This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Why Wall Street Loves Mitt Romney: Q&A With THL Partners' Scott Sperling

NEW YORK (TheStreet) - Scott Sperling, a vocal Obama-to-Romney switcher and co-president of buyout giant THL Partners says Mitt Romney's principles of lowering tax rates and his experience as a private equity executive are reason for a party switch.

Sperling has given governor Romney nearly $60,000.00 through contributions to the Republican National Committee and to the Restore Our Future political action committee, according to Opensecrets.

In the 2008 election cycle, Sperling was a donor to Democratic causes, the data reveals.

Instead of dwelling on the assumptions and calculations in Romney's budget -- which have received criticism as lacking detail from Democrats and even some respected Republicans -- Sperling is in strong support of Romney's growth oriented values and skills and believes they are key to a budget balance.

Growth, Sperling says, will allow Romney to lower overall tax rates without forcing tax cuts on the middle class, an accusation leveled by Democrats and many budget experts on Romney's fiscal plan. In fact, Sperling is skeptical that candidates can be scored on their budget proposals in an accurate, non-partisan manner.

See Scott Sperling speak about how THL Partners, Bain Capital and The Carlyle Group drove a top and bottom line earnings recovery at Dunkin' Brands (DNKN), the parent of Dunkin' Donuts.

Sperling's focus the stabilizing impact of economic growth differs from a narrative more tilted towards deficits and debt that's taken hold on the campaign trail and will likely be a centerpiece of presidential debates, which start in early October. It is Romney's experience of reigniting growth at companies in distress that Sperling also sees as another key selling point.

Below are some answers from TheStreet's interview with Sperling.

TheStreet: How do you see the Romney campaign with under 50 days to election day?

Scott Sperling: I think the debates are going to be very important because I don't think the true picture of Mitt Romney has gotten out to the public in many ways, which is pretty astounding. The Obama campaign is run by some really effective professionals and they've done an amazing job trying to define Mitt early on and it's hard to break through that.

TheStreet: What do you see as the strongest economic points of the Romney campaign?

Sperling: I think the most important thing for this country right now is jobs, which is largely dependent on economic growth and the ability to get out of this really horrible cycle that we've been in with approximately 15% unemployment and 47 million people on food stamps. That's bad for people, and that's bad for psychology because it exacerbates the problem we have with budget deficits and government's ability to help the people who need the most help.

If we want to deal with those issues, we need to have economic growth. A 100 basis point swing in GDP growth is a three to four billion dollar impact on the projected budget deficit over the course of 10 years, which is more than anything president Obama's campaign is talking about. If we end up at this 1.5%-to-2% growth rut that we've been in, then we are going to have real significant problems.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs