Guess how many jobs Mitt Romney has created (user search)
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  Guess how many jobs Mitt Romney has created (search mode)
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Poll
Question: Guess how many jobs Mitt Romney has created
#1
1 million or more
 
#2
500,000-1 million
 
#3
100,000-500,000
 
#4
10,000-100,000
 
#5
1,000-10,000
 
#6
100-1,000
 
#7
1-100
 
#8
0
 
#9
Net job loss
 
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Partisan results

Total Voters: 64

Author Topic: Guess how many jobs Mitt Romney has created  (Read 3092 times)
True Federalist (진정한 연방 주의자)
Ernest
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Posts: 42,156
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« on: May 29, 2012, 11:06:33 PM »

But the point is, that still doesn't amount to a net job loss.

And sure, Staples made autonomous decisions without Romney. But it had ONE store before Bain put money into the company. "That was easy" wouldn't mean much if there was only one Staples location. I mean... maybe Staples could have flourished on its own--but Romney and co. certainly sped up that process. The way history played out, Bain was THE catalyst behind what Staples is today.

Did you ever consider that if there had been no Bain, some other venture capital firm would have invested in Staples or one of the other successes attributed to Bain?  And then lets not forget the jobs that were lost whenever Staples or some other big-box store came into town and killed off one or two mom-and-pop stores in the same market segment?

Yeah, Romney was a successful venture capitalist, but the claims that he created jobs instead of merely shifted jobs to companies Bain invested in are rather dubious, especially in the retail sector.  To be fair, they are same sort of job-creation claims that politicians and businesses like to promote all the time.
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True Federalist (진정한 연방 주의자)
Ernest
Moderators
Atlas Legend
*****
Posts: 42,156
United States


« Reply #1 on: May 29, 2012, 11:45:14 PM »

Nah.  I'm not saying you have to consider what Bain did with jobs to be a total wash, wormy.  But any fair assessment of job creation has to take account of job losses in the businesses were outcompeted by the companies Bain invested in while Romney was at its helm.  After all, its not as if Staples opening a big box store increased the demand in office supplies.
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