First of all, sorry for such a tough night. Defeat is never fun. That said, there are lessons to be learned, and I hope you learn them.
There have been many people asking you to explain your role at Bain Capital; so far, that explanation hasn’t been satisfactory, but perhaps not quite for the reasons you have heard.
Most of us in the Republican Party are prepared to defend free enterprise, even if that includes various dislocations required to sort out economic efficiencies and move people from jobs where they are less productive to jobs where they are more productive, and we’ll gladly wear the bus tracks from those arguments as badges of honor.
There is only one problem with that: you still get hit by a bus – and South Carolina just ran over you.
So, FWIW – and keep in mind, this comes from a friendly and supportive voice – here’s what yours truly would rather hear from you on this point.
- Bain Capital wasn’t in the business of destroying companies; it was in the business of rescuing them. Bain Capital was in business to help firms adjust to market changes and prosper, instead of capsizing to those changes and collapsing.
- Not every rescue succeeded, of course; no one is perfect; but many of them did, and because of that, Bain saved companies and jobs across the board; some even added jobs (that last part you have down cold)
- If Bain’s record was so awful, or cruel, why would the Olympics ask me to rescue them – a rescue that spectacularly succeeded? Somebody thought Bain knew what it was doing.
In short, you need to stop acting like Gordon Gecko – because you weren’t him. What’s more, you know you weren’t him.
The tax issue is even simpler: my 2011 returns will be filed and released in April. I’d rather just release them all then. Thank you.
I happened to see your South Carolina speech tonight. It was very well done, and an excellent start to your recovery; but it needs more. It needs the above, at least that’s how I see it.
Cross-posted to the right-wing liberal