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Updated on July 30, 2012

Who is this Macintosh guy?

John Macintosh reveals more about Mitt Romney, the presumptive Republican Party candidate for the 2012 presidential election, as a venture predator than a businessman.

In an article (CNN, 7/30/12) that starts with his own participation in the global private equity industry for a number of years (1994 - 2006), he, Macintosh, does not mince words by describing what Mitt Romney uses to make his money as OPM (other people's money) by borrowing from banks and buying companies that are on the verge of closing their doors.

After that he takes the risk of "polishing them up", and like a used car salesman, puts them back on the market for sale. His system is not new; but his (Romney's) "modus operandi" will make the almost defunct "product" look good to any buyer.

From then on, he can make as much profit as possible, by getting the new company to seek loans from banks he has relations with for improvements, with all the large fees coming his way. Thus the new company takes on more risks, and he gets all the perks; and after that, a repeat performance is to grab crummy companies and go on as usual.

What makes the article more interesting is that he is urging Romney to tell his own story like it is, and not leave it to other people, who might be lying about his life and business; and as candidate for president of the United States, the whole truth and nothing but the truth must be known about him.

There are several quotes in the article that need to be repeated, but the one that gives Romney away more than any other is,

"Unfortunately everything worth doing can be overdone and sometimes I went from taking risks that were already there to making risks that weren't. Why? Because the company I wanted to buy was too boring, too well run, or too expensive to give me a decent chance of making real money unless I increased the level of risk. And this risk, usually excessive borrowing that I forced the company to take on (usually so that I could buy it) was borne by the company and its employees, customers and vendors with occasionally dire consequences."

That, in a nutshell gives one the idea that the country will be operated as a commercial business with plenty of risks running in the background, and thus painting a rosy picture on the outside, but whatever that is found to be disdainful or repugnant will be hidden from the public eye.

Government will be smaller, as much of the work can be delegated to the private sector, in place of "angels, (other) banks, (which) -have proven too stupid, too lazy, too small (disinterested) or too bureaucratic."

Macintosh (the writer) turns the the gun on himself, as a private equity owner and says,

".... I was surrounded by guys just like me and this can still make it hard for me to relate to regular people. I almost never dealt with women or minorities as true partners. And I'm still perplexed when people don't share my passion for money, efficiency and numbers."

.... and the story gets even worse from that point on; but the fact of the matter is that it behoves Romney himself, and not a political surrogate or a campaign hierarchy to divulge some secrets that will clarify his position, as envisaged by some of his own colleagues, Rick Santorum and Newt Gingrich, that he has running in the Republican primaries, as him being "dishonest" and "untrustworthy".

He, Romney, is running for president against the incumbent, President Barack Obama; and not all people like him or are going to vote for him; however, all the stories about him, simple and complicated, are known or are as public and as visible as the George Washington Bridge, and that he, Obama, has nothing to hide, even if he tries.

For Macintosh to put himself in Romney's shoes is derisive; but at the same time, it is serious business, as the electorate will want to know who he really is. The American people want to confirm him as one of them, and so he must reveal his true self.

The election day is less than a hundred days away, and therefore he has ample time to do so; otherwise, his tour of the United Kingdom, Israel and Poland will be deemed as one big cover-up.

Many of us are Independent voters; and we are watching and waiting.


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      Ghost32 5 years ago

      Okay, I get that...but are you reading? I didn't have much of a clue about Romney, either, until it became clear he was going to end up the GOP nominee. At which point I figured, "Well, maybe I'd at least know a bit more if I actually looked at his campaign website."

      That, plus occasional Internet searches for details on the dude, have led me to a somewhat surprising conclusion: He's been amazingly open about who he is, there's a ton of info out there, and most of it is actually in writing.

      Who knew?