richardhutnik said:
The Bain narrative, because Bain is going to be used by Romney as justification for him being able to do job creation, is to look at exactly what the job creation was, and if such happened on purpose or was just an accidental byproduct. When you try to look at Romney and job creation at Bain, you find it hard to nail anything down: http://online.wsj.com/article/SB10001424052702303292204577519293959381060.html The different methods of counting underscore what many experts say is the futility of trying to pin a number on something that is essentially unquantifiable. Creating jobs also wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors. Reason why? Bain capital has NO thought to job creation. It was trying to maximize return on investment. Bain didn't track jobs created or lost. Job creation was a byproduct of some things that went right. But, it wasn't the byproduct. So, how exactly then can Romney use what Bain did as evidence of him knowing how to create jobs, when his company didn't set out to do this at all? And this is the deeper narrative. The line of attack here has the goal of making Bain irrelevant to Romney discussing his qualifications to be able to create jobs. He can't bring it up without it being seen as a negative. With that off the table, then you have Romney as governor of Mass. and that wasn't good either for Romney. Attacks on Obama regarding job creation get thrown into Boston harbor, along with attacks of Reagan on environmental issues. |
So, because bain wasnt trying to create jobs it doesnt matter? Bains primary purpose was to make money, just like every business. However, what bain did was they invested in companies and attempted to grow them so they could sell off their investment at a profit. Now, most of the time that involved expanding the business, which almost always meant expanding the workforce (ie creating jobs). There were also times that romney was unsuccessful and ended up tearing the companies apart, but i think both experiences give romney a very good insight as to how businesses create and lose jobs. More so than any kind of government position could.
Like i said the bain attacks fall flat for me. I would love if the candidates would actually debate the merits and failures of their policy positions, but i dont think either candidate really wants that. I mean, lets be honest, neither one of the candidates have Been very forthcoming on what they actual plan to do, this election is why the other candidate sucks. As an independent, im wishing i had another option.