Monday, May 21, 2012

There's an unfortunate myth about America's normal people, also known as atheists.

Many Christians think all atheists or virtually all atheists are liberals. This is a terrible misconception but I can almost forgive them for thinking that because the liberal loons make the most noise.

Atheist means one thing and one thing only: not a theist.

Not believing in supernatural bullshit has nothing to do with anything else including politics. There are about 30 million atheists in America and they are, like the rest of the population, just as likely to be economic conservatives as they are to be liberals who know nothing about how capitalism works.

The only difference between America's theist Republicans and America's atheist Republicans is the atheists do not want to make the United States a Christian theocracy, and they will not attack science and science education to defend the magic Jeebus man.

Unfortunately the only political party in America that is for economic conservatism is often also for sticking the dead Jeebus everywhere he doesn't belong including our public schools and our local and federal governments.

Fortunately the 2012 Republican candidate for president is not as god-soaked as the other candidates who could have won the nomination. Mitt Romney is likely to focus on his job as president and not pretend to be a preacher man like for example the brain-dead Rick Santorum.

So please, Christians, please get rid of your misconception that all atheists hate capitalism. At least half of us and perhaps most of us love capitalism. We have contempt for your fantasies, but we are economic conservatives. We know capitalism works best when government gets out of the way.

Christians, to help you understand, please see an excellent blog at THE ATHEIST CONSERVATIVE.

I wrote more about this subject at these six posts:






How to be wealthy

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This editorial is from today's May 21, 2012 Wall Street Journal.

Bain Capitalism 101

How does a rapacious company get repeat business?

Watching Obama campaign ads or MSNBC, one could easily come to the conclusion that Bain Capital makes money by destroying the companies it owns. So for voters unsure about the business that Mitt Romney founded but still reluctant to trust the financial analysis offered by community organizers, some perspective might be helpful.

The basic Obama-liberal critique goes like this: Bain buys a company, loads it with debt and then sucks out cash before foisting the wounded business upon an unsuspecting buyer or a bankruptcy court. In the risk-taking world of private equity such a scenario can certainly happen, and it's true that Bain likes management fees and dividends as much as the next partnership.

But then how to explain the history of Bain Capital? Mr. Romney started the business in 1984. The company has since bought and sold many businesses and executed thousands of financing transactions.

If Bain's standard operating procedure were to hand the next owner of one of its companies a ticking bankruptcy package, how is Bain still finding buyers nearly three decades later? And who would agree to lend money to a company backed by Bain? Wouldn't word have gotten around by, say, 1987 that Bain's portfolio companies weren't creditworthy?

The liberal critique of private equity assumes that the financial industry is full of saps who have been eager to lose money across the table from Bain for 28 years. This is the same financial industry that the same liberal critics say is full of greedy schemers when it comes to padding their own pay or ripping off consumers. But financiers can't be both knaves and diabolical geniuses at the same time.

Learning about Bain successes like Staples or Gartner or Steel Dynamics confirms the logical conclusion that Bain had to be creating value along the way—for investors, for lenders, and that means for workers too.

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Romney opens new front against Obama, saying schools are failing

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