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December 21, 2006

Who will be Montana's Pick in 2008?

Since I last posted on the presidential election of 2008 over a month ago, there have been some interesting developments. New people have emerged as frontrunners, some have declared their candidacy and some have announced they are planning announcements (you just gotta love it). Based on media hype, money raised and/or ground operations, these six candidates seem to be top contenders:

Democrats: Hillary Clinton, Barack Obama, and John Edwards.

Republicans: John McCain, Rudy Guilliani, and Mitt Romney.

Who has a chance of taking Montana's three electoral votes? Any of these six? A darkhorse? Who will be the best candidate for business/economic development?

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Let's look at the candidates:

Hillary: Attorney but she know knows land deals :)

Osama Obama: Civil rights attorney

Edwards: Got rich suing companies

McCain: Career politician (but he did work in his father-in-laws beer business)

Rudy: Prosecutor and career politician

Romney: MBA/JD from Harvard (cum laude). Former CEO of Bain Capital and Consulting. Romney was a vice president of Bain & Company, Inc., a Boston-based management consulting firm. In 1984, Romney left the company to co-found Bain Capital, which quickly became a highly successful private equity investment firm.

In 1990 Romney was asked to return to Bain & Company, which was facing financial collapse. As CEO, Romney managed an effort to restructure the firm's employee stock-ownership plan, real-estate deals and bank loans, while increasing fiscal transparency. Within a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without layoffs or partner defections.

Following his year at Bain & Company, Romney returned to Bain Capital. During the 14 years he headed the company, Bain Capital's average annual internal rate of return on realized investments was 113 percent. During Romney's tenure, the firm founded, acquired or invested in hundreds of companies including Staples Inc., Bright Horizons Family Solutions, Brookstone, Domino's, Sealy and The Sports Authority. Romney left Bain Capital in 1998 to head the 2002 Salt Lake City Olympic Games bring the games out of scandal making a $100M profit. He also brought Mass. out of financial ruin as the state's governor.

Hummmmm, who would I vote for if I were strictly judging the candidates on their ability to promote business and economic growth?

I think the answer is clear.

If Hillary wins the Dem primary, Montanans will vote for whoever is running against her. John Edwards is the only Dem on that list that would have a prayer in MT.

I thought this link might be interesting for Montanans in the Republican party as it is a Montana website for Mitt Romney, it is:
http://montanansformitt.com.westernromancecompany.com/ Check it out.

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