January 9, 2012
Huh? What? A kind word about Governor Romney?
Yup, a serious and substantive collection of kind words from Jay Nordlinger. For all the Governor's failings, Nordlinger is right that the treatment of Capitalism from his rivals has been unconscionable:
The last two presidential election cycles have revealed a stinking hypocrisy in conservatives: They profess their love of capitalism and entrepreneurship, but when offered a real capitalist and entrepreneur, they go, "Eek, a mouse!" And they tear him down in proud social-democrat fashion. In the off season, they sound like Friedrich Hayek. When the game is on, they sound like Huey Long, Bella Abzug, or Bob Shrum.
Last time around, Mike Huckabee said Romney "looks like the guy who laid you off." Conservatives reacted like this was the greatest mot since Voltaire or something. To me, Romney looked like someone who could create a business and hire the sadly unentrepreneurial like me.
I've been off the handle at Speaker Gingrich about this, and I guess the Gov. Perry campaign is having fun with the carefully edited audio clip of "I like to fire people." (For those who have not heard it, the context was how he could control a private contractor but not the government.)
I do not recall a single instance of another candidate saying "Whoa, cowboy! I have many differences with the Governor of the Commonwealth, but we should all accept Schumpeterian creative destruction."
The whole piece is good.
UPDATE: Jimi P: Romney doesn't need to apologize for his Bain career.
UPDATE II: Et tu Jon? "What's clear is he likes firing people, I like creating jobs," Huntsman said in Concord.
Posted by John Kranz at January 9, 2012 6:43 PM
Truth In Blogging: I'm a Perry guy, and I see myself sticking with him until he says he's out. Only fair to 'fess that one up front.
That being said... there's a lot I don't like about Mitt Romney. Architect of ObamneyCare? Roger that. Destruction of the Bay State economy? Granted he had help on that one from other governors, but yeah. And the list goes on, at least for me.
But the whole Bain issue? That one, Romney got right. I'm not completely immersed on the finer details, but if I understand it correctly (and I'm sure someone will correct me if I don't), Romney went in, took on a company that was already deeply in financial trouble, with the intention of sawing off the parts of the company that were unproductive and unprofitable, and rehabilitating whatever parts were salvageable.
BUSINESS IS NOT PRIMARILY A JOBS PROGRAM. Business that is not and cannot be run profitably (yeah, I'm looking at you, Solyndra) legitimately and rightfully ought to be lopped off and allowed to die rather than drag down everyone else. Cancer needs to be excised before the patient dies, and Greece needs to be cut off before it drags the rest of Europe down to the sixth circle of Hell. I'm obliged to say I'm with Romney on this one.
I don't totally blame Gingrich or Perry for using this in a campaign; I just as much blame the voting public for being so economically ignorant that this becomes a useful campaign tool. If the hoi polloi weren't so lumpen on the issue, this tactic wouldn't work. It's hard to blame the candidates for using a tool that works. No one ever went bankrupt underestimating the intelligence of the voting public. (Yes, that's a pragmatic argument, not an intellectually honest one.)