Inadequate federal regulation, not Romney’s Bain Capital was at fault.

Inadequate federal regulation, not Romney’s Bain Capital was at fault.

During the Republican primaries, there’s been unjustified criticism of Romney’s Bain Capital and similar financial industry enterprises. They’re being faulted because their ventures result in profit only for the owners and executives of the venture capital enterprises.

We all do what we can to function within our environment and governments’ laws are major factors within financial enterprises’ environments. When Bain Capital maximized their profits regardless of the effects upon all others, it behaved true to its purpose. Bain and Romney should not be faulted for what was essentially driven by governments’ laws.

I’m a proponent of transparent government that respects individual persons and other entities privacy and self-determination, identifies their and the remainder of our societies vulnerability for harming themselves or being harmed by others, protects all from such harm and prohibits such activity that is contrary to our society’s better interests, and is minimal interventionist.
I’m also a proponent of competitive free enterprise, level open markets, ALL nations and USA states sovereignty and equal treatment under law.

Rather than considering these as contrary political positions, I consider them all as valid but it’s not unusual for them to require parsing to determine desirable outcomes. Our goal is minimum inferior and most superior public policies; "We got to accentuate the positive, eliminate the negative”.

A particular criticism of our financial enterprises is their contributions to our nation’s trade deficit.

Refer to responses for these criticism within the topics of:

“Reduce the trade deficit; increase GDP & median wage”
posted @ 11:59PM, Jan 10, 2012
and
“Trade deficit's always detrimental to the GDP”

posted @ 6:38AM, May 9 2010

Respectfully, Supposn

 

Run fer Prez'dent - get a tax break...

Romney confirms he gets a big tax break
17 Jan.`12 – Amid demands for fuller disclosure of his finances, Mitt Romney for the first time confirmed Tuesday that most of his income comes from investments and is taxed at "closer to the 15% rate" — far below the 35% rate on wages for taxpayers in the top tax bracket.

 

WaltKy, refer to the topic of “Romney’s tax rate; the 3.373% difference”, begun 8:14AM, JANUARY 16, 2012.

There's only 3.373% between Romney’s & the working poor’s tax rate?

That’s the working poor with wages that exceed Medicaid’s qualifying income cap; but due to their incomes insufficiencies they pay no federal income taxes and there’s no affordable medical insurance available to them.

Until Obama/Romney-care kicks in, these people remain medically uninsured.

Respectfully, Supposn

 

At fault for what?

 

Some say regulation is good

Some say regulations are only as good as it is enforced.

Some like the current free market no regulation, and weak enforcement.

But when they get screwed over, the first place they come complaining to is the government for screwing things up.