Tuesday, October 9, 2012

Romney Blasts Businesses Started in a Garage and Gets Blasted Back

Mitt Romney is getting blasted for taking a swipe at businesses started in a garage.  What the heck is Mittens thinking?

Mitt Romney Is Wrong: Garage-Based Businesses Are Great
The most infuriating moment of the presidential debate hasn’t gotten the attention it deserves.

hat moment was when Governor Romney, the Republican, in response to a question about regulation, declared it “essential” and went on, “You couldn’t have people opening up banks in their — in their garage and making loans.”

That sound you heard during the debate was the echo of me ripping my hair out while throwing my drink at the television in frustration at the idea of a Republican presidential nominee who portrays himself as the defender of free markets yet who also describes garage-based businesses as a grave danger that must be regulated out of existence.
Ira Stoll's Reason.com article also appeared in Time, here, and the New York Sun, here.  Some incredibly successful businesses started in a garage, including:

Apple, Google, Mattel, HP, Amazon, Disney, Microsoft, MagLite, Yankee Candle Co. and Harley Davidson.

Read the rest here.

Just because Bain Capital didn't hail from beginnings as humble as a garage, basement or barn is no reason to diss those entrepreneurs who frequently succeeded and succeeded big.

No comments:

Post a Comment

Popular Posts