Romney’s Shaky Job Claims - FactCheck

[rdean]

According to employment data from the Bureau of Labor Statistics, employment under Romney’s governorship went from 3,224,600 to 3,270,400. That’s an additional 45,800 jobs.

In a Time magazine interview on Dec. 21, Romney said:

Romney, Dec. 21: And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. We created over 100,000 jobs.

He repeated the claim in a Jan. 3 appearance on Fox News’ “Fox and Friends,” but that time said he “helped” create them.

Romney, Jan. 3: And I’m very happy in my former life; we helped create over 100,000 new jobs.

Determining who gets credit for how many jobs is challenging, to say the least.

Bain managers told the Los Angeles Times that they weren’t focused on creating jobs; they were trying to make money.

Unlike Obama, Romney took office during an economic uptick. Massachusetts had a net job growth of 1.4 percent under Romney. However, that was far slower growth than the national average of 5.3 percent. As Romney’s opponents have frequently, and correctly, noted, Massachusetts ranked 47th in job growth over the entirety of Romney’s term. The only states that did worse: Louisiana, Michigan and Ohio. (That means even Mississippi and South Carolina did better. Pretty pathetic. No wonder he didn't run again.)

The job slump continued for Obama’s first full year in office and finally hit bottom in February 2010. Since that bottom, the nation has added nearly 2.7 million jobs.

-------------------------------------------------

Should be interesting. One refusing to defend his great record, believing that Americans will find out the truth. The other outright lying.

 

[California Girl]

All businesses focus on making money. Just so you know... that's kinda the point. Cuz businesses that don't make money... they go bust.

Idiot.

I guess it must suck to have a candidate who has actual real business experience.... if you're a fucking idiot.

 

[JoeB131]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

 

[Valerie]

Romney is a turnaround specialist...

BOSTON — Too much debt. Too much money being spent paying interest on that debt. Unsustainable.

It may sound like the national budget today, but the crisis was Bain & Company in the early 1990s. The Boston consulting firm was in deep trouble. Workers and clients were starting to jump ship. Mitt Romney was called in to save the day.

“There’s nobody that I can conceive of who could have come into that fractious situation, and pull that together,” said Clay Christensen, a former Romney colleague who’s now a professor at Harvard Business School.

Romney’s Bain Years: Turnaround Specialist-In-Chief | WBUR

 

[Charles_Main]

According to employment data from the Bureau of Labor Statistics, employment under Romney’s governorship went from 3,224,600 to 3,270,400. That’s an additional 45,800 jobs.

In a Time magazine interview on Dec. 21, Romney said:

Romney, Dec. 21: And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. We created over 100,000 jobs.

He repeated the claim in a Jan. 3 appearance on Fox News’ “Fox and Friends,” but that time said he “helped” create them.

Romney, Jan. 3: And I’m very happy in my former life; we helped create over 100,000 new jobs.

Determining who gets credit for how many jobs is challenging, to say the least.

Bain managers told the Los Angeles Times that they weren’t focused on creating jobs; they were trying to make money.

Unlike Obama, Romney took office during an economic uptick. Massachusetts had a net job growth of 1.4 percent under Romney. However, that was far slower growth than the national average of 5.3 percent. As Romney’s opponents have frequently, and correctly, noted, Massachusetts ranked 47th in job growth over the entirety of Romney’s term. The only states that did worse: Louisiana, Michigan and Ohio. (That means even Mississippi and South Carolina did better. Pretty pathetic. No wonder he didn't run again.)

The job slump continued for Obama’s first full year in office and finally hit bottom in February 2010. Since that bottom, the nation has added nearly 2.7 million jobs.

-------------------------------------------------

Should be interesting. One refusing to defend his great record, believing that Americans will find out the truth. The other outright lying.

This from a Group of people that Accept Obama's so called saved or Created Jobs numbers with out question.

 

[whitehall]

Geez, imagine that, businesses are in it for the money. Stalin must be rolling over in his grave.

 

[Charles_Main]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

Bain didn't Destroy companies moron. It bought Failing Companies. Some it saved some it didn't.

You guys may succeed in Convincing enough Americans that your Lies are the Truth to get Obama Elected, But that will never change the fact that you are a dishonest piece of Garbage.

 

[Valerie]

On the surface, Romney’s team did what other management consultants did. They’d look at a company, go through its books, find out everything they could about it and its industry. They’d even count cars in the parking lot of competitors to figure out how many people worked there. Rehnert says Romney was ruthlessly data-driven.

“Dive into the detail,” Rehnert remembered of Romney’s capability, “to the point of building models, reading legal documents, drawing slides, taking notes, and then he could zoom right back up to 50,000 feet and look down and see the big picture.”

And then decide what to do. What made Romney a millionaire hundreds of times over was the fact that Bain Capital owned these companies. The venture wasn’t simply a consulting firm that wrote a report with a list of recommendations, hoping the client company would follow through. It made the company follow through.

“He’s a very self-confident problem-solver and deal-maker, too,” said Walter Kiechel, who wrote a book on management consulting, “The Lords of Strategy.” He says at the time Romney was running things, the American corporate landscape was ripe for improvement. A lot of companies were basically coasting. They were not focused, and they were poorly managed.

“One of the most common problems was that companies didn’t really understand their own costs,” Kiechel said, “as surprising as that may sound.”

 

[JoeB131]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

Bain didn't Destroy companies moron. It bought Failing Companies. Some it saved some it didn't.

You guys may succeed in Convincing enough Americans that your Lies are the Truth to get Obama Elected, But that will never change the fact that you are a dishonest piece of Garbage.

Romney is self-destructing very nicely on his own, thank you. From stuffing money in Cayman Island bank accounts to saying brain-dead things like "I like to fire people", he's doing half of Obama's work for him.

Look, isn't it odd that all these people lost their jobs, and Romney and his Douchey friends still managed to make money off the deal. That's the appearance. Then he's paying less tax than someone who works a 9-5 somewhere...

Honestly, this is like that movie "The Producers" where they try to get the worst play, the worst actor and the worst director they can find.

 

[LordBrownTrout]

Geez, imagine that, businesses are in it for the money. Stalin must be rolling over in his grave.

I know. Its a wild concept isn't it?

 

[NYcarbineer]

All businesses focus on making money. Just so you know... that's kinda the point. Cuz businesses that don't make money... they go bust.

Idiot.

I guess it must suck to have a candidate who has actual real business experience.... if you're a fucking idiot.

Then Romney shouldn't be citing his business experience when he's trying to portray himself as a job creator.

 

[del]

successful businesses create jobs!?!?!?!?

stop the fucking presses

 

[g5000]

According to employment data from the Bureau of Labor Statistics, employment under Romney’s governorship went from 3,224,600 to 3,270,400. That’s an additional 45,800 jobs.

Okay. That's his experience in the public sector. Not to be confused with his experience in the private sector:

In a Time magazine interview on Dec. 21, Romney said:

Romney, Dec. 21: And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. We created over 100,000 jobs.

He repeated the claim in a Jan. 3 appearance on Fox News’ “Fox and Friends,” but that time said he “helped” create them.

Romney, Jan. 3: And I’m very happy in my former life; we helped create over 100,000 new jobs.

That is probably a fairly accurate claim. His company helped launch Staples, among other companies. Staples alone has a workforce of 84,000.

Unlike Obama, Romney took office during an economic uptick. Massachusetts had a net job growth of 1.4 percent under Romney. However, that was far slower growth than the national average of 5.3 percent. As Romney’s opponents have frequently, and correctly, noted, Massachusetts ranked 47th in job growth over the entirety of Romney’s term.

Probably because of RomneyCare. Health care costs in Massachusetts skyrocketed as a result of it. They also had/have one of the highest tax rates in the country. That's why people there call it Taxachusetts.

The job slump continued for Obama’s first full year in office and finally hit bottom in February 2010. Since that bottom, the nation has added nearly 2.7 million jobs.

Romney should take a page from Obama's playbook and say something like, "I helped save three trillion jobs!"

 

[California Girl]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

He is a jobs creator. Anyone who's run a business that employs people is a 'jobs creator'. However, even more so when your business is investing in companies in order to grow them. Companies grow, they employ more people. Pretty basic stuff really.

Your bullshit about 'quality of the jobs' is meaningless. You clearly have read some half assed blog from some idiot left wing fool who has no idea of how business functions or how the economy works. Repeating bullshit is really not helping your 'intellectual' capacity.

 

[California Girl]

And yet, we also have economist and statisticians who say the 100k is not only realistic, it could well be an underestimate.... it all depends on how one measures it. And, generally speaking, I tend to rely on non partisan, rational, thoughtful opinions rather than the government's agencies.

Call me skeptical if you will.... but, history shows us that government agencies are not the most reliable source for straightforward, unspun, information. I don't know why that is. *Snickers*

 

[Nunz]

According to employment data from the Bureau of Labor Statistics, employment under Romney’s governorship went from 3,224,600 to 3,270,400. That’s an additional 45,800 jobs.

In a Time magazine interview on Dec. 21, Romney said:

Romney, Dec. 21: And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. We created over 100,000 jobs.

He repeated the claim in a Jan. 3 appearance on Fox News’ “Fox and Friends,” but that time said he “helped” create them.

Romney, Jan. 3: And I’m very happy in my former life; we helped create over 100,000 new jobs.

Determining who gets credit for how many jobs is challenging, to say the least.

Bain managers told the Los Angeles Times that they weren’t focused on creating jobs; they were trying to make money.

Unlike Obama, Romney took office during an economic uptick. Massachusetts had a net job growth of 1.4 percent under Romney. However, that was far slower growth than the national average of 5.3 percent. As Romney’s opponents have frequently, and correctly, noted, Massachusetts ranked 47th in job growth over the entirety of Romney’s term. The only states that did worse: Louisiana, Michigan and Ohio. (That means even Mississippi and South Carolina did better. Pretty pathetic. No wonder he didn't run again.)

The job slump continued for Obama’s first full year in office and finally hit bottom in February 2010. Since that bottom, the nation has added nearly 2.7 million jobs.

-------------------------------------------------

Should be interesting. One refusing to defend his great record, believing that Americans will find out the truth. The other outright lying.

You do realize that you're comparing apples, and oranges, right?

One, is job creation as governor; the other, is job creation in the private sector.

 

[JoeB131]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

He is a jobs creator. Anyone who's run a business that employs people is a 'jobs creator'. However, even more so when your business is investing in companies in order to grow them. Companies grow, they employ more people. Pretty basic stuff really.

Your bullshit about 'quality of the jobs' is meaningless. You clearly have read some half assed blog from some idiot left wing fool who has no idea of how business functions or how the economy works. Repeating bullshit is really not helping your 'intellectual' capacity.

Yawn.... It gets your panties in a bunch, though.

Again, I'm not making an argument in a business adminstration class. I'm stating what it's going to look like to a bunch of working Joe's who've been battered by these "masters of the universe" for the last decade and all their schemes.

Whether it's valid or not is a matter of opinion. I'm honestly sick of the "we know business better than you do" shit from people who've brought us three major recessions in the last two decades. I just know that it ain't gonna play well, Mr Caymans Account trying to claim he created McJobs.

Hey, new name for Romney. The "McJobs Creators".

 

[California Girl]

BUt he's not running on the "I made a bunch of money for Rich Douchebags" platform.

He's running on the "I'm a Job Creator* (*If you consider destroying good paying union jobs and replacing them with min wage McJobs at Staples and Dominos)" Platform.

That's what he's going with.

So the quality of the jobs he created and the number of jobs he destroyed REALLY are valid topics of discussion.

He is a jobs creator. Anyone who's run a business that employs people is a 'jobs creator'. However, even more so when your business is investing in companies in order to grow them. Companies grow, they employ more people. Pretty basic stuff really.

Your bullshit about 'quality of the jobs' is meaningless. You clearly have read some half assed blog from some idiot left wing fool who has no idea of how business functions or how the economy works. Repeating bullshit is really not helping your 'intellectual' capacity.

Yawn.... It gets your panties in a bunch, though.

Again, I'm not making an argument in a business adminstration class. I'm stating what it's going to look like to a bunch of working Joe's who've been battered by these "masters of the universe" for the last decade and all their schemes.

Whether it's valid or not is a matter of opinion. I'm honestly sick of the "we know business better than you do" shit from people who've brought us three major recessions in the last two decades. I just know that it ain't gonna play well, Mr Caymans Account trying to claim he created McJobs.

Hey, new name for Romney. The "McJobs Creators".

You being an idiot does not only not get my panties in a bunch, it is meaningless drivel. You can claim it from now until hell freezes over, but it won't make it any truer than your claim that Romney 'likes to fire people'. Demonstrates your complete lack of honesty... nothing more.

Romney - by the very nature of his experience - has created more jobs than most of our politicians. Why? Because he worked in business... and, more importantly, he worked in an industry that creates real jobs. By real jobs, I mean private sector, adding value to the economy jobs. Public sector jobs do not - by their very nature - add significant value to the economy. Without a strong private sector, the public sector suffers - because there is no money to pay them. You get that part right? Without taxes, we cannot afford the public sector. That is why the private sector must drive the recovery... if you want a great example of what happens when you drive a false recovery through creating public sector jobs - take a look at Europe.

 

[Ravi]

"I made a bunch of money for Rich Douchebags"



Too bad he's too dishonest to run on that.

 

[JoeB131]

You being an idiot does not only not get my panties in a bunch, it is meaningless drivel. You can claim it from now until hell freezes over, but it won't make it any truer than your claim that Romney 'likes to fire people'. Demonstrates your complete lack of honesty... nothing more.

Romney - by the very nature of his experience - has created more jobs than most of our politicians. Why? Because he worked in business... and, more importantly, he worked in an industry that creates real jobs. By real jobs, I mean private sector, adding value to the economy jobs. Public sector jobs do not - by their very nature - add significant value to the economy. Without a strong private sector, the public sector suffers - because there is no money to pay them. You get that part right? Without taxes, we cannot afford the public sector. That is why the private sector must drive the recovery... if you want a great example of what happens when you drive a false recovery through creating public sector jobs - take a look at Europe.

You suffer from the mental retardation that investors create jobs.

Bullshit.

Consumer demand creates jobs. Investors just correctly guess which demands can be provided profitably. Sometimes they create them with clever advertising and other manipulation. And government creates jobs for demands that aren't profitable, but still needed.

What creates a strong country is a strong middle class. So when a mutant like Romney gets out there and destroys good middle class jobs through corporate raiding, outsourcing or union busting (all three of which he's done) the fact he replaced them with McJobs doesn't help matters, it makes them worse.

We have seen the greatest transfer of wealth from the middle class to the wealthy in the last four decades, and it isn't a good thing.