Wednesday, May 16, 2012

Bain, Walker


I want economic policies that favor growth.

There are well-funded people who comb over America's businesses, looking for those which might be purchased, improved and resold.  That's a good thing--and such people have no requirement to care about increasing the number of employees, or their compensation.  A competitive marketplace is a good thing:  Overall, such transactions result in long-term job growth.

Mitt Romney should be judged on the ideas he puts forward, and on his track record as an executive. His experience at Bain should be viewed as a very minor positive, though any decision whether to vote for him should be based on an analysis of the policies he advocates--and a sober assessment of his character.

The public is economically illiterate.  Barack Obama is a politician.  He seriously wants to get reelected; he's going to fire the political ammunition the experts tell him is most lethal.  Politics is an ugly business.  Those of us who support President Obama and support economic growth shouldn't feel embarrassed to admit:  Obama's Bain line-of-attack makes us cringe no less than does Obama's criticism of Romney's use of the word marvelous.

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Same day:  An op-ed by Jonathan ZimmermanNo mulligans over policies, please.  Like much commentary on the political situation in Wisconsin, Zimmerman seeks out a safe pox on both your houses critique.  To Zimmerman, Gov. Walker is a bad guy for a variety of reasons--cutting education funding, reducing collective bargaining rights for educators, etc.--but elections are elections, and mid-term recalls aren't good for democracy.

The Wisconsin recall movement centers upon one issue:  Are collective bargaining rights for public employees generally beneficial, to the citizens of the whole state?

Within our democratic framework, public employees answer to politicians.  If voters believe public employees are being unfairly treated or underpaid, they are free to elect politicians who will enact their preferences--and increase public employees' compensation.

We would be better off without public employee unions.
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