Email letters, June 1, 2012
As businessman, Romney had advantages that President Obama did not
The Sentinel’s editorial yesterday (It’s not the ‘Bain’ of our economy) failed to mention several pertinent aspects of the “business experience” of Republican presidential candidate Mitt Romney.
First, because Bain Capital is a “private” equity firm not required to disclose its “investments,” and because Romney has not released a full record of the firm’s ventures under his leadership, it is not yet clear whether he was a “job creator” or a “vulture capitalist” (as his Republican primary opponent Texas Gov. Rick Perry – not the Obama campaign – first characterized Romney’s record).
Second, private equity firms serve the economy by injecting equity into marginal businesses – just as President Obama attempted to inject “stimulus” into the flagging economy he inherited after eight years of Republican profligacy. However, Romney’s decisions were unencumbered by ideological obstructionists, while President’s Obama’s stimulus efforts were substantially gutted by Republicans demanding more tax cuts.
Third, while the decisions of private equity firms are driven by “the numbers” – quantifiable data reducible to spreadsheets – and are intended to benefit only a small constituency of investors, presidential priorities (as aptly summarized in the Preamble to our Constitution) are seldom so quantifiable and ostensibly serve the “common good.”
Fourth, when private investment was not forthcoming, even Romney turned to the federal government to bail out the Salt Lake City Olympics. Now, even though the Bush tax cuts for the wealthy diverted much-needed revenue from the federal budget into self-perpetuating political campaigns, the federal government remains the only source of “equity investment” available to fuel public sector jobs needed to rekindle the economy.
Finally, while Romney famously asserted that he “wasn’t worried about the poor, because they have a safety net,” both his economic prescriptions and the Ryan budget would weaken that safety net – even as more formerly “middle class” Americans are falling into it.
Kids for Compassion Club in Basalt thanks community supporters
The Basalt Middle School has a Kids For Compassion Club that’s been going on for two years now, involving 5th through 8th grades and the whole community.
Members of the club have designed T-shirts and have sold them to raise money to buy bear-proof recycling bins. We also worked with the mayor of Basalt and the town council to become the second International Compassionate City.
We planned and staffed a Saturday Basalt BASH and Compassionate Spirit Week; we also passed out Compassionate wristbands and participated in the Roaring Fork Clean-up. We have encouraged people to be compassionate.
Next year, some of our goals are to establish pen pals with Japan and Pakistan. We also will be working on the 50 Acts of Compassion to save our earth. Look for our Kids for Compassion Booth at Basalt BASH Event this summer.
One of the biggest things that happened this year is that Timbo’s Pizza became the first Compassionate Business in Basalt. We want to thank Timbo’s Pizza for supplying free lunch for the Compassionate Student of the Week.
The idea of having a Compassionate Student of the Week started when we came up with goals such as getting people to think about empathy and compassion.
We had ideas to get the school involved. We collected cans for recycling. We nominated a student for being compassionate; we made slips of paper so people could nominate students that were caught being compassionate and we read the suggestions. Then, each chosen student got a free T-shirt and a free lunch that was supplied by Timbo’s.
We would also like to thank Inter Mountain Waste and Recycling. It donated a recycling bin at the baseball field between Basalt Elementary and Basalt Middle School. It also will be picking up our recycling for free in the summertime.
Thank you for all your support.
STEPHANIE NEVAREZ, BIANCA GODINA
Basalt Middle School Kids for Compassion Club