I’ve gone through great pains here at Save Jersey to help explain “venture capitalism” and its importance to our nation’s past and future prosperity.
I don’t know why I was worried! Apparently, President Obama’s Bain Capital attack ads launched against Mitt Romney are falling on deaf ears for a reason.
A new national poll from the New Jersey-based Monmouth University Polling Institute reveals overall positive attitudes among American voters towards venture capital:
About two-thirds of voters have heard about venture capital or private equity firms. TheMonmouth University Poll finds that 42% of American voters familiar with the industry feel these firms are good for the nation’s economy compared to just 22% who say they are bad. Another 16% say they have no economic impact and 20% have no opinion. In the area of jobs – which has been the major thrust of attacks on Romney’s Bain connection – 36% say these firms tend to create jobs compared to 21% who say they eliminate jobs. Another 22% say they have no impact on jobs and 21% have no opinion. Among the 1-in-6 voters who report knowing a “great deal” about venture capital, 49% say these firms create jobs compared to 28% who say they eliminate jobs.”
Patrick Murray, director of the Monmouth University Polling Institute, observed how “[f]or most American voters, venture capital is not a dirty word. That means the Obama campaign has to walk a fine line between attacking Romney’s individual record and impugning an industry which many voters view positively.”
I really hope you’re reading this, Mayor Booker.
The 16% who believe private capital has no impact are the ones who really confuse me. Where do they think new ideas come from? Public capital? Hahahaha!
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