Friday, August 24, 2012

Impressive Mitt But Nowhere Near Barack


Mitt Romney is running for president of the United States. He wrote what amounts to a personal profile in the form of an article in which he details the experience he has had in business – at least, the part of it which he believes qualifies him for the job. The article was published in the Wall Street Journal on August 24, 2012 under the title: “What I Learned at Bain Capital” and was given the subtitle: “My business experience taught me how to help companies grow -- and what to do when trouble arises. When you see a problem, run toward it before the problem gets worse,” a sentence that was lifted from the article.

The profile may be impressive for someone seeking a similar job but Mr. Romney is running against Barack Obama who is the sitting President and has a record that is well known to the public. Thus, the Romney profile will have to be looked at not in isolation but in comparison to that of Obama. But because the Romney profile is a description of the self, it only represents the glossy side of a career and none of the crude side, some of which was discussed in public but will be ignored in this discussion.

To be fair, however, we must only compare the glossy side of Obama's profile against that of Romney. To this end, we look at a President who has managed a 15 trillion dollars economy for four years in a row, has saved the financial system and the auto industry from collapse while being commander in chief of the most powerful military in the world, a post in which he ended one war and started to wind down another. And these were troubles he inherited before he sat behind his presidential desk. In making this comparison, Obama wins hands down.

So then, what else is there by which to compare the two candidates? Well, there is the fact that each has a different vision for the future. Obama's vision is pretty well known, being the completion of what he started. That is, now that the American economy has been stabilized despite the predictions it was going to implode, Mr. Obama will see to it that the private sector will thrive under rules that match the challenges of the modern globalized economy, not the outdated rules that almost ended the American economy.

To assist the private sector in attaining its maximum potential, the President will continue to work on developing a set of public-private partnerships -- as he has been doing from the start -- between the government and the public sector. This should replace the widespread view that the government is the enemy that must be fought against, not the friend that is here to help and to facilitate matters when help and mediation are needed. Nothing is more important to do in a world where the giant economies of the future have learned to co-ordinate between the two sectors, and have chosen to march together with one vision toward the goals they define in concert.

As to the Romney vision for the future, his article says a few things about it. He begins with this: “I will take a sensible approach to tapping our energy resources, which will both create jobs and make energy more affordable for every sector of our economy.” The problem is, he did not say what magic wand he has hidden in the bottom drawer of his desk by which to accomplish a miracle that has eluded many American presidents and other world leaders for decades now.

Here is another revealing passage: “My plan for a stronger middle class includes policies to give every family access to great schools and quality teachers, to improve access to higher education, and to attract and retain the best talent from around the world.” Well, allow me, Mr. Romney to ask with all due respect, that you skip the vague talk about policies, and give instead details as to how you will build great schools, how you will incubate quality teachers, and how you will improve access to higher education. And while you're at it, having done all this, why on earth would you still want to acquire and retain talent from around the world? Would you not be producing your own at home?

He also says this: “I am committed to capping federal spending below 20% of GDP and reducing nondefense discretionary spending by 5%.” Well, nondefense discretionary spending in the federal budget is peanut, and 5% of that is not worth the shell of a peanut. As to capping federal spending below 20%, it so happens that everyone who made a promise like this, changed their mind right after they got the job and were asked to deliver on the promise. Romney will not do any better especially when you consider that his overall promises are more outlandish than any made before him.

And the proof of this is the way he ends his profile: “I know what it takes to turn around difficult situations. And I will put that experience to work, to get our economy back on track, create jobs, strengthen the middle class and lay the groundwork for America's increased competitiveness in the world.” I tell you, my friend, not even a mother would say this about her child. As a retired teacher, a school master and previous owner of a school, I met many a mother who came to tell me what a prodigy her son was but turned out to be less than a fraction of what she described.

And what these mothers described was only a fraction of what Romney is saying about himself. I must therefore conclude that he will not deliver a fraction of a fraction of the vague promises he is making.

Thus, the American electorate has the tried and proven Barack performance to weigh against the vague promises of what seems to be a dreamer that may well turn out to be the flip-flopper he is reputed to be.