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January 15, 2012
Isn't a Bainful Turnaround What America Needs?
Outlays for all purposes came in at $874 billion, but income was only $554 billion. So the shortfall was $320 billion. No hope of a self-imposed turnaround here.Indeed, both the senior management and the board of directors show no signs of making major changes to their business strategy. Hope for future profits? That's out of the question. The firms only chance of survival is a takeover. Worldwide employment for U.S. Government Inc. is estimated to be over 2 million, a completely unmanageable number for a venture like this. Total compensation for this company is roughly twice the level of its private-sector counterparts. And its retirement and health-insurance benefits are so large in relation to contributions paid that its benefit plans are careening toward insolvency. -- Larry Kudlow
Posted by gerardvanderleun at January 15, 2012 9:59 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Yes, A Bainful turn around is necessary; we just don't need Romney to head it.
Posted by: Peccable at January 15, 2012 10:38 AM
You say that as if you had a chøice.
Posted by: vanderleun at January 15, 2012 10:41 AM
If I thought Romney were to address government as he did the business of Bain, I'd become giddy in my enthusiasm. But as you say, my choices are what to have for lunch.
Posted by: james wilson at January 15, 2012 12:48 PM