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Who is Best for Business in 08?
We’re not even out of 2006 and we’re already talking about the 2008 election. Its going to be a long two years. Here’s the candidates that seem to be emerging as the front runners:
Democrats: Hillary Clinton, Barack Obama, and John Edwards.
Republicans: John McCain, Rudy Guilliani, and Mitt Romney.
So who is the best candidate for business and economic growth in 2008? Let’s take a look:
Hillary: Attorney (but she knows land deals)
Osama Obama: Civil rights attorney with no business background
Edwards: Got rich suing companies
McCain: Career politician (but he did work in his father-in-laws beer business)
Rudy: Prosecutor and career politician
Romney: MBA/JD from Harvard (cum laude). Former CEO of Bain Capital and Consulting.
From Wikipedia:Â
Romney was a vice president of Bain & Company, Inc., a Boston-based management consulting firm. In 1984, Romney left the company to co-found Bain Capital, which quickly became a highly successful private equity investment firm.
In 1990 Romney was asked to return to Bain & Company, which was facing financial collapse. As CEO, Romney managed an effort to restructure the firm’s employee stock-ownership plan, real-estate deals and bank loans, while increasing fiscal transparency. Within a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without layoffs or partner defections.
Following his year at Bain & Company, Romney returned to Bain Capital. During the 14 years he headed the company, Bain Capital’s average annual internal rate of return on realized investments was 113 percent. During Romney’s tenure, the firm founded, acquired or invested in hundreds of companies including Staples Inc., Bright Horizons Family Solutions, Brookstone, Domino’s, Sealy and The Sports Authority.
Romney left Bain Capital in 1998 to head the 2002 Salt Lake City Olympic Games. He brought the games out of scandal making a $100M profit. He also brought Mass. out of financial ruin as the state’s governor.
Hummmmm, who would I vote for if I were strictly judging the candidates on their ability to promote business and economic growth?
I think the answer is clear.
(Thanks to Jon for inspiring this post)
Hands down Romney because he also has som serious international experience from Bain and the Olympics. Need more? He speaks French fluently.
Left by Russell Page on 12/21/2006[...] The fact that I’m not supporting Mitt Romney may come as a surprise to some people. I have said in the past that I think Mitt is the best candidate for business. I still think that. But there are larger issues at stake in this election. The bigger issue with Mitt is his religion - my religion - Mormonism. The LDS Church has been drug through the mud in the media over this guy’s candidacy. I don’t think its been worth it. The LDS Church as spent decades improving its image in the media and in the course of a year we’ve taken a giant leap backwards. I don’t like seeing my religion take the hit over one guy’s ambitions. At any rate, I know Mitt is a good guy. I’m sure he’s a good Mormon. I’m sure he means well. I’m sorry but he’s not my candidate. Â Â Â [...]
Left by Chris Knudsen on life, business, and entrepreneurship » It is time to consider Ron Paul on 08/07/2007