My latest reading of The Real Romney, by Michael Kranish and Scott Helman, concerned Mitt Romney's participation in the Mormon church and in Bain Capital.
Romney's participation in the Mormon church, Kranish and Helman talk
about the positive and the negative. On the positive side, Romney was
hospitable to others in the church and was very generous towards fellow
Mormons who were in need. He was also open to egalitarian policies
(with respect to women) when he was in a position of authority within
the church. On the negative side, Romney could be rather
authoritarian. He reportedly told a low-income woman in the church that
the church wanted for her to give her baby up for adoption or she would
be excommunicated (and the implication of that is that she would not be
saved). This is according to the woman's account, but Romney denies
that he threatened her with excommunication. She kept the child (or so I
gather), and he grew up to be a successful electrician.
read all of what the book says about Romney's time at Bain Capital, but I
learned about what Bain Capital did: it invested in companies, advised
them in order to make them better, and sold them at a profit. This
could create jobs, but it could also get rid of jobs that were not
deemed efficient, or enable big companies (like Staples) to put
mom-and-pops out of business. But Romney saw value in creative
destruction, as the new replaced the old.
I liked what Kranish and Helman said on page 134 about those who
joined Bain Capital: "One former partner described the group as a cast
of brilliant, socially awkward young men...anxious to prove that they
were just as worthy as peers who had gone to big Wall Street firms."
and Helman also talk about something that they mentioned earlier in the
book: that Romney, even though he is wealthy, is quite Spartan when it
comes to spending money. He doesn't like even a little amount of money
to go to waste. I know (or know of) rich people who are like that.
Jesus could do no mighty work there
4 hours ago