Suppose, for example, that your chain of office-supply stores gains market share at the expense of rivals. You employ more people; your rivals employ fewer. What’s the overall effect on U.S. employment? One thing’s for sure: it’s a lot less than the number of workers your company added.
Better yet, suppose that you expand in part not by beating your competitors, but by buying them. Now their employees are your employees. Have you created jobs?
The point is that Mr. Romney’s claims about being a job creator would be nonsense even if he were being honest about the numbers, which he isn’t.
At this point, some readers may ask whether it isn’t equally wrong to say that Mr. Romney destroyed jobs. Yes, it is. The real complaint about Mr. Romney and his colleagues isn’t that they destroyed jobs, but that they destroyed good jobs.
When the dust settled after the companies that Bain restructured were downsized — or, as happened all too often, went bankrupt — total U.S. employment was probably about the same as it would have been in any case. But the jobs that were lost paid more and had better benefits than the jobs that replaced them. Mr. Romney and those like him didn’t destroy jobs, but they did enrich themselves while helping to destroy the American middle class.
And that reality is, of course, what all the blather and misdirection about job-creating businessmen and job-destroying Democrats is meant to obscure.
- The GOP Is the True Anti-Business Party
- Universal Healthcare Saves Lives and Money
- Will Trump's Senate Trial Be a Southern "Good Ol' White Boys" Sham or a Real Trial?
- Republican Group Airs Ad Slamming Trump: “Corruption Won’t Make America Great Again”
- The Trump Administration’s Plan to Dismantle Climate Science
- Lily on Illiana Christian To Become “Our Lady of White Flight,” Indiana
- Rebecca Wells on Sarah Huckabee Sanders: The Eyes Have It
- G on Suit Says Obama Can’t Run In Alaska Because He’s of the “Mulatto” Race
- thelauncher on Suit Says Obama Can’t Run In Alaska Because He’s of the “Mulatto” Race
- Farmer on Rick Santorum’s Wife had a Second-term Abortion – But That’s Supposed to be Different