Clash of Political Ideologies: Why Bain Capital Matters?
Democrats and some Republican voters consider themselves opposed to Mitt Romney’s philosophy of where America should be going; or, what the 2012 general election must be about. Members of Tea Party faction in the Republican Party waged an open warfare against Mitt Romney’s candidacy; citing that he is hardly conservative enough. Democrats, out of principle and philosophy negate Mitt Romney’s advancement of being a job creator; partly because he has been out of the business of creating jobs for over a decade; and, some unsubstantiated claims from the presumptive Republican Party Nominee as a job creator while at Bain Capital, the alternative asset management firm. The gaffe from an attention grabbing surrogate of President Obama, Mayor Cory Booker of Newark, New Jersey, on Meet the Press this weekend, highlighted a part of Mitt Romney’s business record at Bain Capital, the firm that advertises itself as always aligning its interests solely with its investors’ long-term objectives. Thus, going by the Philosophy of Bain Capital and records of Mitt Romney as the corporation’s CEO, it is not an aberration that President Obama’s campaign team wants American voters to consider the presumptive Republican nominee’s record while at the firm.
Present Status of American Economy
There are now promising and probably, higher level of performance of economic indicators for Americas Economy. Building strength in America's Economic indicators are showing that we are moving right along, or in the right direction, as promised by the Obama's Administration when he asked for stimulus money from Congress and taxpayers. The fundamental transparency of leadership found with President Obama is a core part of possible future economic growth; and this may serve as a case for President Obama's second term and support from American voters. The risks taken by Obama's Administration when the economy was in a free fall in the tail end of 2008 and early 2009, exemplifies promise that is now being harvested by many companies that are turning or being turned around; and, which have contributed to employment increases or job growth in the past twelve months. Further, the development on Wall Street, while still tepid, shows that there is potential for increased economic expansion if we can stay the course. Congressional Republicans who withheld help for stimulus spending, health care and financial reforms are finding out that their strategy to frustrate the Obama's Administration has not worked as they had intended.
Sink or swim, isn't a smart policy; and it is not the most effective doctrine for helping out those who have been suffering from current recession. Promising unattainable heights, in the context of job creation is very elusive, if a new President jettisons some of the policies that have brought us out of the worse recession since the 1929 depression. Promising unattainable goal in elections campaign adds is like fooling the electorate hoping that they will take a bite and jettison the current successes of the present administration. Climbing out of tedious recession is difficult, but requires painstaking forbearance. Similar cyclical recession to that of 2008 has been here, putting our capitalistic system into question; however, every time this has happened, the nation has always climbed out of the hole better than when we went in. The usual problem is: how to ensure that the American public is patient enough to reap the reward of past suffering at the unset of the recession. The promise of President Obama's second term is not full-proof; however, a bird in hand is better than two in the bushes.
There is a raging debate among voters regarding if they are better off or worse off from four years ago. Most enlightened voters see much improvement and believe that better days are ahead for America. The fears and rumor mongering going on in the Republican party cannot dissuade support for the continued Presidency of Barack Hussein Obama, II. Equally important to the administration is the need to advance continued successes in the realm of the American Economy, despite antagonism from Congressional Republicans. Sometimes, signs of effort made by an Administration aren't apparent to the voter or persons at the receiving end of a slow economy. Holding off support by congressional lawmakers may make the effort of an administration look dismal. An administration likewise, might fail to trumpet its own successes as much as needed to encourage support from voters. For the incumbent, it is important to continue to encourage average Americans to persevere and dissuade misinformation from the republicans that undermine the efforts that are yielding fruits from decisive decisions of this administration. It is important for the Obama's Administration to continue to emphasize that the sink-or-sink doctrine advanced by the individualist, are not good for our current economy; and probably, may be unacceptable considering the American value of shared sacrifice, which has been in place since the advent of this democracy.