Romney Was Never a Job Creator

As a founder of Bain Capital Management, Mitt Romney practiced the “art” of acquiring medium sized companies, stripping them of assets, running up their credit lines, and laying off their workers. Bain and Romney bagged millions, carrying off various pickings and “consulting fees”, while the taxpayers were stuck for the ex-employees’ underfunded pensions. At DDI Engineering, Ampad, GTS Steel, Dade Behring, and others, Romney, the locust capitalist, killed good-paying manufacturing and tech jobs; jobs with which families had grown and prospered.

To call Mitt a “job creator” is like calling a “chop shop” an auto manufacturer. What kind of jobs did he create? Cash register pilots, ringing up office supplies, or pricey sneakers made in low-paying Asian factories? Pizza delivery professionals? Gigs with low pay and little or no benefits; the kind of jobs your kid takes to buy a car, not to raise your grandchildren. These are the jobs that get taken by desperate breadwinners, the laid-off, middle-aged guys, their homes endangered and dreams dying.

There’s no more vivid example of how the worst of the 1% stay that way, no clearer explanation of what has happened over the last thirty years to the rest of the 99%, than Mitt Romney’s career.