Monday, May 21, 2012
"Job creator" was never in Mitt Romney's job description
CEOs may create jobs; they also may destroy them. It's just as accurate (or inaccurate) to call corporate CEOs "job destroyers" as it is to call them "job creators." By the standards used to evaluate a CEO, whether they do either is irrelevant. What they're supposed to do is create profit for shareholders. I can assure you that no CEO in history who has failed to create profit will justify his position to the board of directors by saying that he created jobs in the face of not creating profit.
And if you look at where new jobs come from, don't look to the Fortune 500. They've been the source of net job loss in this country for many years--their job creation is going on in China, or the Philippines, Thailand etc.
The actual job creators of American jobs are in smaller businesses.
And only a tiny percentage of them are the millionaires and billionaires whose oxes would be gored by an Obama re-election.
Businessman Mitt Romney certainly created profits for himself and his company. Jobwise he created some in some companies, destroyed some in others. If you look back over his reports to Bain stakeholders I doubt you'll find any references to job creation. Actually CEOs often brag about their ruthlessness.
The fictional movie "Up in the air" dramatizes this. It is fictional, of course, and borders on parody in places. But in its essence it's true to life.