Mitt Romney touts his business experience as a basis for his
ability to turn around the United
States economy. That’s a frightening
proposition given that given that Romney’s experience as a venture capitalist
involves leveraged buyouts. Wow, imagine the feeding frenzy of a LBO of the United States,
what a business windfall.
If someone is using their business background as a basis for
becoming President of the United
States then you have to examine that
business experience and determine how it would be used to reach their goals.
Someone like Mitt Romney was involved in making profits from investments in start-ups and struggling companies. Mitt Romney’s firm was not interested in
profiting from long term operating profits from the organizations it invested
in, but in extracting the largest payout it could within a certain time frame.
How would that apply in a government setting?
Don’t think that what would amount to a LBO of the United States
is far fetched. Some of the most valued assets we have are being sold off or
lease right now. One of the most precious assets the country possesses is its
infrastructure. Many public roads across
the nation are being converted to toll roads under long term lease deals. A
study
by the U.S. PIRG Education Fund details this growing trend.
Private/public partnerships and small government are the new
code words for moving government services over to private for profit
generating activities. The federal government is filled with opportunities for
profit making transitions if the skids are greased with the President and
Congress being of like mind. A nation with the riches of the United States
is ripe with opportunities with obvious choices being the transition of
Medicare and Social Security into the private account investment market.
National parks could be opened for drilling and almost any agency you can think
of could be outsourced on a consultant basis.
Some may ask why the scenario above would be a problem since
we are running deficits as a country. The problem comes in because the
government is based upon a service model and not a for-profit model. Government
is here to serve it citizens and not profit off them as customers. When profit
comes into the picture someone is not going to be able to afford the price and
go wanting.
Mitt Romney is a businessman who is great at making money for
himself and his investors, the question is can he deliver services to the
citizens of the United
States. There may have been a ray of hope
given that he delivered a healthcare plan to the citizens of Massachusetts when he was Governor, but he
avoids that subject like the plague in order to please his current supporters
that are sitting at the table with their forks and knives hoping that a great
feast is at hand.