Mitt Romney is a Poor Choice to be a Presidential Contender

While Sarah Palin is being excoriated by the liberal media and the GOP establishment, it is rare to hear anything negative from the other potential GOP candidates planning to run for the presidency in 2012. There is a reason behind it. The media and the liberal establishment already have the ammo to attack the GOP contenders. It is only Sarah Palin that the Liberal elitist and the GOP establishment are very scared. Honestly, I'm glad the story of Romney came out. He is a prime example of a poor choice to lead this country. Most people will overlook one fault about the man, but not two. Mitt Romney destroyed Massachusetts by implementing Romneycare. Now, by understanding that Romney is a vicious businessman, his ideas will ruin this country rather than to improve it.

(NY Post) Likely Republican presidential candidate Mitt Romney has been out on the pre-campaign trail this month saying he is the man to get Americans back to work, despite a spotty jobs record while on Wall Street.

However, the former private equity firm chief's fortune -- which has funded his political ambitions from the Massachusetts statehouse to his unsuccessful run for the White House in 2008 -- was made on the backs of companies that ultimately collapsed, putting thousands of ordinary Americans out on the street. That truth if it becomes widely known could become costly to Romney, who, while making the media rounds recently, told CNN's Piers Morgan that "People in America want to know who can get 15 million people back to work," implying he was that person.

Romney's private equity firm, Bain Capital, bought companies and often increased short-term earnings so those businesses could then borrow enormous amounts of money. That borrowed money was used to pay Bain dividends. Then those businesses needed to maintain that high level of earnings to pay their debts. Majority of those companies end up in bankruptcy.

Romney said:

He was not involved in decisions to take distributions from two Bain Capital businesses that later failed. (New York Times, June 3, 2007)

“People in America want to know who can get 15 million people back to work.”

Romney did:

Owned a controlling interest in Bain Capital when it took payments from five companies that later failed.

Made fortunes by bankrupting five profitable businesses that ended up firing thousands of workers