Romney Blasts Businesses Started in a Garage and Gets Blasted Back

Posted: October 12th, 2012 by Militant Libertarian

by Judy Morris

Mitt Romney is getting blasted for taking a swipe at businesses started in a garage.  What the heck is Mittens thinking?

Mitt Romney Is Wrong: Garage-Based Businesses Are Great

The most infuriating moment of the presidential debate hasn’t gotten the attention it deserves.

hat moment was when Governor Romney, the Republican, in response to a question about regulation, declared it “essential” and went on, “You couldn’t have people opening up banks in their — in their garage and making loans.”

That sound you heard during the debate was the echo of me ripping my hair out while throwing my drink at the television in frustration at the idea of a Republican presidential nominee who portrays himself as the defender of free markets yet who also describes garage-based businesses as a grave danger that must be regulated out of existence.

Ira Stoll’s Reason.com article also appeared in Time, here, and the New York Sun, here.  Some incredibly successful businesses started in a garage, including:

Apple, Google, Mattel, HP, Amazon, Disney, Microsoft, MagLite, Yankee Candle Co. and Harley Davidson.

Read the rest here.

Just because Bain Capital didn’t hail from beginnings as humble as a garage, basement or barn is no reason to diss those entrepreneurs who frequently succeeded and succeeded big.

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Comments (6)

 

  1. GoneWithTheWind says:

    So clearify your position for me. Are you saying you oppose all banking regulations and anyone should be able to open and run a bank and set their own rules? Or are you saying that “Apple, Google, Mattel, HP, Amazon, Disney, microsoft, Yankee Candle Co. and Harley Davidson” are banks???

    • Militant Libertarian says:

      So you’re saying that we can’t allow someone to open a business, including banks, in their garage?

  2. GoneWithTheWind says:

    No! What I’m saying is your clumsy attempt top create a strawman is obvious. Mitt did not disparage small businesses in garages or elsewhere. What he said is simply that banks, unlike other businesses, require regulation to prevent problems. This is a fact society has discovered generation after generation. It isn’t or shouldn’t be a political opinion it is merely a piece of hard earned knowledge that is reinforced every generation or so when banks and bank policies are at the center of a economic disaster.

  3. GoneWithTheWind says:

    I think you just proved yourself wrong! By your own words Romney favors some regulation. But your claim was that he didn’t want someone to open a business. Thank you! My work is done here.

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