue behemoth that is ObamaCare, this administration has demonstrated a complete lack of understanding of the private sector.
Obama is, as a matter of fact, President Government. Obama's entire background implies he is an adversary to the private sector.
Gillespie did a good job of defending Romney. A laughable moment came when Schieffer told Gillespie Romney should come on some of the Sunday talk shows. Gillespie explained that the campaign is taking its message to the people.
Schieffer did an advance write-up on his blog about the show, and he mentioned the late Walter Cronkite:
“Cronkite was who I wanted to be when I got into journalism, and in fact he's still who I want to be. “
Anyone who knows anything about Cronkite’s politics will understand what that means.
Personally, I’d like to ask Gibbs a question. When is Obama going to do an interview with Sean Hannity or Bill O’Reilly?
(Commentary by Kay B. Day/May 27, 2012)
(Ed. Note: The author receives no compensation whatsoever for supporting the candidates covered in commentary at The US Report, and none for criticizing candidates either. We also receive no compensation for mentioning specific companies.)