Well, I’d say it matters because Romney’s using his ‘business experience’ as his sole qualification for the presidency. I wish some real reporter interviewing Romney (Mark Halperin of Time doesn’t count since he has in the past drooled over Karl Rove’s ‘genius’ and was suspended for calling President Obama a ‘dick’ on MSNBC), would ask Romney why he never talks about his only experience in government, his one-term stint as governor of Massachusetts from
2003 to 2007. True, Romney’s record there wasn’t entirely sterling — aside from being too ‘liberal’ for the current crackpot-right GOP base (he inspired the Republican-despised Obamacare with his own similar state-mandated Romneycare), and leaving the job with his state falling to 47th in job growth — wouldn’t this be the kind of actual experience in governing that voters should know about? Romney is apparently counting on the electorate having short memories; after all, look at the unmitigated disaster our last CEO President was — you know, the one who endorsed Mitt recently as the elevator doors closed on him, a neat visual metaphor of the way most of the public still feels about ‘Obama’s predecessor.’
Why Mitt Romney’s Time At Bain Capital Matters
By Think Progress War Room
May 23, 2012
Mitt Romney Was Not a Job Creator
As we discussed yesterday, Mitt Romney’s tenure at Bain Capital is once again back in the news — big time. As President Obama said, this is not a distraction, it’s central to the main question of this campaign: do we create an economy that works for everyone, not just the wealthy few, or, do we double down on an economy where the game is rigged for the rich at the expense of the middle class?
It’s also not a distraction because Mitt Romney himself has made his business experience the centerpiece of his campaign, saying just today that “of course” he welcomes a discussion of his record at Bain Capital.
Here’s the rundown on Mitt Romney’s time at Bain Capital — and why it still matters today.
Jobs
While running Bain Capital, whose investments he still profits from to this day, Mitt Romney amassed a quarter-billion dollar fortune by bankrupting companies. laying off thousands of American workers, closing factories and sending jobs overseas. As experts on the private equity industry and even his own former Bain colleagues openly admit, Romney’s job was not to create jobs, it was to create wealth for himself and other investors.
Romney and his campaign have made a wide variety of claims regarding how many jobs he created while at Bain: thousands, tens of thousands, 100,000, and even “well in excess of 100,000.” Neither Romney nor Bain has offered any proof to substantiate any of these claims and multiple independent fact checkers have concluded that Romney’s claims on job creation at Bain are simply false.
The most important job for our next president is to create jobs and get the economy moving faster. When asked today to predict the unemployment rate under a Romney presidency, he predicted that it would be 6 percent at the end of his first term in 2016 — which is exactly where economists predict it will be anyway.
A Rigged Game
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