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In his return to the campaign trail today in Colorado, Mitt Romney defended his time at Bain with an awkward and ambiguous soundbite in which he either claimed to have been a small businessman or claimed his Bain experience taught him how how to help small businesses thrive.

Here's video of his soundbite, in which he makes the case that only he can "revitalize" America's economy:

His first two sentences were easy to understand:
This nation is coming back in a magnificent way. You're going to see the people of this country and of the world shocked by how strong our economy is revitalized—as long as we have leaders that understand how the economy works.
But what he said next was not so clear. I'm not sure if he said this:
Look, I spent my life in business—25 years, in small business, big business. I know what it takes to support the energy and passion that drives this economy.
Or if what he said was this: "In small business, big business, I know what it takes to support the energy and passion that drives this economy." Either way, what he said was sheer nonsense. He wasn't a small businessman at Bain, and his experience at Bain didn't teach him how to help small businesses.

Whatever Romney meant, it's worth noting that he is the one holding up Bain as the centerpiece of his campaign. He's the one ignoring his record as governor of Massachusetts, where he presided over 47th in the nation job growth. (He didn't even mention he'd been governor during the speech.)

And Mitt Romney's awkward phrasing is yet another reminder that even though his record at Bain is the only part of his resume that he talks about, he's still unable to clearly define why it matters.

Originally posted to The Jed Report on Tue May 29, 2012 at 11:06 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Jed - when Romney joined Bain & Co. (6+ / 0-)

    the management consulting company it met every definition of a small business and when he started Bain Capital it too was a small business. What's the issue here?

    "let's talk about that"

    by VClib on Tue May 29, 2012 at 11:14:29 AM PDT

    •  100s of millions is small business. (4+ / 0-)
      Recommended by:
      skillet, MartyM, PSzymeczek, Dirtandiron

      It's all so phony, just like Mitt Romney.

      I'm from the Elizabeth Warren and Darcy Burner Wing of the Democratic Party!

      by TomP on Tue May 29, 2012 at 11:16:34 AM PDT

      [ Parent ]

      •  TomP - when they were started they were small (5+ / 0-)
        Recommended by:
        Mogolori, EMBA30, BPARTR, nextstep, mmacdDE

        Bain & Co, the management consulting company certainly  didn't have hundreds of million of startup capital. I would be surprised if they had more than a few million to start. It was just a handful of people, mostly from BCG.  If my memory is correct the first  Bain Capital fund was $20 million of committed capital and the number of employees was about a dozen. These are small businesses. Every new company starts as a small business and Romney was involved at the beginning of both Bain & Co and Bain Capital. Why is this an issue?

        "let's talk about that"

        by VClib on Tue May 29, 2012 at 11:57:02 AM PDT

        [ Parent ]

        •  That's not most people's definition . . . (6+ / 0-)

          of a small business, even if it's standard. When people here "small business," they think of the bodega on the corner or your local plumber.

          It is not true that "every new company starts as a small business." There are some large ventures.

          •  The government definition of (4+ / 0-)
            Recommended by:
            Amber6541, EMBA30, BPARTR, nextstep

            small business is one that employs under 500 people. The finances don't come into it at all.

            You fell victim to one of the classic blunders, the most famous of which is "Never get involved in a land war in Asia".

            by yellowdog on Tue May 29, 2012 at 12:39:43 PM PDT

            [ Parent ]

            •  Finances can come into it (2+ / 0-)
              Recommended by:
              VClib, Dirtandiron

              There appear to be max limits on income of around $20 million for some kinds of enterprises to qualify as "small".
              http://www.sba.gov/...

              from a bright young conservative: “I’m watching my first GOP debate…and WE SOUND LIKE CRAZY PEOPLE!!!!”

              by Catte Nappe on Tue May 29, 2012 at 12:47:24 PM PDT

              [ Parent ]

            •  but that is such a useless (3+ / 0-)
              Recommended by:
              Dirtandiron, TomP, OjaiValleyCali

              number.   That makes a virtual handful of the millions of corporations in America a big business.   Everything is a small business.   Such an overbroad definition makes the statistics meaningless for planning strategy, etc.  The numbers are getting a little old, but last time I looked it up, something like 25 million corporations,  17 million had no employees (mom and pop own and run the businsess), less than one million had more than 500 IIRC.

               And actually, different things for different purposes have different numbers.   Much of the 500 employee stuff comes out of old chamber of commerce rules.

              It is this kind of nonsense statistic that allows Bain Capital with start up money of millions (more than most businesses will have in capital no matter how long in business) claim to be small businesses.  Percentiles by gross revenues and/or employees would be much better and realistic.  It would stop the lies about 'small business' that come from Republicans, the Chamber, etc.

              •  jfromga - Bain Capital started as a small business (1+ / 0-)
                Recommended by:
                yellowdog

                Their first fund had $20 million of committed capital which meant that the management fees to cover all the salaries and expenses were $400,000 a year. The overwhelming majority of the $20 million was reserved for actual investments, not paid out in salaries and expenses. They had fewer than ten employees. By any definition this was a small business. Why is this an issue?

                "let's talk about that"

                by VClib on Tue May 29, 2012 at 01:05:32 PM PDT

                [ Parent ]

                •  because most companies (5+ / 0-)

                  small businesses, start out with something like $100,000 or less and no employees.    It is a one percenter's definition of small business to have $20 million for investments and salaries and expenses of $400,000 per year.

                  It is the same kind of thinking that allows people to talk about tax cuts hurting small business people making more than $250,000 a year (AGI not gross sales/revenues).  Again, a tiny fraction of all people in the US.

                  It is the same kind of thinking as when Mitt dismissed $347,000 in speaking fees as not much money at all.

                  People have no appreciation of the word small or what it means, or what will help the true small businesses in this country if Bain Capital's best interests are viewed as the interests of small business.

                  So it matters on grounds of policy, fairness and just plain reality.  Of course, reality is an option if you are a Republican.  

                  •  jfromga - let's pick our battles (0+ / 0-)

                    By every accepted definition both Bain & Co and Bain Capital started as small businesses and Romney was there from the beginning. We are fighting the wrong battle if you and Ted want to make the claim that Romney never worked in a small business. He did, two of them. There are lots of issues to fight on, but this isn't one of them.  

                    "let's talk about that"

                    by VClib on Tue May 29, 2012 at 01:45:29 PM PDT

                    [ Parent ]

                    •  I think it is part and parcel (1+ / 0-)
                      Recommended by:
                      TomP

                      of the real battle.   When Mitt claims to work in small business, is that what the average voter sees?   Let's just get down to the difference between a one percenter's view of the world and the rest of us.   Let's talk about what is good for the guy who wants to start a small machining shop with $50K he's saved up and a bank loan and hire three employees over the next year.   Is that the same set of policies that makes a Bain Capital grow?

                      This country needs plans that help real people that will never be Bain Capital, as a start up or mature investment firm.  That will never have a listed stock on any exchange.   Those are the companies that grow the economy in many important ways.   Big companies have their place.   But they are displacing everything, in tax policy, subsidies,  every policy decision favors the whales.  The krill are dying.  The whales are moving to the Pacific Ocean or the Indian Ocean, but if we pursue the same policies, soon everything dies.   So it matters.    It is right at the heart over the fight for the future of America, for democracy, for this election.

                      •  jfromga - we are certainly together (1+ / 0-)
                        Recommended by:
                        nextstep

                        on public policy and supporting small, community based businesses. But why fight the fact that Romney was a co-founder of two successful companies, which started small and successfully grew? Romney gas given us many issues where we can effectively battle, but let's pick out fights. I hate fighting against facts.

                        "let's talk about that"

                        by VClib on Tue May 29, 2012 at 02:20:05 PM PDT

                        [ Parent ]

                •  Oh, really? (3+ / 0-)
                  Recommended by:
                  jfromga, TomP, elmo

                  Bain started in 1984. By 1986, they had at least $20 million in fees from just ONE investment:
                  http://www.nytimes.com/...

                  If Bain was ever really classifiable as "small" (SBA says that maximum is $7 million gross http://www.sba.gov/... ), it wasn't for very long at all. These were PARTNERS at Bain & Co. who started it--they had a client list of the richest of the rich from Day One.

                  Rich men can't catch a break...

                  by Daddy Love on Tue May 29, 2012 at 01:56:23 PM PDT

                  [ Parent ]

                  •  DaddyL - I am only discussing their start (0+ / 0-)

                    My only point is that when formed Bain & Co and Bain Capital were small businesses. That's just a fact. They became quickly successful. Isn't that what every startup hopes for?

                    "let's talk about that"

                    by VClib on Tue May 29, 2012 at 02:03:47 PM PDT

                    [ Parent ]

                    •  That's not a "fact" (1+ / 0-)
                      Recommended by:
                      TomP

                      That's an assertion that you have yet to support with an adequate citation.

                      A "fact" is the report from the NYT that ONE CLIENT generated a $20 million fee for Bain Capital two years after their founding.

                      Rich men can't catch a break...

                      by Daddy Love on Tue May 29, 2012 at 02:12:22 PM PDT

                      [ Parent ]

                      •  DaddyL - I am not suggesting (0+ / 0-)

                        that they were a small business two years after they started, but only that they were a small business the day they opened the door. I have started a number of businesses. In many cases it started with just me and in all cases there were just a few founders. Thankfully at some point a few of the companies were no longer a small business. That's how it is supposed to work.

                        "let's talk about that"

                        by VClib on Tue May 29, 2012 at 02:16:14 PM PDT

                        [ Parent ]

                        •  You know, I understand what you're saying (0+ / 0-)

                          You're just not proving it.

                          Rich men can't catch a break...

                          by Daddy Love on Tue May 29, 2012 at 02:19:48 PM PDT

                          [ Parent ]

                          •  DaddyL - everything I have read (1+ / 0-)
                            Recommended by:
                            nextstep

                            suggests that on the basis of number of employees, the value of the business, or the value of the assets on their balance sheets both Bain & Co and Bain Capital were small businesses. I am certainly not going to take the time to go dig up the facts. Both startup management consulting companies and venture capital funds would typically start with a small amount of seed capital and a several founders.  

                            "let's talk about that"

                            by VClib on Tue May 29, 2012 at 02:26:25 PM PDT

                            [ Parent ]

                          •  Yes, why bother with the facts (0+ / 0-)

                            when your assertion proves your assertion?

                            Rich men can't catch a break...

                            by Daddy Love on Tue May 29, 2012 at 02:35:23 PM PDT

                            [ Parent ]

                    •  rich frat boy success (0+ / 0-)

                      or hard working small business success, a nice living, a good reputation, money to send the kids to college, but no quite enough for multiple million dollar mansions and car elevators?   They are two different things, no matter how much you try to paint over the cracks.

            •  The Federal definition of (0+ / 0-)

              a small business depends on the industrial classification.

              https://www.acquisition.gov/...

              The way to combat noxious ideas is with other ideas. The way to combat falsehoods is with truth. - William O. Douglas

              by PSzymeczek on Tue May 29, 2012 at 01:00:19 PM PDT

              [ Parent ]

            •  It's such a weasel word (1+ / 0-)
              Recommended by:
              Dirtandiron

              I think they could turn this against him by explaining what it means and doesn't mean to say you are a "small business.

            •  That's a retarded definition (0+ / 0-)

              There's a hedge fund whose CEO is worth $10.6 billion, yet they have only 275 employees. Are you telling me that someone made $10.6 billion from a small business? Ridiculous.

              "Victory means exit strategy, and it's important for the president to explain to us what the exit strategy is." - George W Bush

              by jfern on Tue May 29, 2012 at 02:57:25 PM PDT

              [ Parent ]

          •  therealcervantes - even venture backed (0+ / 0-)

            high tech startups are small businesses. They many start with as much as $5 million, or more, to fund their product development and growth but only a half dozen founder/employees. These are clearly small businesses, even thought they are well funded.

            "let's talk about that"

            by VClib on Tue May 29, 2012 at 01:08:31 PM PDT

            [ Parent ]

        •  The bigger issue is (1+ / 0-)
          Recommended by:
          mmacdDE

          Romney left Bain in 1999.  Nothing Bain has done since is Romney's doing.   Give him credit for helping to build Bain.  We acknowledge that that is the job of a venture capitalist.

          What's he done for us since 1999?

          The Muslim said "I wished I had met Christ before I met the Christians" - Rev. Marvin Winins

          by captainlaser on Tue May 29, 2012 at 01:05:51 PM PDT

          [ Parent ]

          •  captianl - I was just responding to the issue (0+ / 0-)

            of whether Romney had ever worked at a small business. He has, two of them. Big deal, what's the issue?

            "let's talk about that"

            by VClib on Tue May 29, 2012 at 01:10:27 PM PDT

            [ Parent ]

            •  Bain & Co. (0+ / 0-)

              Bain & Co.was founded in 1973 by a group pf partners from the successful firm Boston Consulting Group (BCG), and pretty surely took some plum clients with them. Bain hired Mitt Romney away from BCG in 1977. Do you really think they were making less that $7 million (in 2012 dollars) by 1977? That they were a "small business" then? I doubt that these high-powered guys were a small business in 1973.

              Rich men can't catch a break...

              by Daddy Love on Tue May 29, 2012 at 02:06:18 PM PDT

              [ Parent ]

            •  And I, too, don't care whether Bain is big or (0+ / 0-)

              small.

              Bain is what it is.

              My point is "What has Mitt Romney done since 1999 when he left Bain"?   Has he built anything?  Has he hired anyone other than his gardener?

              Mitt Romney has been running for office since then.

              The Muslim said "I wished I had met Christ before I met the Christians" - Rev. Marvin Winins

              by captainlaser on Tue May 29, 2012 at 04:40:50 PM PDT

              [ Parent ]

    •  Every definition? (7+ / 0-)

      By that definition Warren Buffet is a small businessman because Berkshire Hathaway per se has very few employees.

      In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'y a aucune différence entre théorie et pratique, mais en pratique, il y a toujours une différence. - Yogi Berra

      by blue aardvark on Tue May 29, 2012 at 11:23:54 AM PDT

      [ Parent ]

      •  It does depend on the terminology though (6+ / 0-)

        By "small" he could mean "small cap" which nowadays...

        Mega Cap - Market cap of $200 billion and greater
        Big Cap - $10 billion and greater
        Mid Cap - $2 billion to $10 billion
        Small Cap - $300 million to $2 billion
        Micro Cap - $50 million to $300 million
        Nano Cap - Under $50 million

        These categories have increased over time along with the market indexes. In the early 1980s, a big-cap stock had a market cap of $1 billion. Today that size is viewed as small. It remains to be seen if these definitions also deflate when the market does.

        That set of definitions comes from Investopedia (there's a pedia for everything these days)

        All my sig lines are hand-crafted by demented elves living in my skull.

        by ontheleftcoast on Tue May 29, 2012 at 11:44:23 AM PDT

        [ Parent ]

        •  ontheleftcoast - at the very start (1+ / 0-)
          Recommended by:
          nextstep

          both Bain & Co. and Bain Capital were startups and just like every new company were small businesses at the beginning. Why is this an issue?

          "let's talk about that"

          by VClib on Tue May 29, 2012 at 11:58:47 AM PDT

          [ Parent ]

          •  I agree, that's why I posted the above chart (3+ / 0-)
            Recommended by:
            VClib, EMBA30, Dirtandiron

            Almost nobody starts a big company. I suppose it has happened but I can't think of an example. Maybe some venture capital firms get half a billion together and start something but even by that standard they'd still be "small cap" in today's terminology. Big and small are relative terms in the business world.

            All my sig lines are hand-crafted by demented elves living in my skull.

            by ontheleftcoast on Tue May 29, 2012 at 12:01:49 PM PDT

            [ Parent ]

            •  ontheleftcoast - but these were actual startups (2+ / 0-)
              Recommended by:
              ontheleftcoast, nextstep

              Both Bain & Co and Bain Capital likely started with a dozen or fewer employees. Even by traditional standards these were small companies that later grew into larger successful businesses. I don't know what the issue is here?

              "let's talk about that"

              by VClib on Tue May 29, 2012 at 12:06:06 PM PDT

              [ Parent ]

              •  To be honest it's just fun to watch Romney (3+ / 0-)
                Recommended by:
                VClib, tb mare, Dirtandiron

                trip over his words. Of course he started a small company. But not they way 99% of small companies start. Do you know of a company that started with a dozen millionaires and built a restaurant? How about a dry cleaners? Yes, technically Bain was a small business but people who started small businesses won't feel any connection to his story. Well, apart from the other groups of millionaires starting their own Bains.

                All my sig lines are hand-crafted by demented elves living in my skull.

                by ontheleftcoast on Tue May 29, 2012 at 12:11:55 PM PDT

                [ Parent ]

      •  bluea - Bershire Hathaway is not a small business (1+ / 0-)
        Recommended by:
        nextstep

        When determining the number of employees you can't just include the home office corporate staff. If that was the case many of the largest businesses would qualify as a small business. For legal purposes the number of employees at BH is approximately 260,000.

        "let's talk about that"

        by VClib on Tue May 29, 2012 at 12:02:41 PM PDT

        [ Parent ]

        •  But hedge funds do count that way (3+ / 0-)
          Recommended by:
          Dirtandiron, mmacdDE, blue aardvark

          A hedge fund or leveraged buyout firm like Bain Capital may own majority control of companies in its portfolio, or even full ownership, but those companies are not counted as part of it.  So it's "small business" in a very technical sense, but it can be in full control of many thousands of employees and many millions of dollars in revenue.

          Thus I recall a magazine survey of "productivity" that counted revenue per employee.  The top company was a hedge fund, because about 20 employees total managed bazillions of revenue.  I don't think that's small business; it's high finance.

          •  KDLV - this is a little complicated (0+ / 0-)

            First, the issue is were Bain & Co and Bain Capital small businesses when they were started and by any definition they were. That's not debatable.

            When investment managers, venture, private equity and hedge funds, acquire portfolio companies they are legally not part of the management company and are rarely counted as employees of the investors, even though the investors control them. The reason is that the ownership resides in the specific limited partnership that made the investment, not at the management company level. So a Bain Capital portfolio company may be owned by Bain Fund #4, but because of the legal separation the employees of the portfolio company would not be counted as a Bain Capital employees. However, I am not making the case that Bain Capital is currently a small company, but rather only when they were started.

            The data you read about the hedge fund is an outlier and may be unique to how that specific fund is legally organized.

            "let's talk about that"

            by VClib on Tue May 29, 2012 at 01:55:10 PM PDT

            [ Parent ]

      •  to a Republican, (0+ / 0-)

        Bechtel is a small business.

        Rich men can't catch a break...

        by Daddy Love on Tue May 29, 2012 at 02:07:07 PM PDT

        [ Parent ]

    •  Jed - you are a DK treasure! (3+ / 0-)
      Recommended by:
      sunbro, PSzymeczek, Dirtandiron
      Either way, what he said was sheer nonsense. He wasn't a small businessman at Bain, and his experience at Bain didn't teach him how to help small businesses.
      I think it's tweetable, although I don't tweet.
      lol

      "Tax cuts for the 1% create jobs." -- Republicans, HAHAHA - in China

      by MartyM on Tue May 29, 2012 at 12:40:34 PM PDT

      [ Parent ]

      •  MartyM - we tend to lump together (0+ / 0-)

        Bain & Co, the management consultants, and Bain Captial, the investment firm. It's likely that the knowledge that Romney gained as a management consultant at BCG and Bain & Co would be helpful in understanding business needs. Bain Capital started as a venture firm and had a few successful startups so it's also likely he learned something in those experiences. He also was part of the founding team of two successful startups.  How could we know that what he learned wouldn't teach him something that would help small businesses?

        "let's talk about that"

        by VClib on Tue May 29, 2012 at 01:16:24 PM PDT

        [ Parent ]

  •  DeathStar Axelrod's long range sensors detect (2+ / 0-)
    Recommended by:
    JeffW, Dirtandiron

    a pivot up ahead.....monitoring.

  •  Quibble (17+ / 0-)

    Willard Milton Romney understands perfectly well how to start a small business.

    First, have Bain Capital gain control of a large business....

    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'y a aucune différence entre théorie et pratique, mais en pratique, il y a toujours une différence. - Yogi Berra

    by blue aardvark on Tue May 29, 2012 at 11:22:59 AM PDT

  •  Mitt has decided to leave it up to the voters (4+ / 0-)

    to decide if he was in small business or big business during his 25 years.  Next he will say that it was either a small big business or a big small business.  That way he can always be correct and not alienate those who dislike small, big, small big or big small businesses.

    I haven't been here long enough to be considered a Kossack, does that mean that I'm just a sack?

    by Hey338Too on Tue May 29, 2012 at 11:50:15 AM PDT

  •  Once again Mitt tries to put a human face on Bain (3+ / 0-)
    Recommended by:
    Amber6541, EMBA30, Dirtandiron

    it's not working

    Doctor Mitt Romney Brain Sturgeon-The Operation was a success but the patient died, where's my fee?

    by JML9999 on Tue May 29, 2012 at 12:33:24 PM PDT

  •  Well, that's not weird. He's just saying that be (9+ / 0-)

    it small business, or big business, he knows business.

    Of course that has nothing to do with being President.

       I'm voting for the man with four years experience as ... president.  Heh.

    2012: the Year of the Voting Woman. And by the way, Republicans ... we're pretty pissed about what you've done to our country. Republican Party Motto: "Tax the poor, gift the rich"

    by mumtaznepal on Tue May 29, 2012 at 12:33:32 PM PDT

  •  I saw some old video of Romney, 1994 IIRC, (4+ / 0-)
    Recommended by:
    JeffW, EMBA30, PSzymeczek, Dirtandiron

    while I was waiting for the Wisconsin Gov. debate to start.  Romney seemed a much better speaker in the video that was shown than he does now.  Do you think he could be going down hill mentally?

    Mother Teresa: "If we have no peace, it is because we have forgotten that we belong to each other."

    by Amber6541 on Tue May 29, 2012 at 12:40:06 PM PDT

  •  Not real sure the Bain attacks do much (0+ / 0-)

    On Daily Kos, speaking about all of the injustices that came out of Romney's involvement in Bain makes the hair on our neck brill up.  But, is it something that will resonate in the voting populace?  Rasmussen (admittedly a right-leaning polling service) thinks not.  It is worth reading their spin and rhetoric, I think.  

    I think Rasmussen polling is a mirror image of PPP in this respect, but what they're saying needs to be considered nonetheless.

    http://hotair.com/...

    A wise person makes their own decisions. An ignorant person follows public opinion.

    by independantman on Tue May 29, 2012 at 12:42:05 PM PDT

  •  small biz? perhaps SuperCuts in prep school /nt (3+ / 0-)
    Recommended by:
    JeffW, Dirtandiron, bearian

    slutty voter for a "dangerous president"; Präsidentenelf-maßschach; Warning-Some Snark Above"Nous sommes un groupuscule" (-9.50; -7.03) "Sciant terra viam monstrare." 政治委员, 政委!

    by annieli on Tue May 29, 2012 at 12:42:36 PM PDT

  •  Small business, big business... (2+ / 0-)
    Recommended by:
    Amber6541, Dirtandiron

    it does not diminish the fact that Mitt Romney is a jackal and a scoundrel of the highest order.

  •  Maybe Pres. Obama can use (9+ / 0-)

    Romney's quote that

    This nation is coming back in a magnificent way.
    Present tense.
  •  What definition of small business? (2+ / 0-)
    Recommended by:
    EMBA30, Dirtandiron

    The official definitions are not what we might think of as the typical "mom'n'pop" operation. Bain Capital was a small business, Staples was when they first started working with Bain, etc

    from a bright young conservative: “I’m watching my first GOP debate…and WE SOUND LIKE CRAZY PEOPLE!!!!”

    by Catte Nappe on Tue May 29, 2012 at 12:45:10 PM PDT

  •  I think Metch-A-Sketch is just... (2+ / 0-)
    Recommended by:
    EMBA30, Dirtandiron

    ...giving us all the business, period!

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Tue May 29, 2012 at 12:46:51 PM PDT

  •  "This nation is coming back in a magnificent way." (5+ / 0-)

    And who do we have to thank for that Mittens?  The current office holder perhaps?

    "Give to every other human being every right that you claim for yourself." - Robert G. Ingersoll

    by Apost8 on Tue May 29, 2012 at 12:49:02 PM PDT

  •  Mittens knows a lot.. (4+ / 0-)
    Recommended by:
    EMBA30, PSzymeczek, jfromga, Dirtandiron

    About nepotism, greed and right-wing delusion.

    Otherwise, he doesn't know shit.

    This Rover crossed over.. Willie Nelson, written by Dorothy Fields

    by Karl Rover on Tue May 29, 2012 at 12:49:30 PM PDT

  •  Maybe small-minded business! n/t (2+ / 0-)
    Recommended by:
    EMBA30, Dirtandiron
  •  Jed- I follow you every day (0+ / 0-)

    an I appreciate your dissecting what Romney says.  But, here, I think there isn't much there there.  As people commented above, the definitions of small and big business lie in context.  Also, the very purpose of equity capital is provide the money for small business to grow into large businesses.  It is jsut at the point between small and large that companies typically need a big infusion of capital.  whether or not Romneyand Bain did this effectively is open to question ( and ridicule), but one cannot relly argue that they invested in small businesss.

    As my father used to say,"We have the best government money can buy."

    by BPARTR on Tue May 29, 2012 at 12:57:04 PM PDT

  •  Why the facts don't matter. . . . (1+ / 0-)
    Recommended by:
    jfromga

    Great catch and discussion point about Romney but for the purposes of elections it won't matter becuase.....facts don't matter nearly as much as the story matters and GOP owns the machinery for pumping out stories. GOP also understand brain science and 'marketing' better than we do:

    "What Orwell Didn't Know: Propaganda and the New Face of American Politics"
    Edited by ANDRÁS SZÁNTÓ

    "As Lakoff tells us,

    'A few words in political language can activate large portions of the brain: War on Terror, tax relief, illegal immigration, entitlements (turned to conservative use by Ronald Reagan), death tax, property rights, abortion on demand, cut and run, flip-flop, school choice, intelligent design, spending programs, partial birth abortion, surge, spreading freedom, private accounts, individual responsibility, energy independence.

    When they are repeated every day, extensive areas of the brain are activated over and over, and this leads to brain change. Unerasable brain change…. And every time the words are repeated, all the frames and metaphors and worldview structures are activated again and strengthened -- because recurring activation strengthens neural connections. Negation doesn't help. "I'm against the War on Terror" just activates the War on Terror metaphor and strengthens what you're against. Accepting the language of issue and arguing the other side just hurts your own cause.'

    Drew Westen, a psychology professor and political consultant, supports Lakoff's statements as well as his contention that in America these techniques have been exploited far more intelligently by the political right than by the center and left, which are hampered by what Soros calls "the Enlightenment fallacy" -- that is, the fallacious assumption (dating from the 18th century) that freedom of thought and speech will ensure that reason will prevail. The media and the Democratic leadership, Westen says, are unwittingly "smuggling Trojan horses into popular discourse" by parroting terminology created by those in power, "essentially advertising the 'product line' of the Republican party and selling its 'brand.' "

    From Barnes & Noble book review by Brooke Allen:
    http://www.barnesandnoble.com/...

    George Lakoff, an author and professor of linguistics at the University of California at Berkeley who calls himself a "cognitive activist," says this: "One of the fundamental findings of cognitive science is that people think in terms of frames and metaphors – conceptual structures. The frames are in the synapses of our brains – physically present in the form of neural circuitry. When the facts don't fit the frames, the frames are kept and the facts ignored."
    In other words, forget winning on the facts or the science. It's all about the story. And once stories take hold, they're hard to dislodge. "
    http://www.alternet.org/...

  •  Ok, I'm a bit lost here. Has anyone posted a (1+ / 0-)
    Recommended by:
    Dirtandiron

    timeline of where Mitt worked year-by-year?

    Wikipedia said he left Bain in 1999.  Who has he worked for since 1999?  

    The Muslim said "I wished I had met Christ before I met the Christians" - Rev. Marvin Winins

    by captainlaser on Tue May 29, 2012 at 01:04:02 PM PDT

  •  Mitt Romney is in the business of making money. (4+ / 0-)
    Recommended by:
    PSzymeczek, jfromga, Dirtandiron, mmacdDE

    Creating jobs was never the goal but an irritating side item.  The only comparable track record he has for creating jobs is his stint as governor.  This isn't a 'what-if' but a 'been there done that' scenario.  He took all of his Bain experience ...all that so-called "job creating experience" and as the executive of Massachusetts failed miserably.  Let's talk about that and why after such a colossal failure we would be reckless enough to give him a bigger arena to fail.

  •  Romney's speachwriter is an Algorithm. (2+ / 0-)
    Recommended by:
    jfromga, Dirtandiron

    Notice: This Comment © 2012 ROGNM

    by ROGNM on Tue May 29, 2012 at 01:13:57 PM PDT

  •  For once, I agree with Willard... (4+ / 0-)
    Recommended by:
    jfromga, Dirtandiron, bearian, drmah
    This nation is coming back in a magnificent way. You're going to see the people of this country and of the world shocked by how strong our economy is revitalized—as long as we have leaders that understand how the economy works.
    Under President Obama, despite rabid opposition from the Right, the economy is rebounding!  Why in the name of all that is holy would we want to hand the reins over to another Wall Street asshat who is going to screw us all over again?!!
  •  Yes, yes. (2+ / 0-)
    Recommended by:
    Dirtandiron, bearian

    He worked in small businesses just like one of my paintings is hanging in the Louvre.  Resumes equally padded.  

    Stay Democratic, my friends. -The Most Interesting Man in the World

    by boran2 on Tue May 29, 2012 at 01:20:32 PM PDT

  •  Obama has small business experience (2+ / 0-)
    Recommended by:
    Dirtandiron, drmah

    Obama ran his own law firm in Chicago.  Romney never ran a small business and has no clue what it takes.

    Furthermore, Romney is just making stuff up - by implication or outright lie - when he says that Obama has no small business experience.

    There goes Romney, lying again!

  •  Mittens... (0+ / 0-)

    Mitt Romney is taking the voters of this great nation for total fools. The facts are out there, and they are not pretty. Romney is a purebred vulture capitalist, the kind of multi-millionaire that snaps up family businesses and solid companies just to shut them down, kill good-paying jobs, and get a fat write-off to pad his own bottom line. Romney's "business experience" is the kind of experience that America cannot afford to have in the White House. And the only instance where Mitt took the reins of government and tried his hand at "job creation," he failed miserably. Romney's Massachusetts ranked nearly dead last in new jobs during his failed tenure as governor.  http://www.sunstateactivist.org

  •  mitt...was small businessman, now small politician (0+ / 0-)
  •  We need more TV spots about his shitty jobs record (0+ / 0-)

    as Governor of Massachusetts.  Would be a great 1-2 punch along with the Bain spots.

  •  Taught how to suck the life from smal bsns, so clo (0+ / 0-)

    se enought for Mr. 1%.

  •  Well, ok (0+ / 0-)

    He says he knows what it takes to support the energy and passion that drives this economy.

    Did you notice how he never says what that is? He never says a single word about what he would do. It's a secret, I guess.

    Mitt's secret plan to save the economy. Vote for him or you'll never find out what it is!

  •  Some background details on the speech... (0+ / 0-)

    While I wasn't there, I was raised in the small community of Craig where the speech was given.  The town is very dependent on the local coal mines and coal-fired power plant and is strongly Republican.  Moreover, it is a four hour drive away from the nearest metro area (Denver) and for that matter two hours away from any town over 15,000.  So he didn't have to worry about many unfriendlies showing up.

    The "park" where he spoke is a few buildings wide on of one of the main streets through town.  More than twenty or thirty people there looks like a huge crowd so he didn't make the mistake of speaking to a half-empty auditorium or football field.  It was probably also wise for him not to speak at the nearby city park.  Besides the risk of the larger park looking empty, there are a lot of artistically carved tree stumps in the park that would have caused some confusion as they are less wooden and have more personality than the speaker.

    The speech itself and the stated purpose of choosing the town of Craig was about supporting coal.  That's probably part of the reason why he emphasized the word "energy" in the clip.  While this clip focuses on the narrative of his supposed business acumen, I think his support of deregulation and climate change denial is at least as dangerous.

  •  I find it hared to beleive that Romney ever worked (1+ / 0-)
    Recommended by:
    drmah

    at anything. Trust Fund Babies don't work, they delegate.

    Obama has saved the economy for Trust Fund Babies, but not so much for the working class.

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