Who Would You Trust as Your Financial Advisor: Mitt Romney or Barack Obama?

As the November elections draw near, voters should ask themselves this important question: Who would I trust as my personal financial advisor: Mitt Romney or Barack Obama?

It is a simple, yet definitive question that addresses the single biggest issue on most voters’ minds: the economy.  And not the economy from a 10,000 feet up view of GDP, unemployment, and manufacturing figures… the economy as in “What’s in my bank account? Why am I still unable to find a job?  Can I afford my kid’s education?”

The fact is, Mitt Romney and Barack Obama have two very different approaches and track records when it comes to financial planning.

Mitt Romney got his start in life in business.  Barack Obama got his start in life as a community organizer.  By the time Romney was 30 years old, he was working at a management consulting business, financially advising businesses to become more efficient and profitable.  At 30 years old, Obama was steeped in Left-leaning academia as a visiting professor at the University of Chicago.

Before running for office, Mitt Romney would go on to co-found one of the nation’s most successful private equity firms – a business that literally exists to buy flailing businesses and financially plan them into profitability. During his time at Bain Capital, the firm would purchase or invest in more than 100 businesses, creating tens of thousands of jobs at companies like Staples, Sports Authority, and Steel Dynamics alone.

In 1999 Romney would take a leave of absence from Bain Capital to accept a position heading up the 2002 Winter Olympics in Salt Lake City, Utah.  Crippled by scandals, mismanagement and a $379 million dollar revenue shortfall, Romney would accomplish the unthinkable, restoring both the honor and integrity to the games, and turning a budget shortfall into $100 million in profits. It was a feat of financial advising the Olympics had never seen.

Meanwhile, President Obama would spend his formidable years as a community organizer, professor, civil rights attorney, and state senator, embroiled in the political machinery of Illinois. Noble professions perhaps, but not exactly the ideal training or experience for the man who would eventually be tasked with turning around our nation’s crippled economy.

Once in high public office, both men would show their true colors in management, leadership, and financial prudence.

As Governor of Massachusetts, Romney balanced the budget every year and turned a $3 billion budget shortfall into an estimated $1 billion surplus by 2006. President Obama took a different course. In the first three years of his administration, deficits have averaged $1.3 trillion each year.  According to the Weekly Standard, deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion.

The same contrast has played itself out with both candidates’ job records. Mitt Romney ended his term in office with 4.7 percent unemployment in the state of Massachusetts while unemployment under Obama currently hovers at 8.1 percent nationwide. 

The story of each candidate’s ability to display leadership and prudent financial planning tells itself.  So the question remains: Which candidate would you choose to be your Financial-Advisor-In-Chief?

Comments

Comments

  1. chas holman says:

    “Who Would You Trust as Your Financial Advisor: Mitt Romney or Barack Obama?”

    Well, seeing how Mr Romney always seems to profit greatly, but often from buying, breaking up and selling off what were supposed to be viable business’s.

    I’d chose Obama.. my portfollio might not grow as fast as I would desire, but he doesn’t seem to have a penchant from personally profiting from others demise. With the Governor, I fear he would drive up one day in a shiny new sports car and tell me I was broke and he can’t tell me where the money went. No reason to get specific.

    1. E A says:

      No, Romney didn’t break up anything. He consulted with the businesses that contracted him to help and together they came to an agreement as to how to make the business profitable again TOGETHER. It was a consensual business agreement. These are services for which a mutually agreed fee was voluntarily paid.

      Obama would take your money and redistribute it to the rest of America. If that is a good financial deal to you maybe you would be better off leaving your comments to yourself so the rest of the world can’t read them.

  2. Tim Lewis says:

    I totally and fully trust Mr. Mitt Romney. Because of his PROFITABLE record as Governor.

  3. E A says:

    No, Romney didn’t break up anything. He was hired voluntarily by companies who voluntarily paid him to help turn their businesses around.

    You obviously pay more attention to false ideologies than to facts. It’s not working out very well for you since you think it is okay for Obama to take your portfolio and redistribute your money to the rest of America. Good luck with that!

  4. Bernard de Vallette says:

    Holman,

    Romney has created and grown business when necessary, and broken them up in some instances. It is all part of the natural life-cycle of creative destruction. On the other hand, professional ideologue Obama has no clue about how a business work. He would bankrupt Coca Cola.

Polititainment

Michael Bay might direct Benghazi movie

Bay, who has spent the last several years gaining popularity for his "Transformers" films, is reportedly in talks to direct the Benghazi film "13 Hours," according to the Hollywood Reporter.

Holder wants Denzel to play him in movie

Holder spoke to The Hill about Hollywood and politics while at an event at the Washington Ideas Forum Wednesday that was hosted by The Aspen Institute and The Atlantic.

'Rival Survival' premiering Wednesday

Senators Jeff Flake (R-Ariz.) and Martin Heinrich (D-N.M.) are getting ready to show America their bipartisan fire-starting skills on "Rival Survival," a reality show starring tho lawmakers that premiers Wednesday night on the Discovery Channel.

Lovitz has a field day with Hillary

Before Hillary Clinton's jobs comment is swept aside as a minor whoopsie, a few words from Jon Lovitz.

John Oliver has some ideas for the FDA

Some people want more nutrition information on food labels--but who really understands those labels anyway?

White House

Russian hackers broke into the White House network

Hackers with suspected ties to the Russian government recently broke into the White House’s unclassified computer network, the Washington Post reported Tuesday night.

Obama is withholding over 15,000 Fast and Furious documents

President Obama claimed executive privilege to withhold over 15,000 documents relating to Operation Fast and Furious, including nearly 20 emails sent between Attorney General Eric Holder and his wife.

White House fence jumper charged with assault
WASHINGTON (AP) — The 23-year-old Maryland man who climbed over the White House fence Wednesday night has been charged with felonies for assaulting two police dogs and making threats, the Secret Service said Thursday. Dominic Adesanya of Bel Air, Maryland, is in custody of the U.S. Marshals Service for previous outstanding warrants, Secret Service spokesman Brian Leary said. […]
President Obama, unpaid bills and the curious editing of the White House transcript
President Obama, some unpaid bills and a curiously “inaudible” section of the White House recording of a speech — that’s how all good stories start, right? While at a Democratic National Committee fundraiser in Chicago, Obama cracked a joke about the “unpaid bills” at his home. The joke was reported by the White House Press […]
Secrecy shrouds how the Obamas cook their chicken wings

Now it seems the Obamas are tight-lipped even about their eating habits.

Congress

Justin Amash envisions a libertarian Congress

Rep. Justin Amash, the libertarian congressman from Michigan, knows that Congress is far from libertarian. But someday, he thinks that might change.

Rand Paul: The GOP's image ‘sucks’

Rand Paul didn’t mince words about the GOP.

Small college's students thrown into 2014 election

Young people tend not to engage much in the humdrum local politics that go into midterm elections. But what if it’s happening literally in their own backyard?

GOP senator: 'Sorry the government's so f***ed'

Sen. Lindsey Graham (R-S.C.) made some self-deprecating jokes and colorful remarks about the state of the government during a recent private gathering, per a recording provided to CNN by South Carolina Democrats.

Top lawmaker's Ebola claim

A leading House Republican says he is aware of information that points to the United States eventually receiving non-U.S. Ebola patients for treatment.