Private-Equity Exec Luke Johnson: Romney's Candidacy 'Lacks All Credibility'
Just because Mitt Romney ran a private equity firm doesn't mean he's qualified to be president. That's what guys like Vice President Joe Biden and Los Angeles Mayor Antonio Villaraigosa have said.
And fine, you'd expect that since they're politicians and Democrats. But it's a little more significant when a fellow private equity man says the same thing.
In a column for the Financial Times this Tuesday, Luke Johnson, chairman of the private equity firm Risk Capital Partners, rips the idea that Romney's experience as the head of Bain Capital might have done anything to prepare him for public service.
You really ought to read the whole thing, but here are a few choice bits: Johnson argues that private equity firms are "run to maximize profits for the owners, rather than for the creation of jobs"; that people who succeed in the industry "need to be ferociously interested in accumulating money"; and that generally speaking, private companies "are not democracies -- they are quasi-dictatorships."
And then the clincher: "I'm no fan of Barack Obama but to me, Mr Romney's candidacy simply lacks all credibility."
No, he's probably one of the private-equity guys who recognizes Romney's kine of slime and wasn't afraid to say so. I'm glad more of Romney's "kind" are starting to call bullsh*t on his campaign.
FredHayek wrote: Hell, Obama doesn't even know about legal precedence based on his views of Supreme Court cases.
He seemed to know it well enough to get the ACA through... rofllol
