Tuesday, January 10, 2012

Mitt Romney, "I Like Being Able To Fire People Who Provide Services To Me"


politico.com
Mitt Romney was speaking to a breakfast gathering in New Hampshire commenting on competition among health care insurance providers when he shared the, "I like being able to fire people who provide services to me".  His comments have been quite the buzz among the other Republican presidential candidates and of course, the Democrats.  

His contention was that Americans should have the ability and right to terminate coverage with a health insurance provider if they did not provide quality service for them.  Obviously, that's what he meant to say.  We have all heard of Romney's impressive track record at Bain Capital.  He would buy companies and generally break them up and sell them for their parts. 

The process is pure capitalism at its best.  The downside of his approach was that as companies were sold off or broken up, workers would lose their jobs.  In other words, they were fired.  Now we clearly know that Mitt Romney enjoyed this work of firing people. 

All kidding aside, I recognize that the last thing that Mitt Romney would want to say in today's economic climate is that he likes firing people.  There is only 13 million Americans without jobs, of which I would venture to say that 60-65% were either fired or laid off.  The only thing is, the words are out there now and what should we make of them.  Obviously, firing people could not have been contained in his talking points on the issue of health care and insurance providers.  If that phrase was part of his talking points, we would have heard it before. 

Same goes for the $10,000 wager he offered Rick Perry at one the debates.  Another gem that could not have been included in the talking points memo he received.  Once again, I don't know who bets $10,000 as I don't know anyone who says that they fired their health insurance company.  I am confident that some would like to fire their health insurance company which is the point I think he was trying to make. 
Truth is, the average American citizen, who has health insurance, probably would like to fire their insurance company when they are informed that certain health care is not covered under their policy.  Unfortunately, the average American citizen has few choices when it comes to health insurance providers and firing them is not an option.  Of course, there are another 40 million American citizens who have no health insurance and if Mitt gets his way, that 40 million will double if and when The Affordable Health Care Act (Obamacare) gets overturned by the Supreme Court or an Act by Congress. 
More to the point, like the $10,000 bet, his comment on firing people is what makes me believe that he has no common thread with the American people.  Out of touch, without a clue and incredibly insensitive to the plight of so many American families.  The other night on the campaign stump, he almost identified himself as one who knew what it was like to lose a job.  He caught himself or thought better of it, before I had one more thing to add to this article. 
Of all the things I do as an employer, manager and administrator, the least favorite thing that I do is fire someone.  Not once have I enjoyed the experience although I have had more than my share of employees who brought it upon themselves.   Generally when I have to fire someone, I recognize that I failed too.  Not just the employee.  Mitt does not share the same sentiment.            
  .           

Monday, January 9, 2012

Economy Improving - Unemployment Number Drops 4th Straight Month

financialtrade.info
The announcement Friday of another 200,000 jobs added to the workforce for the month of December was great news.  The unemployment rate took another tick down to 8.5%.  Manufacturing, health care, education and even construction saw the addition of new jobs.  Only the public sector saw a loss of jobs.  Thirteen million Americans are still without work and over 40% of them have been out of work for six months or longer.  It is encouraging however that the unemployment rate continues to fall. 

The unemployment rate has fallen four consecutive months and there is no reason to believe that it won't continue this downward direction.  Any continued improvement in the unemployment numbers will only help President Obama as we approach the November election.  Voters have all voiced jobs as the number one issue of the upcoming Presidential election and this administration should see this continued growth in employment numbers as a very positive sign. 
marketvector.com
The Consumer Confidence Index was up again in December for the second month in a row.  The American public believes that their personal income levels will improve over the next six months.  They also believe that the job picture is improving.  Manufacturing activity increased in December with real growth in product as well as manufacturing jobs.  Housing prices continue to fall which is the only negative of what overall seems to be an economy that is slowly but surely improving. 

The final numbers will be coming out this week on December's retail spending and those figures are expected to be very strong.  All of these economic indicators are pointing to a slow but sustained recovery.  If housing prices would stop their downward turn, level out and begin to move upward, we truly will be on the upward path toward a full recovery.  There are still significant issues in the European markets that potentially could affect our economic recovery in the states but so far, European leaders have managed to stay a moment ahead of the potential fall.

I continue to believe that we are in a solid period of economic growth.  Although terribly slow, this is indeed the fashion in which our economy should grow, in a slow, sustained fashion.  Not so many highs and not so many lows.  The market seems to be trending in the same fashion with moderate gains.  On top of all this, we are in a presidential election year and generally, there is upward movement during presidential years. 

A forward momentum often takes place when all economic factors are trending favorably.  Another strong month of employment gains and any positive movement in housing could easily trigger such momentum.     

Sunday, January 8, 2012

Huntsman Up To The Task - Beats Back Romney

poltico.com
Anyone who was watching Sunday morning's Republican Presidential Debate sponsored by Meet The Press and FaceBook saw Jon Huntsman respond to Mitt Romney's less than favorable "you worked for the President" comment at Saturday night's debate.  The weekend's first debate on Saturday night saw Romney criticize Huntman's service under Barack Obama.  Huntsman served as the President's Ambassador to China for the first two years of the President's administration. 

Huntsman was commenting on diplomatic relationships and speaking to his experience of serving as Ambassador to China.  Romney took a swipe at Huntsman for working for a democratic president saying he didn't see how someone seeking to lead the Republican Party could have promoted the policies of the Obama administration.  Fast forward to Sunday morning and Huntsman had his shot and he fired back.  Romney again criticized Huntsman for working for President Obama and Huntsman fired back saying that he was serving his country. 

politico.com
Romney said he appreciated his service but did not back off that he worked for President Obama.  Huntsman fired back that "this nation is divided because of attitudes like that".  It was Huntsman's most effective moment in all of the debates to date.  His comment received a huge positive response from the crowd in attendance. 

Jon Huntsman is right too.  The nation is divided because of leaders like Mitt Romney who see absolutely no value in working with the opposition.  Quite simply, the democratic party and Barack Obama as the President, are the enemy.  Huntsman, clearly a conservative, understands however that both parties must work together to find solutions to our nation's problems. 

Once again, I was impressed with Jon Huntsman and his statesman-like approach to governing.  Out of all the Republican candidates, I see him as the most presidential.  Not to mention, reasonable.  I do not agree with all his plans and his views but I am impressed with him as a candidate for this nation's highest office.  I believe he is a formidable candidate and truth be told, I think if by some rare circumstance he could win the nomination, we might have a campaign of honest discussion between Huntsman and Obama without all the unnecessary mud-slinging and ugly rhetoric.  Just two men with differing points of view on what their plans for governing would be. 

thejanedough.com
How refreshing would that be?  Could you imagine for a moment what that type of campaign would be like?  The only negative conjecture would be the Super Pacs putting forth their dribble in campaign ads.  For once, real issues of real consequence would be debated and the two candidates could put forth their plans and both would be measured for their ideas of governing.  How novel would that be?

It continues to be my fervent hope that a day will come when two men will vie for the Presidency and be able to speak directly to the issues laying out their plans for our nation without rancor or prejudice.  Just two good men or women speaking what they believe and a willingness to hear out the other side.  A true debate of American politics.  I know it will never happen but think of the value of such a campaign.  We actually would understand what our candidate stood for and what they believed in.  We might like a few things the Republican candidate supported and maybe a few things the Democratic candidate backed.  We would then be able to actually make an informed and educated decision based on those issues.  How refreshing would that be?

Dream on you say.  You're right of course but I long for that day.