Excellent speech on fiscal policy today by Mitt Romney that all should read. A sample:
I learned how to balance budgets in business. In the private sector, you have no choice—you either balance your budget or you go broke. And you spend every dollar like it’s your own, because it is.
Someone should have told that to Solyndra. The federal government gave them a $535 million loan guarantee to build a factory in Fremont, California. The footprint covered 5 football fields. They had robots that whistled Disney songs. I am not kidding. They had “spa-like showers with liquid-crystal displays of the water temperature.” The company headquarters was called the “Taj Mahal” of office buildings. That’s how government starts a company.
Let me compare Solyndra with Staples, a company I helped get started. Our headquarters was located in the back of an empty food warehouse. We got some used office furniture – old Naugahyde chairs. You had to be an athlete to get out of them. Every penny we had went into selling the product and attracting new customers.
That’s a difference between the private sector and government–fiscal responsibility.
There’s much more – and it’s good. Read it all here.