Mitt Romney Claims He's a Job Creator...Record Shows He's a Job Cutter
Mitt Romney defended his record at Bain Capital and claimed that "overall, in those hundred businesses we invested in, tens of thousands of jobs -- net/net -- were created. Romney also pushed back at criticisms of his record on job creation while Governor of Massachusetts.
There's an extensive article at Bloomberg on Romney's record at Bain which would beg to differ with that assumption -- Romney as Job Creator Clashes with Bain Record of Job Cuts.
From the article, it seems one of his former directors made that same claim, but supplied no numbers to back it up.
Preserved Jobs
Geoffrey Rehnert, a former managing director at Bain who worked for the firm until 1999, said that while Bain was focused on making money, its strategy was to create businesses that created jobs. Rehnert, who is now co-chief executive officer with Wolpow at Audax, said he’s “certain that Bain Capital was a net creator of jobs by a wide margin,” while he had no data to support that. At a minimum, Wolpow said, Bain helped preserve jobs that otherwise might have been lost.
Bain and the campaign didn’t respond to requests for job creation estimates.
A Bloomberg News review of several Bain deals during Romney’s tenure showed that workers in some firms had indications their jobs might be in jeopardy soon after Bain moved into management. In other cases, pink slips arrived after Bain and its investors had collected their profits and left debts behind.
Interviews with former employees and executives at Bain and companies it controlled, along with a review of Bain’s activities described in public documents and news accounts, paint a picture of an operation that wasn’t focused on expanding employment. Instead, Bain’s mission, like most private equity firms, was to generate gains for its investors.
Think Progress has more on Romney's record on job creation while he was Governor -- Romney Gives Obama A Failing Grade, But Massachusetts Ranked 47th In Job Growth While He Was Governor:
Former Massachusetts Gov. Mitt Romney (R) is focusing the early part of his presidential campaign on the economy, slamming Obama’s performance while touting himself as an experienced job creator. But while he assigns Obama a failing grade on his job performance thus far, reports from his time as governor show that Romney’s record as a job creator isn’t as strong as he would like voters to think.
Massachusetts, which Romney governed from 2003-2007, ranked 47th among the 50 states in job creation numbers during his tenure. [...]
What Romney leaves out of his stump speech, however, is just how bad his state’s job creation statistics were during his four years as governor. Different job creation studies rank Massachusetts in the bottom four states during Romney’s administration. A study by the independent think tank MassINC ranked the state 49th in job creation from 2001-2007, ahead of only Michigan. And according to the U.S. Department of Labor, Massachusetts ranked 47th, ahead of only Michigan, Ohio, and Louisiana. Michigan and Ohio, both located in the Rust Belt, faced heavy job losses due to the flight of manufacturing jobs from the Midwest. Louisiana, meanwhile, lost hundreds of thousands of jobs in the aftermath of Hurricane Katrina in 2005.
During Romney’s period as governor, Massachusetts’ job growth was just 0.9 percent, well behind other high-wage, high-skill economies in New York (2.7), California (4.7), and North Carolina (7.6). The national average, meanwhile, was better than 5 percent.





"But Massachusetts Ranked 47th"
Ranking 47th of the world is not that bad.
Er....
Alerta_Alerta.
Wodan Heerst
How can this idiot say that with a straight face considering that Bain Capital was all about was dismantling corporations and shipping jobs overseas? Jesus, doesn't he know that there is an actual record that can be exposed?
It you have ever been involved with one of these venture capital companies coming in you have little doubt that Mitt is making shit up when he says there is anything like net job creation.
Why do I despise these people?
The money Gods see employees as a liability on the balance sheet and with few exceptions that is how they view them and how they treat them. That must change. There is more to life than ever rising profit.
he's a liar- a lengh of feces clogged large instestine just ready to burst
Duncan Hunter why he sent jobs over seas.
Pattern? I think so, how about you?
Republican = Lies and Denial.
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
Mitt Romney is a multi-millionaire and thus by definition a "job creator", aren't you people paying attention?
job creators....
through the powers of our very existence....
This is the word salad, separate reality that they are creating. It's not an accident. Soooo many people are buying it too.
It, for me is more proof that they worship, and I use that word with full intent, worship the wealthy.
It's rather embarrassing watching them bow down to big money as our Gods and saviors. They so want to be in the club don't they?
He created lots of jobs - in China, India, Mexico.............
If I were a psychopath, I would join the republican party, and get in on the gravy train taking the Teabircher morons to the cleaners.
Another sewer rat , that's all .
"The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all."
Bush was suppose to be our MBA president who ran 2 businesses (into the ground). He didn't work out so well for our economy. The only businessman I would trust is an accountant and not one from Arthur Andersen either.
Well we can just dedicate this wonderful site to watching all the Republican stooges run against our stooge. Or we can actually comment on reality....
Now they got Rick Perry who received the go ahead from the Lord to straighten this mess out (where was the lord when Perry worked for Gore in Texas?) ("Rick Perry Was Al Gore’s Texas Campaign Chairman in 1988". Enviroknow.com. 2011-06-23. Retrieved 2011-08-13).
All these guys and gals have the charm of a lounge lizard at last call. If they get elected, they do it through propaganda, fraud and fooling the fools. Besides we are about to have a new branch of government called the cabal of 13 or super congress.....this is like the board of directors for the new american century club---and we are not invited to this inauguration.
bys1955
Over how much bullshit you can pack into an Armani suit.
Mitt Romney has "created" jobs devoted to human trafficking with Aspen Education Group through Bain capital. Bain capital, his company, owns AEG.
http://en.wikipedia.org/wiki/Aspen_Education_...
AEG abducts and incarcerates people for money, in the fashion discussed in these articles:
http://www.dailymotion.com/video/xazrfp_teen-...
http://prospect.org/cs/articles?article=getti...
AEG uses Reputation Defender and P.R. services to neutralize the effects of victim grievance.
http://ficanetwork.blogspot.com/search/label/...
After abduction, AEG forces ritual sexual abuse on prisoners
http://www.time.com/time/health/article/0,859...
AEG is a CEDU clone. CEDU is a Synanon clone, all one cult, operating under different names with different leaders.
Here's some about CEDU:
http://www.heal-online.org/cedu.htm
Here's a chart that links CEDU to Synanon
http://motherjones.com/politics/2007/08/cult-...
The rituals described in Time originate in Scientology, were made more horrific by Wasserman, forced on prisoners at CEDU, and now forced on AEG prisoners by Tim Brace, Rudy Bentz, among others, and the basic CEDU thought reform model installed at all AEG prisons.
Some CEDU torturers who brought CEDU to AEG.
are listed at these sites:
http://www.heal-online.org/copper.htm
http://www.heal-online.org/mtbach.htm
http://www.fornits.com/wwf/viewtopic.php?f=11...
http://liamscheff.com/surviving-cedu/?p=243
Read about AEG abuse at the following links:
http://www.heal-online.org/search.htm?cx=0181...
Skim through the trolls and shills to find links to articles:
http://wiki.fornits.com/index.php?title=Categ...
This thread deals with one AEG cult subset and extrajudicial prison, Island View Residential Treatment Center, formerly Island View Academy
http://www.reddit.com/r/troubledteens/comment...
AEG 's gone on record that despite its selling itself as "residential treatment" it does not provide treatment for drug or mental health disorders
http://www.fornits.com/wwf/viewtopic.php?f=48...
AEG is currently the most deadly cultic prisons.
http://www.fornits.com/wwf/viewtopic.php?f=48...
AEG is dealing with a major lawsuit now
http://www.ktvz.com/news/28465410/detail.html
Further investigation can be done through this organization
http://www.heal-online.org/childtortureusa.htm
Anyone at Crooks and Liars interested in such an investigation?
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