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Romney will end the job loss? Set the economy back on track? Seriously?

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Does anyone believe that?

Read the transcript for the picture above, below and after you have, can you tell me you believe that Romney can save the economy with a straight face?

According to Romney:

"They've been able to put American businesses out of business and kill American Jobs. If I'm president of United States, that's going to end." - Mitt Romney

Looks like Romney likes to attack this current admistraton on jobs. Yet, Romney spent 15 years outsourcing jobs to other countries when he ran Bain. - me

According to "The Washington Post":

During the 15 years Romney actively ran Bain, it owned companies that were "pioneers in the practice of shipping work from the United States."- 6/22/2012 - The Washington Post

According to me:

Romney seems to have contradicted himself with what he has been quoted with above. I couldn't see how anyone could feel any safer at night with what is know about Romney and what he has done in the past concerning jobs.

The economy is in real danger if we elect this man to be the next president of the United States. We need to continue to build America's economy back up and and that will not be by shipping jobs offshore and electing Romney.

After reading this do you believe Romney can end job loss? I mean facts are facts
 
Shutter_Label said:
View attachment 67130041


Does anyone believe that?

Read the transcript for the picture above, below and after you have, can you tell me you believe that Romney can save the economy with a straight face?

According to Romney:

"They've been able to put American businesses out of business and kill American Jobs. If I'm president of United States, that's going to end." - Mitt Romney

Looks like Romney likes to attack this current admistraton on jobs. Yet, Romney spent 15 years outsourcing jobs to other countries when he ran Bain. - me

According to "The Washington Post":

During the 15 years Romney actively ran Bain, it owned companies that were "pioneers in the practice of shipping work from the United States."- 6/22/2012 - The Washington Post

According to me:

Romney seems to have contradicted himself with what he has been quoted with above. I couldn't see how anyone could feel any safer at night with what is know about Romney and what he has done in the past concerning jobs.

The economy is in real danger if we elect this man to be the next president of the United States. We need to continue to build America's economy back up and and that will not be by shipping jobs offshore and electing Romney.

After reading this do you believe Romney can end job loss? I mean facts are facts
Click to expand...

After reading this I think you need to link.
 
Bronson said:
If the Supremes don't kick Obamacare to the dustbin of history then Romney has indicated he will

It's a good start to clean up the mess that Democrats have been leaving us since 2007.

Obamacare's Harmful Impact on Small Businesses - YouTube
Click to expand...

Why, yes. Who better to get rid of Romneycare II (renamed Obamacare) than Romney. As for his creating jobs, expect him to be about as effective as Herbert Hoover.
 
I think Romney will be a better president for creating wealth among the already wealthy. However IMHO wall street success doesn't necessarily equate to main street success. Wealth can be created for the wealthy by moving what were American jobs overseas. And while governor of MA, Romney outsourced call center jobs for the state government to India so there is precedent on his approach to American employment vs maximizing the net revenue the employer has.
 
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Shutter_Label said:
Does anyone believe that?

Read the transcript for the picture above, below and after you have, can you tell me you believe that Romney can save the economy with a straight face?

According to Romney:

"They've been able to put American businesses out of business and kill American Jobs. If I'm president of United States, that's going to end." - Mitt Romney

Looks like Romney likes to attack this current admistraton on jobs. Yet, Romney spent 15 years outsourcing jobs to other countries when he ran Bain. - me

According to "The Washington Post":

During the 15 years Romney actively ran Bain, it owned companies that were "pioneers in the practice of shipping work from the United States."- 6/22/2012 - The Washington Post

According to me:

Romney seems to have contradicted himself with what he has been quoted with above. I couldn't see how anyone could feel any safer at night with what is know about Romney and what he has done in the past concerning jobs.

The economy is in real danger if we elect this man to be the next president of the United States. We need to continue to build America's economy back up and and that will not be by shipping jobs offshore and electing Romney.

After reading this do you believe Romney can end job loss? I mean facts are facts
Click to expand...

I really don't see how anyone could do worse than what we got.
 
Smeagol said:
I think Romney will be a better president for creating wealth among the already wealthy. However IMHO wall street success doesn't necessarily equate to main street success. Wealth can be created for the wealthy by moving what were American jobs overseas. And while governor of MA, Romney outsourced call center jobs for the state government to India so there is precedent on his approach to American employment vs maximizing the net revenue the employer has.
Click to expand...

There is no problem with outsourcing Government workers.
 
Prof. Peabody said:
There is no problem with outsourcing Government workers.
Click to expand...

IMHO there are pros and cons. The pros are it saves the government and by extension the tax-payers money. On the other hand if you outsource jobs to India, which is what Gov. Romney did, that means Americans who needs jobs are being undercut by their own elected officials.

In India getting $10,000 a year job answering phones is balling. The President of India's salary is about $35,000 a year. President and Vice President of India Salary | Maratechnology.com

I don't want to get too much on a tangent but things costs way more in the US than in the third world. I have a friend who was looking into buy a vacation home in South Africa, where his ex-wife is from. A really nice middle-class home in South Africa is about $20,000. Something on par with a $150k home in America. Right now the world is in the middle of transitioning to a more global economy. Americans are at a disadvantage because the cost of living in America is exponentially higher than the cost of living in other parts of the world where we are now competing in the global job market. As it relates to government workers, we have IMHO 2 approaches. We can save the tax-payers as much as possible and see civil servant employees as financial liabilities who are expendable. Alternately we can prioritize the US employment situation and use American workers even at a higher cost with the understanding that when they get paid they will shop at local businesses, pay their mortgages, buy cars and contribute to the overall financial health of the domestic economy. Meanwhile we patiently wait for the US cost of living to decline, housing costs to drop, etc. while the third world cost of living increases and we're all living an an economy where $20,000 a year is a decent salary to live on.

The rich who own stock portfolios are going to be REALLY paid. President Bush's idea to transition to stock holdings from Social Security was the best plan ever to help average Americans to be among with world's wealthy but the Democrats ruined that opportunity. Revelation 6:6
 
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When Romney was at Bain, he also created over 100,000 jobs, and created/kept alive numerous companies the likes of Staples, Sports Authority, Sealey, Guitar Center, Dominos Pizza, Dunkin Donuts, etc. Bain did so well that they were even able to charge higher rates for services than other companies in that very industry. He even did so well at Bain that they still pay him for deals that he isn't even involved in making. This distortion of Bain's business and Romney's record at Bain is absolutely ridiculous. The guy had a 80%-20% success rate at turning around failing companies when that's usually reversed... Yet the big press was because there was an Ampad factory that closed in SC from a mill that was moved from Kansas City to SC after Romney had already left Bain... Big deal... Many companies fail... and this one already was before Romney got inolved... in fact, Romney kept them alive for like 8 years longer than they would've if he didn't...

He also took this record of creating jobs in the private sector to government services as well. As Governor Romney took over for a state that was bleeding jobs and people to other states, like the Southern and Southwestern states where massive cheap developments blossomed under the housing boom, or neighboring tax free New Hampshire that had been doing an extremely good job building up the cities of Nashua and Manchester based off their proximity to Boston, and the expansion of Manchester Airport. However, Romney was able to turn those numbers around, creating over 20K jobs per year (one of only 2 states in the US to do that over that same period) for a net gain of 87K jobs during his time in office, and lifted MA from being 50th in job creation when he came in to 36th in job creation in his final year in office. He dropped unemployment from 5.6% to 4.7% and was below the national average. He even did that, despite the fact that he was cutting government jobs to consolidate resources to help close a $3B budget shortfall when he entered office, which he did and turned it into a $2B rainy day fund at the end of his 2nd year. He was personally involved with several deals to create those jobs, too. Including convincing 3M to build a plant here in MA, and working with Senators Kerry and Kennedy to convert Hanscom and Otis AFBs over to research and surveillance bases rather than being completely shut down after the servicemen were pulled out.

Mitt Romney is an expert at fixing bad economies, and these awful ads which grossly suggest otherwise are just moronic, and expose the true nature of Obama's politics. The people aren't buying it, either. They know Romney fixed bad companies in the private sector, they know Romney saved the Olympics, they're learning that Romney turned a $3B deficit into a $2B surplus... and they know Obama turned $10T in debt into $16T in debt, promised to balance the budget but instead created a sustained deficit of over $1T, and promised to not have unemployment go over 8% if they got ARRA signed (which they did) and instead unemployment is still not below 8%... Mitt Romney has created more jobs than Obama...
 
"80% to 20% success rate..."

Average being 50%.

Meh...
 
Gimmesometruth said:
"80% to 20% success rate..."

Average being 50%.

Meh...
Click to expand...

Average? LMFAO...

That average is that 50% of businesses fail within the first 5 years... although there are studies that show as low as 40% or as high as 90% of businesses fail within the first five years...

Research on Small Businesses - start-ups, statistics, SBA, bankruptcy, GEM, failure, business closures, developing countries
Startup Failure Rates — The REAL Numbers
Why Small Businesses Fail: Top 7 Reasons Startups Fail and How to Avoid Failure
(and keep in mind those are sites that are encouraging new business development)

However... the success rate for private equity companies making an exit from their investment in the first 5 years averages in the rang of 11%-37%, usually around 20%... Even successful private equity firms struggle to get over 50% success rate... Bain, under Romney, was averaging success rates from 50%-80%...
 
Luna Tick said:
Why, yes. Who better to get rid of Romneycare II (renamed Obamacare) than Romney. As for his creating jobs, expect him to be about as effective as Herbert Hoover.
Click to expand...

He'll be more effective than Obama.
 
Bronson said:
If the Supremes don't kick Obamacare to the dustbin of history then Romney has indicated he will

It's a good start to clean up the mess that Democrats have been leaving us since 2007.

Obamacare's Harmful Impact on Small Businesses - YouTube
Click to expand...

....that's not a mess, that's progress....what is a mess is 40 years of right-wing trickle-down economics and out-sourcing which has reduced our once great manufacturing nation to a nation of service weenies....we will never regain the manufacturing prowess and jobs we once had thanks to corporate greed....

....obviously, you and slick-willard have access to good healthcare....many of our fellow Americans are dying because they don't have access....why do you love America and Americans yet want to see them dead?
 
Gimmesometruth said:
Except for the fact that it creates more unemployment domestically.
Click to expand...

woops?

blog%2Bprivate-vs-public-sector.jpg
 
I must say, the outsourcing boogeyman shtick is getting rather stale.
 
:shrug: what else do they have?
 
cpwill said:
woops?
Click to expand...

Because we know the two cannot rise simultaneously.

Bush II recovery -

fredgraph.png



Bush I recovery -

fredgraph.png




Reagan recovery -

fredgraph.png


In fact, the only other recoveries which had public sector job losses were initial recession in 1980 which led to a double dip, and the post war draw down in 1945.

fredgraph.png



In fact, the Obama recovery has had private sector job increases right between the two Bush recoveries.

fredgraph.png




The difference in total employment has been in the public sector.

Link
 
NAKED N00B said:
Because we know the two cannot rise simultaneously.
Click to expand...

No one ever said they couldn't. It's simply worth noting that public expenditure does not mean increased private sector jobs, that private sector jobs have increased while public sector jobs have decreased, and that public sector jobs have increased while private sector jobs have decreased. The claim that we would be just fine if only we would hire a bunch more public union members is bogus.
 
cpwill said:
No one ever said they couldn't. It's simply worth noting that public expenditure does not mean increased private sector jobs, that private sector jobs have increased while public sector jobs have decreased, and that public sector jobs have increased while private sector jobs have decreased. The claim that we would be just fine if only we would hire a bunch more public union members is bogus.
Click to expand...

Private sector jobs have increased because of economic growth. However, growth is weak. To see stronger growth and better private sector employment numbers, the government must step in. Claiming that the government should step in and hire people is not bogus, it's basic economics.
 
cpwill said:
woops?

blog%2Bprivate-vs-public-sector.jpg
Click to expand...

All your chart shows is that public sector job growth grew steadily over time than jobs in the private sector. (Faster wouldn't be accurate as clearly there was a rapid rise in private sector jobs between 2004 and 2008 as the chart illustrates). But again, take note of the curves on both axis. Notice how public sector jobs are on the decline while private sector jobs are on the rise. Let's be honest here...

The Obama Administration has cut public sector jobs at the federal level much as Republicans have cut public sector jobs at the state-level only Republicans have been harsher about it than the Obama Administration. You could try and made the argument that the federal employee numbers decreased mostly because Census workers were let go, but those were temporary jobs and would go away anyway and were never part of 10% federal workforce reduction the Obama Administration implemented. Republicans, meanwhile, have gone on the other side of reducing the public sector workforce by fighting hard to end public unions, reduce salaries and benefits, eliminate collective bargaining rights and make every state a right-to-work state. These such measures have both positive and negative consequences (which we won't get into here because they aren't relevent to this thread topic). The question now because are President Obama's economic/job creationg policies barrying fruit? Are they working? As evidenced by the very chart you posted, I'd have to say YES - slowly, but not even you can argue that private sector job growth isn't on the rise while public sector jobs are on the decline.
 
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