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The GOP debate about whether P-E creates more jobs than it destroys is "fruitless," says the...

The GOP debate about whether P-E creates more jobs than it destroys is "fruitless," says the WSJ, "because voters and politicians don't believe jobs should ever be destroyed." But one thing that Mitt Romney didn't learn at Bain was to be afraid of taking action because it would upset people. "That's not the worst qualification to bring to the Oval Office right now."
Comments (8)
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    that's a good insight - my 16 y/o son agrees with the sentiment ....and I am the CEO of a PR backed company.

     

    and yet it is important for Romney to talk about this as it the way the economy works - not to focus on PE but to discuss eco dynamism and why it matters

     

    we can have two types of economy - on the one hand we can have the "Curator economy" where the most important rule is to preserve jobs and industires suspended in time or we can have the "Dynamic economy" where companies and industries are born and succeed or fail in different and varying ways.

     

    Which approach will deliver more growth and prosperity over time for the greatest number? That is the question Romney faces. Focus it less on PE and on the core issue.

     

    PE by the way is not about job creation it is about profit and we should not run or hide from that fact. Profit is good not bad. Profit is what pays salaries and returns to invstors and leads to more jobs and investment. Profit.

     

    E
    15 Jan 2012, 07:03 AM Reply Like
  • bbro
    , contributor
    Comments (9326) | Send Message
     
    Took this survey....the guy I came up with closest to my
    views was...Jon Huntsman...Polling a strong 3% in the GOP....http://usat.ly/uLQUZ3
    15 Jan 2012, 07:29 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    A good game. Romney is the closest for me. And that makes sense.
    Huntsman does have a better economic pla however. Romney's reads like a Bain deck. Too complex.

     

    Thank heavens the wack jobs are about to get the shaft in SC

     

    E
    15 Jan 2012, 11:23 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    I am a happy voter and happily not a politician. The jobs I believe should be destroyed most are government sector jobs, particularly the ones within the Beltway. I'm all for about a 50% reduction in headcount or a 50% reduction in the rediculous compensation packages they are receiving today. Perhaps Romney has the experience to "restructure" before there is a hostile takeover.
    15 Jan 2012, 07:31 AM Reply Like
  • User 509088
    , contributor
    Comments (938) | Send Message
     
    the jehosophat boot paradox. elmer is a success because his company makes a lot of boots. magical elves make him a success, workers he doesn't have to pay, who do it out of the good of their hearts, apparently.

     

    the rough ashlars are the base of your pyramid- the workers, the real producers. when you remove them in piece or in whole, your pyramid ceases floating, begins to sink.

     

    the value is in brewing the beer, baking the bread, digging the salt, squeezing the oil, cutting the stone, not in delivering it or cleaning up after it. there is no need for transport or factoring or cleaning up if there is nothing produced. a people who forgets this is a people in decline.
    15 Jan 2012, 09:35 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    With the specter of rising socialism and liberalism, and the 'accelerated plundering' by the upper class and the lower class, the middle class is sorely squeezed hard in between.
    15 Jan 2012, 10:56 AM Reply Like
  • Jackson999
    , contributor
    Comments (468) | Send Message
     
    Romney will suffer the same fate as McCain - LOSE to Obama.
    15 Jan 2012, 12:42 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    not "afraid of taking action because it would upset people". Right on WSJ. By their lights, North Korea must be the illin place in the world.
    15 Jan 2012, 09:50 PM Reply Like
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