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The King of Bain - When Mitt Romney Came to Town

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Author Topic: The King of Bain - When Mitt Romney Came to Town  (Read 3645 times)
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Howey
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« Reply #30 on: January 20, 2012, 09:30:17 am »

Obama reorganization plan for GM, which led to 21,000 workers losing their jobs. 

For someone who professes to be smart, you ain't.

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Fulton credits the faster pace to Michigan's auto industry, which created 25,000 jobs this year and 19,000 in 2010.


See? That's the 21k back plus some more. Why won't you give Obama credit?

Now, do you think that was a mistake, just not as big as Romney's firing of workers when reorganizing their companies (and I'd like to know if Romney got anywhere near firing 21,000 workers)?  Or... do you think Obama's reorganization of GM, including the firing of those workers, were vital to saving the company?

a. Romney's actions were not to create jobs, they were to destroy jobs by restructuring companies. And, mostly, weren't effective.

b. Romney, in his own words, has stated he was in the business to make money. Not jobs.

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Romney’s mission was to deliver high returns to his investors. He wasn’t running a charity ward. He wasn’t some do-gooder who spent every waking hour thinking of the jobs he’d create, of the lives he’d transform. His job was to make money, not create jobs. By all accounts, he was very successful.

But the fact remains that businesses aren’t job creators; they are profit maximizers. The two goals are very different.

Romney is a product of Harvard Business School. There are no classes at Harvard in “job creation.” Harvard MBAs are taught to rigorously analyze all aspects of business success, putting in place a good plan and good management. They learn that modern business is primarily about two things: finding a market and controlling costs.

For businesses, jobs effectively are a necessary evil. Jobs represent a cost, which must be minimized. Of course, the business must hire some people to produce its goods and services, but the focus is always on profit. If it’s profitable to hire more workers, then the business will hire more workers. If it’s profitable to fire workers, then most businesses will fire workers.


Soo....ya see lilSweetcheeks: Romney didn't care about the jobs or the little guy, he cared about the money. Obama, by restructuring GM, managed to restore the jobs lost plus thousands more and GM made a shitload of money on top of that.

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