Republicans told us for years that we needed to run the federal government like a business. We’re now two years into their little experiment and it has been a complete failure by every possible measure. We’ve had three shutdowns in the last 12 months, workers are getting stiffed, the economy is as fragile as ever, and consumer costs are going through the roof while the rich get richer. Make no mistake, this is exactly how businesses in America work, but it doesn’t work as a governmental system. Ring of Fire’s Farron Cousins discusses this.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
You know, one of the biggest talking points from the 2012 presidential election when Mitt Romney was the Republican candidate, it was let’s run government like a business. They thought Romney, former governor, but most importantly a businessman guy who amassed a fortune of $250, million dollars, at least he would be the perfect man to try out this run government like a business experiment, except for the fact that people forgotten. Mitt Romney made his a hundreds of millions of dollars by starting being a member of Bain capital, which basically just bought up smaller companies, stripped him down to the copper and the walls, sold everything for a profit and then moved on to the next one. They weren’t savvy businessmen. They were corporate predators and vultures and that’s how they made all their money. Luckily we didn’t have to go through the Romney experiment because he lost the election in 2012 to Barack Obama.
Then 2016 came along and we got stuck with this guy, Donald Trump and republicans had been telling us since day one, this is great. We’re going to run government like a business. Unfortunately, they didn’t tell us it was going to be like one of Trump’s businesses, you know, like Trump airlines, Trump steaks or Trump university or Trump’s casinos, all of the things that went bankrupt. Trump water. Yeah, all of those failed miserably because as it turns out, Donald Trump’s not a great businessman, but even more importantly, the United States government is not a business. Now, they have damn sure been running it like one and we have the proof of that. Why? Because the richest in the country are making more money, but the rest of us, the workers, the voters, everybody we’re not. We’re the ones getting screwed. They’re taking away our protections just like any non-regulated corporation would do to their workers.
They just gave themselves massive raises. This week after Trump signed an executive order telling the rest of the federal workers in the government, you don’t get anything. You can’t have a raise this year. Federal government shut down at the moment. So we have 800,000 federal workers not getting paid. Trump’s getting paid. Oh, he says he’s not accepting his salary, but he’s still a billionaire. So what does it matter? Pence is getting paid. All those other millionaires and billionaires running his departments are getting paid and we’re getting screwed because our government’s not even functioning at the moment. Yeah. We’re running government just like a business and just as everyone expected. It’s been an absolute miserable failure for everyone in this country except those at the very top.
the last thing that a country already run by corporations needs is to be run by a corporate crony
#Innovation
To be fair, it might work if we actually chose successful businessmen to run the gov such as Gates + Buffett. Agent Orange didn’t fail as POTUS coz he was a businessman. He failed coz he is an incompetent + unstable moron.
Shut the fuck up Romney you are a fucking idiot.
Ah, ya, Trump will save this country and shake up Government – because he’s a great business man! Well let’s see – shake up Government – yep that happened alright. Well the Government is shut down – so how is that good business sense???????????????????? Mitt Romney ran on the same premise, and is now saying that was a mistake, that’s actually funny!
Yep, run it into the damn ground.
Nothing wrong with running the Government like a business as long as the business remembers that the workers must share in the profits and benefits of the business without giving it all away to foreign interests. Barak Husain Obama was the worst ever President of the US of A. The Democrats are responsible for the shutdown of the US of A.
Trump had over 500 businesses of which he went bancrupt 5 times . Excellent history.
Trump brand name is dead after ďaddy Sr. passed away!
Romney , the vulture capitalist, he makes 12 million a year, and he hasn’t worked a day in 20 years. He is the guy that takes vulture money, buys the business, loads it with debt, and saddles it with a “management” agreement in perpetuity of millions a year. Staples, that’s one of his destruction victims struggling to survive. His buddies did the same thing to Toys r Us. How did that work out?!! I hate that guy.
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates.
The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company.
A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates.
A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.
The Orange Dunce is running America like a business, which is why the country is on the verge of becoming a third world nation.
Oh I think Trump is getting paid trust me he never met a buck he didn’t like
NO PITY HERE if you’re a Donald Dump supporter while working for the government .
For those if you that voted for Donald Dump and works for the government… how’s that working out for you.
Every government worker that voted for Dump, I hope you loose your car, your house and yes… even your dog.
Business people are children. They want the candy or the Christmas presents, and in their hyper state will trample, thoughtlessly or otherwise, whoever or whatever gets in their way. Putting a business person in charge of a country is like allowing an eight-year-old to drive a semi to trick-or-treat on Halloween.
All of you in office have violated the Titles of Nobility Act, stripping you of citizenship and the inability to hold any public office, this is not going to help your cause, so pay your bills and get ready for GITMO, your a common criminal.
Romneyed should come to mean preying on and destroying business. LIke Sears and Toys R Us were Romneyed as Trump Romneys the nation
SHIT OMNI IS A NEADERPANZEE
Romney is nothing but a clown and a dirty rat and thank God for President Trump. And we love our President , you are a clown and a lying troll that is brain dead. Go and get your self some more crack because you don’t do well without it.
1:45 THAT is the whole plan after all, so far they have been incredible successful at doing that, sure it won’t mean much once everything turns to chaos but that’s a afterthought.
>Run the country like a business.
Okay, every single American are now shareholders. Time for the shareholders to get their dividends
Oh yeah and mitt speaks his truth to conservatism!!! A man with a million dollars lends you a grand for a lawn mower. You cut grass , cut grass, cut grass and build a lityle company. He,s the maker your the taker.
Bain capital targeted companies with healthy retirement funds for employees. Thats what they harvested.
I believe that I recall that the American people rejected MITT ????
Running the government is a stupid idea especially when the businessman running the government used bankruptcy as a business tool. A businessman who bankrupted casinos, where people literally give you money.
Like a business.. what kind of business? A casino, of course.
Repubs wanted a businessman for pres to “run govt like a business”. The only thing that should be run like a business is a business! Go ask ppl who wanted to run God’s “Church” like a business.
They are totally different animals, the accounting is totally different, and governments are not for profit.
Tired of winning yet?
Doesn’t “running the government like a business” clash with the supposed ideals of Christianity? Seriously, how does the GOP worship both Jesus Christ and Ayn Rand?
Well, at least running the government like Trump runs a business is a dumb idea
Truely good business people don’t go into politics. Some people become politicians because they believe they want to serve their country out of loyalty (McCain), some because they have an ernest belief they can make it a better place (AOC), but businesspeople go into business because they want to make money or enjoy the challenge of making a failing business work. None of that has anythign to do with being in the landmine world of politics or dealing with a national economy which is not the same kind of challenge. If they are there, they are either failed business people (trump), or people who only did business as a means to achieve power (Romney). Be ware of these people, they are not worthy of governing. Beware of any politicians who has gone in to their job for the purpose of obtaining power.
Great video.
How many big corporation’s would hire a politician as their CFO?
Sounds like running the country as a business was a complete success, for the people who pitched the idea.