As 2012 comes to a close, there’s still some unfinished business looming over Washington. President Obama and Congress have yet to come to an agreement on how to avoid triggering the fiscal cliff, a set of automatic spending cuts and tax increases set to go into effect at the start of the new year. With so much at stake, the incentive for compromise seems high. But Ed Conard, former managing director of Bain Capital says, when it comes to increasing taxes for the wealthy, there’s just no room for compromise.
In Tuesday night’s presidential debate there was much discussion about job creation, but it was the comments of one of our independent voters in Ohio, Dan Starr, that really set a lot of listeners off. "The government doesn't create any jobs — they really don't," he said. "That's the job of the private sector." Is Dan right?
President Obama’s campaign continues its pressure on Romney to release his full tax records. If Bain’s SEC filings listed him as its chief executive from 1999 to 2003, they say, why did he claim to have left the company in 1999?
As the race for the presidency heats up, President Obama's reelection team continues to attack Mitt Romney's career at Bain Capital, while questioning private equity's role in the American economy. Edward Conard, former managing director at Bain Capital and author of "Unintended Consequences," worked with Mitt Romney throughout the Republican candidate's years in private equity. Conard explains why he believes Romney's experience in private equity will prove essential should the Republican candidate take the White House this fall.
In 1987, Wall Street came to be personified by the Oliver Stone film of the same name, by Michael Douglas’s Gordon Gekko. "The point is, ladies and gentlemen, that greed, for lack of a better word, is good," Gekko famously preached. Today, the Occupy Wall Street Movement seems to be fighting against this same idea. How, exactly, does the one percent feel about that? Edward Conard, former managing director of Bain Capital, offers his opinion.