Blog on Colorado politics, health care, investing 2012-01-13T15:54:21+00:00 ExpressionEngine Copyright (c) 2012, Donald E. L. Johnson tag:businessword.com,2012:index.php/weblog/comments/3.4432 2012-01-13T14:07:20+00:00 2012-01-13T15:54:21+00:00

Since the attacks on Mitt Romney by Obama Republicans like Newt Gingrich, Rick Perry and Jon Huntsman began, several writers who've worked with and at Bain and in the private equity industry have written about how Bain and private equity companies turn around struggling startups and companies that are headed for failure. Mitt Romney responds to Bain attacks. Avik Roy: Romney Derangement Syndrome. http://tiny.cc/bljog Andrew McCarthy: The Mitt-Bain movie is a disgrace. http://tiny.cc/gjawx Steven Rattner: You can blame Mitt Romney, but not for Bain Capital. http://tiny.cc/9drdz Andrew C. McCarthy: Report: Bain advised Obama administration on auto company bailout. Jennifer Rubin: Newt Gingrich and the confusion about capitalism.  http://tiny.cc/h0izj Michael Gerson: Newt Gingrich's party of one.

2012-01-13T14:07:20+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2012:index.php/weblog/comments/3.4430 2012-01-04T15:22:48+00:00 2012-01-04T15:24:49+00:00

Mitt Romney looks like the Republican Party's 2012 presidential nominee. The Iowa primary finished off Ron Paul as a serious contender. But he never was in the running for the GOP's presidential nomination because he is more of an Obama Democrat on foreign policy issues than a Republican. He's being labeled as a "dangerous man", and he won't be able to shake that label.    If you take Ron Paul and his naive pacifists and isolationists, anti-drug laws and gold bugs supporters out of last night's results because few of his backers will vote against Obama, Mitt Romney won 31.365% of the caucus votes. Santorum won 31.357% and Gingrich won 16.982%.     That is, 79.7% Iowa caucus goers who are real conservatives and Republicans voted for candidates who they think are qualified to be president of the United States.     I think that Romney's supporters voted for him because he would be a strong president who shares their very conservative values. Compared with Obama and Gingrich, Romney radiates integrity and trust. And he has a chance of beating Candidate Obama even though Intrade gives Obama a 52% chance of re-election.    Santorum is a policy wonk. He works hard, but he lost the money primaries because he didn't impress smart people who have spent their lives hiring, firing and evaluating people. While his showing in Iowa will bring some social issues Big Money to his campaign, the real Big Money is committed to and will stay with the most likely next president, Romney. I doubt much Perry contributors' money would go to Santorum. More likely it would go to Romney, if anywhere.    While strong candidates have won without winning money primaries, the successful ones raised enough early in their campaigns to be competitive. That's not Santorum.    Romney's huge advantage is that his Super Pac is running ads that are devastating because they educate voters about the incredible weaknesses of Gingrich. In his own ways, Santorum's voting records and comments make him almost as vulnerable to the Super Pac's ads as Gingrich.    Bloggers, commentators and the media will hit Santorum on his totalitarian, immoral positions on abortion and gay marriage.    Santorum's support for Bush's Big Intrusive Government actions against Teri Schiavo's husband who finally won his fight to let her die with some sort of dignity started the anti-GOP movement that cost the party the 2006 election.    Santorum has flatly stated that Americans are not entitled to privacy in their bedrooms or at their death beds. That's a killer position in a general election, and it helped cost Santorum his re-election bid in 2006.    But the real killer for Santorum, which Romney won't attack but others will, is that he last week declared that he would attack Iran to keep it from getting nuclear bombs. While I don't totally disagree with him on this, America is weary of war and scared to death of being attacked by some Iranian agent's brief case nuclear weapon or some other weapon of mass destruction. This issue alone would make Santorum unelectable as the GOP's nominee, I think.

2012-01-04T15:22:48+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2012:index.php/weblog/comments/3.4431 2012-01-04T15:22:22+00:00 2012-01-04T15:25:24+00:00

Mitt Romney looks like the Republican Party's 2012 presidential nominee. The Iowa primary finished off Ron Paul as a serious contender. But he never was in the running for the GOP's presidential nomination because he is more of an Obama Democrat on foreign policy issues than a Republican. He's being labeled as a "dangerous man", and he won't be able to shake that label.    If you take Ron Paul and his naive pacifists and isolationists, anti-drug laws and gold bugs supporters out of last night's results because few of his backers will vote against Obama, Mitt Romney won 31.365% of the caucus votes. Santorum won 31.357% and Gingrich won 16.982%.     That is, 79.7% Iowa caucus goers who are real conservatives and Republicans voted for candidates who they think are qualified to be president of the United States.     I think that Romney's supporters voted for him because he would be a strong president who shares their very conservative values. Compared with Obama and Gingrich, Romney radiates integrity and trust. And he has a chance of beating Candidate Obama even though Intrade gives Obama a 52% chance of re-election.    Santorum is a policy wonk. He works hard, but he lost the money primaries because he didn't impress smart people who have spent their lives hiring, firing and evaluating people. While his showing in Iowa will bring some social issues Big Money to his campaign, the real Big Money is committed to and will stay with the most likely next president, Romney. I doubt much Perry contributors' money would go to Santorum. More likely it would go to Romney, if anywhere.    While strong candidates have won without winning money primaries, the successful ones raised enough early in their campaigns to be competitive. That's not Santorum.    Romney's huge advantage is that his Super Pac is running ads that are devastating because they educate voters about the incredible weaknesses of Gingrich. In his own ways, Santorum's voting records and comments make him almost as vulnerable to the Super Pac's ads as Gingrich.    Bloggers, commentators and the media will hit Santorum on his totalitarian, immoral positions on abortion and gay marriage.    Santorum's support for Bush's Big Intrusive Government actions against Teri Schiavo's husband who finally won his fight to let her die with some sort of dignity started the anti-GOP movement that cost the party the 2006 election.    Santorum has flatly stated that Americans are not entitled to privacy in their bedrooms or at their death beds. That's a killer position in a general election, and it helped cost Santorum his re-election bid in 2006.    But the real killer for Santorum, which Romney won't attack but others will, is that he last week declared that he would attack Iran to keep it from getting nuclear bombs. While I don't totally disagree with him on this, America is weary of war and scared to death of being attacked by some Iranian agent's brief case nuclear weapon or some other weapon of mass destruction. This issue alone would make Santorum unelectable as the GOP's nominee, I think.

2012-01-04T15:22:22+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2012:index.php/weblog/comments/3.4429 2012-01-01T01:06:48+00:00 2012-01-01T01:25:49+00:00

Mitt Romney leads 24% to 22% for Ron Paul and 15% for Rick Santorum in the final Iowa Poll by the Des Moines Register, which reported:   But the four-day results don’t reflect just how quickly momentum is shifting in a race that has remained highly fluid for months. If the final two days of polling are considered separately, Santorum rises to second place, with 21 percent, pushing Paul to third, at 18 percent. Romney remains the same, at 24 percent.   Last night I predicted on the Washington Post's Right Turn blog's comment section that Romney will get 30% of  Tuesday's votes by Iowa caucuse goers while Santorum will get 20% and Paul 19%. What the Iowa GOP's presidential caucuses will do is cause voters and the media to put asside any thoughts about nominating Newt Gingrich, Rick Perry, Michele Bachmann or Jon Huntsman. If Romney wins Iowa Tuesday and New Hampshire's primary a week from Tuesday, he'll go into the S. Carolina primary with a lot of momentum, if not as the favorite. If Santorum wins or places second or third, he'll win some new followers for New Hampshire and beyond, but he doesn't have time to organize a serious campaign or raise Big Money to win the GOP's presidential nomination.  While Paul has the resources and organization needed to continue a long campaign, none of the other likely losers in Tuesday's primary do. He and some of the other losers may stick around to participate in debates and hype their books. Paul seems to be focusing on selling books and hyping his investments in the stocks of gold and silver mining companies. Some 64% of his substantial investments are in those stocks and another 14% are in real estate, according to his Congressional disclosures.

2012-01-01T01:06:48+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2011:index.php/weblog/comments/3.4428 2011-11-25T18:23:40+00:00 2011-11-25T18:28:41+00:00

Facebook privacy continues to be a problem on WSJ.com, Politico, Daily Caller and other sites. When you recommend an article via FB, you get an opt-in request that says if you use the FB connection, you give WSJ.com or whatever site access to the names of your friends, your profile info and more. The sites sell this info to marketers and spammers. If you click "don't allow" the connection is cancelled. I don't use the FB connection on WSJ.com because I don't trust News Corp., which owns The Wall Street Journal, Barron's and Fox News. The WSJ.com comment section also is programmed to invade your privacy and often requires a new log in even though you're logged into wsj.com. It's all very frustrating to me. Similarly, I don't use Yahoo.com's Facebook connection. FB and the sites that want you to recommend their articles to your FB friends say that they're not violating our privacy because our Friends and profile info are available to anyone who checks us out on FB. I believe only we should know who our FB and Twitter friends are. Our friends' names should be confidential, imho. I haven't signed up for Google+ because it wants access to all of my info and the right to sell that info just like FB and Twitter do. 

2011-11-25T18:23:40+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com e-commerce, Ethics, Trust, Marketing and Sales, Blogging, tag:businessword.com,2011:index.php/weblog/comments/3.4427 2011-09-08T23:52:14+00:00 2011-09-09T00:07:15+00:00

President Obama's cry for help in a feeble campaign speech to a joint session of Congress probably hurt him politically more than it helped him. It will do nothing for the American economy. What a disgraceful pander to public sector and construction unions. How empty can a presidential suit look and sound? Now we've see and heard one of the weakest and most self serving speeches a president has ever delivered in an appearance before Congress.

2011-09-08T23:52:14+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, Congress 112th, Economy, tag:businessword.com,2011:index.php/weblog/comments/3.4426 2011-09-08T01:51:08+00:00 2011-09-08T02:02:09+00:00

My quick reaction to the GOP debate tonight is that Mitt Romney and Rick Perry didn't hurt or help themsleves. They both turned in smart, slick and flawless performances. Jon Huntsman's defense of Al Gore's global warming alarmism in the name of appealing to gullible Goreans was the biggest fumble of the night. He's toast. Whether Perry's strong statements that Social Security is a Ponzi scheme and needs to be fixed and that education and health care in Texas are performing as they should have added to or substracted from his popularity remains to be seen. The questions by NBC's Brian Williams and Politico's Harris were pointed and tough. Williams put forth the left wing views of NBC and MSNBC and even argued with some of the candidates, but they didn't back down.  Gottcha questions didn't get anyone on the stage.  I think everyone performed very well. That means that I don't think anyone will gain much in the polls as a result of tonight's peformances. Everyone on the stage was more articulate and wiser than President Obama ever has been, I think.

2011-09-08T01:51:08+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2011:index.php/weblog/comments/3.4425 2011-09-08T00:03:27+00:00 2011-09-08T01:46:28+00:00

Gov. Perry gets the first question. Dodges question about education in Texas. Perry looks and sounds strong. Williams hits Romney on MA employment record. Romney hits it out of the ball park. Asked about Bain, buys companies, strips them and sells them. Romney hits that one out. We added 10s of thousands of jobs. Experience in succeeding and failing is what gives him experience needed to turn economy around. Good replies.  Time for Perry rebuttal. Perry attacks Romney's job record as gov. i Mass. Romney says wait a second.  Texas has oil and gas, zero income taxes. Perry didn't create those things. Takes on Perry strongly and with humor. Perry and Romney in great dust up that makes both look good.   Santorum: I've done things. Sounds as good as Perry and Romney on tax record. Will get Democratic votes. Cain: Eliminate current tax code. Refers to his plan. His 9, 9, 9% plan. It makes no sense.  Sounds authoritative, if misinformed. Is China currency manipulator? Huntsman. Romney doesn't get that what will fix the relationship is fixing our core at home. Now is not the time to enter a trade war. Recalls Reagan trip to China. Offers governors: we were number one job creator.  Attacks Romney on being 47th. He's swinging for the fences. Promotes his foreign experience. For Bachmann: Wanting less regulation? Which prohibitive to her small business. Bachmann attacks ObamCare. Leading small business owners say its cutting jobs. ObamaCare is killing jobs. 47% of African American kids without jobs.  For Paul. Absolutist in opposing roles of Fed government. Does this include making cars, medicine and air travel safe? Paul: I don't believe any these fed regs. Need regs of the free market. If need regs, do it at state level.  Williams argues with Paul over regs: FDA doesn't do a good job. Lobbyists from drug industry has control of writing the regulations. Paul gets applause. Gingrich: In intro to Fed UP, Gingrich praised Perry. Talks about his career in House. Attacks Obama. Harris asks question about health care, plays Romney clip: Said what he did in Mass was great opportunity for the rest of the Country.  Perry says MA shows individual mandate won't work. Romney: He will put out waiver to ObamaCare for all 50 states. Mass was different from other states. People were cheating and free riding the system. What Obama put in place isnn't going to work and it's massive expensive. Perry: 25% of Texans don't have insurance. Texans don't want what MA have. Medicaid needs to be block granted back to the states. Get Feds out of our biz when it comes to healthcare. Will deliver better and more cost effective care. Why so many uninsured? Perry: Asked Feds for flexibility. Feds won't give them. States can do a better job of delivering health care. Huntsman on mandate: Mandates wrong. Talk about individual responsibility. Utah did better than Rick and we don't have a mandate. Once ObamaCare is repealed what we do now. Utah perfect example. Huntsman is looking good. Bachmann: ObamaCare took over 1/6th of economy. Need strong, bold leader to overturn ObamaCare, not just executive order. Says need 13 more GOP senators to repeal ObamaCare. False promise. Gingrich: I'm not interested in your effort to get Republicans fighting each other. Every person understands ObamaCare is a disaster. Lots of applause. Great statement. Gingrich says he will repudiate every effort of media to protect Obama. Cain: Individual mandate to buy something is not right at state or at Federal level. Pass patient centered care. Allow assn. health plans. He's better informed and briefed than a few weeks ago. Hits Santorum as Catholic and on the issue on the poor. Santorum hits it back saying he worked for the poor. We changed the welfare system because it was punishing people. Great answer. Not phased by a pointed question. Williams on wealth gap between whites and blacks. Perry doesn't answer. We need to create a strong economy for all. Create environment that encourages small business owners to invest in new businesses. Twitter questions: 4 Romney: Can a president do anything about gas prices? Romney we can stop spending outside the country. Good riff on energy policy. We can become energy secure and create jobs. Attacks Obama energy policies.He's strangling America's economy. Let's have real jobs. Bachmann: If gov pulled back on regs could see another 1.2 million jobs. Good strong answer. Huntsman: President can't dictate gas prices. Presidential leadership manners. Tells Obama to get in front of the teleprompter and speak from the heart. We need a president that will provide leadershiop. Another good response. Paul: Getting rid of minimum wage would be good for workers. Turns to health care. Perry supported HillaryCare. Isn't Medicare a mandate? Everything we do is a mandate. Perry: Supported Reagan in '76 and all along and all his issues and his programs. But in the 1980s we spent too much and taxed too much. It was not all that great. Huge deficits during the 80s. Perry handles Social Security question. Calls it a Ponzi scheme. A lie. Karl has been over the top for a long time in someof his remarks. If Cheney or anyone else says SS is sound, that is just a like. We know that,  the American people know that. Harris: Dems itching to use that language against Republicans. Romney, funding isn't the issue. SS is not a failure for those living on SS. Our nominee can't be committed to abolishing but saving SS. I will make sure that we make it financially secure. It is working for millions of Americans and I will keep it working. Good answer. Perry: American people expect results. Maybe it's time to have provacative language. Cain: SS needs fiing. Chilean model. Give younger people a choice and over time eliminate the broken system we have.  Paul: About Perry's record in pushing for bail out money for illegals. HIV. Paul says Perry much less conservatie than he says. HIV vaccine not good medicine or policy. Not a good process. Executive order. Legislature overwhelming lly repealed. I will not use executive orders to write law. Bachmann: Parents need to make that decision. That is just plain wrong on her part. Takes that to education. Says parents must control educaton. Wants no Fed gov. in education. Perry: Facts. There was an opt out. Admits he didn't handle it right. I always will error on side of saving lives. Santorum: Dept. of Homeland Security. Explains his vote.  Attacks Perry on HIV and parental rights. What about opt in v opt out.  Romney: Believes in parental rights. Perry would like to do it differentlly. Give him a Mulligan. I think his heart was in right place. People on stage love America. President has to go. He doesn't have a clue on how to get this coiuntry working again.  Slick. Gingrich: D Homeland Security. There are people want to kill us. Need capacity to respond to attacks. Paul: Airlines are responsible for their passengers and cargos. TSA monstrosity. Sexual abuse. Airlines could do it. 9/11 setup by gov regs that told airline employes to not resist. Brian Williams argues for FEMA and federal aid. What happens without FEMA. We should never have had it. Govt. is broke. I worked real hard to make FEMA work. $20 bill year for air conditionin Afghanistan. Bring that home for FEMA. Cantor says money for FEMA should come out of other spending in govt. Cain Don 't eliminate FEMA. The federal govt is not good at micromanaging any thing, Cain says. Huntsman: Need Homeland Security Dept. that really works. Why spend all of this time on the smaller issues? 14 million unemployed. Huntsman, asks people to look how get country back on its feet.  Touts his econ record in UT.  We've got to get back in the game as a country, Huntsman says. Williams attacks Perry on education  and his education budgets. Perry: made thoughtful reductions. Texas grad rates up to 84%. Our 4th & 8th graders highest in country. With illegals, unique situation in TX. We will continue to have one of the finest workforces in the coiuntry when CAT, etc.. moving to the state. Gingrich: On educations. Promotes charter schools. In favor of school choice. public or private. Will never reform bureaucracy.  Hispanic questioner. On immigration reform. What would make the border secure. Perry, need boots on ground. Had request for 1,000 and working for 3,000. Need drones. You can secure the border. Then have a discussion about reform.  Attacks Obama comments that safe on the border.  Romney: We ought to have a fence. Need enough agents to secure. Regulate employers. Sanctuary cities. They have to be stopped. Turn off that magnet. We can't talk about amnesty. Let 7 million who are waitinh to dome in legally. Gingrich: Reagan signed amnesty with understanding that control border. Outsource to credit card companies so no counterfeiting. Have to find a way to deal with people who've been here 25 years and have kids. Santorum. Kid of immigrant. Irrelevant. Filibusters. This is not the 1920s, Senator. Promotes people cominghere legally. Can't discuss what to do with people who are here until secure the border. If a fence, border secure, gas $2, what do with 11 million people here. Bachmann. In Mexico dealing with terrorists. Can't yield our sovereignity to Mexico. Can do that. Hispanic American community wants us to stop giving subsidies for illegals. What do with 11 million depends on the people. Bachmann hits problem out of park. Cain: secure bofder, promote current path to citizenship, empower states to enforce the laws. Huntsman: Agrees with other comments. It's a human issue. Has 2 daughters who immigrated legally. Our legal immigration system is broken.  Paul: Remove incentives---citizenship, free health care, free education. The drug war driven by our drug laws. Fences and troops not the American way. The fence business will be used against us and keep us in. Just lost a bunch of copy. 

2011-09-08T00:03:27+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2011:index.php/weblog/comments/3.4424 2011-09-07T16:53:36+00:00 2011-09-07T16:56:38+00:00

Barack Obama is turning out to the president I thought he would be: Weak, rolled, self-interested, untrusted and wrong for America. The Atlantic's blog summarizes three polls that were released Tuesday.

2011-09-07T16:53:36+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, tag:businessword.com,2011:index.php/weblog/comments/3.4423 2011-09-06T22:39:08+00:00 2011-09-07T00:54:09+00:00

Mitt Romney introduced his economic reform plan today in USAToday. The 59 points follow: Maintain current tax rates on personal income Maintain current tax rates on interest, dividends, and capital gains Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains Eliminate the death tax Pursue a conservative overhaul of the tax system over the long term that includes lower, flatter rates on a broader base Reduce corporate income tax rate to 25 percent Pursue transition from “worldwide” to “territorial” system for corporate taxation Repeal Obamacare Repeal Dodd-Frank and replace with streamlined, modern regulatory framework Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements Ensure that environmental laws properly account for cost in regulatory process 12 Provide multi-year lead times before companies must come into compliance with onerous new environmental regulations Initiate review and elimination of all Obama-era regulations that unduly burden the economy Impose a regulatory cap of zero dollars on all federal agencies Require congressional approval of all new “major” regulations Reform legal liability system to prevent spurious litigation Implement agreements with Colombia, Panama, and South Korea Reinstate the president’s Trade Promotion Authority Complete negotiations for the Trans-Pacific Partnership Pursue new trade agreements with nations committed to free enterprise and open markets Create the Reagan Economic Zone Increase CBP resources to prevent the illegal entry of goods into our market Increase USTR resources to pursue and support litigation against unfair trade practices Use unilateral and multilateral punitive measures to deter unfair Chinese practices Designate China a currency manipulator and impose countervailing duties Discontinue U.S. government procurement from China until China commits to GPA 27. Establish fixed timetables for all resource development approvals Create one-stop shop to streamline permitting process for approval of common activities Implement fast-track procedures for companies with established safety records to conduct pre-approved activities in pre-approved areas 30. Amend Clean Air Act to exclude carbon dioxide from its purview 31. Expand NRC capabilities for approval of additional nuclear reactor designs 32. Streamline NRC processes to ensure that licensing decisions for reactors on or adjacent to approved sites, using approved designs, are complete within two years 33. Conduct comprehensive survey of America’s energy reserves 34. Open America’s energy reserves for development 35. Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries 36 Support construction of pipelines to bring Canadian oil to the United States 37. Prevent overregulation of shale gas development and extraction 38 Concentrate alternative energy funding on basic research 39. Utilize long-term, apolitical funding mechanisms like ARPA-E for basic research 40. Appoint to the NLRB experienced individuals with respect for the rule of law 41. Amend NLRA to explicitly protect the right of business owners to allocate their capital as they see fit 42. Amend NLRA to guarantee the secret ballot in every union certification election 43. Amend NLRA to guarantee that all pre-election campaigns last at least one month 44. Support states in pursuing Right-to-Work laws 45. Prohibit the use for political purposes of funds automatically deducted from worker paychecks 46. Reverse executive orders issued by President Obama that tilt the playing field toward organized labor 47. Eliminate redundancy in federal retraining programs by consolidating programs and funding streams, centering as much activity as possible in a single agency 48. Give states authority to manage retraining programs by block granting federal funds 49. Facilitate the creation of Personal Reemployment Accounts 50. Encourage greater private sector involvement in retraining programs 51. Raise visa caps for highly skilled workers 52. Grant permanent residency to eligible graduates with advanced degrees in math, science, and engineering 53. Immediately cut non-security discretionary spending by 5 percent 54. Reform and restructure Medicaid as block grant to states 55. Align wages and benefits of government workers with market rates 56. Reduce federal workforce by 10 percent via attrition 57. Cap federal spending at 20 percent of GDP   58. Undertake fundamental restructuring of government programs and services 59. Pursue a Balanced Budget Amendment 

2011-09-06T22:39:08+00:00 Donald E. L. Johnson thebusinessword@yahoo.com http://www.businessword.com '12 President, Economy, Financial Reform, Health insurance, Health Insurance Reform, Taxes,