Soulshiner wrote: Romney has no idea how to improve our economy, he KNOWS how to improve HIS economy.
Come now SS - you don't think that a lot of pension plans for the working class have seen their circumstances improved by investing in Bain? You don't think the hundreds of jobs saved and created through Bain's efforts improved the economies of the people who became employed or who were retained by one of the companies that were saved from failure? Are you really so blind as to believe that every job can, or should, be saved when a company can no longer compete? At the height of demand for buggy whips, there were lots of people employed in that sector - people who lost their jobs when Henry Ford built his Model Ts. A lot of wheel wrights lost their jobs too. How many farriers and blacksmiths had to find something else to do, a new job to perform? How about those that made saddles and stirrups? An evolving economy is constantly destroying and creating new jobs.
What was it that the character Lawrence "The Liquidator" Garfield said in 'Other People's Money' in his speech to the shareholders . . . something along the lines of technology and obsolescence destroying some jobs. Technology means that steel is going to be produced more efficiently than it was before the technology came online. Fewer workers are going to be needed to produce the same amount of steel in a given area. That means that some of the steel plants are going to close - especially in a time when the government is heaping regulations on how far a vehicle has to go on a gallon of gas. Vehicles are going to be needing less steel than they used to because the cars have to be lighter than they used to be and steel is heavy. Steel wheels get replaced by aluminum ones, the sheet metal in the chassis and doors gets thinner, body on frame construction gets replaced by unibodies - and the union goes on a recycling binge to lessen their CO2 footprint - all of it creating an ever shrinking demand for new steel. The government is so busy diverting funds from infrastructure to individual welfare that we aren't building nearly as many bridges as we used to, let alone reconditioning the ones we've got. And when a new bridge is built, it isn't a steel suspension bridge like Golden Gate or Brooklyn, it's a steel reinforced concrete one - using mostly recycled steel from the railroad tracks we've abandoned and the steel wheels that are sitting in the junkyards rusting away.
You want to know who is really responsible for that man losing his job? The Congress of the federal government - Romney and Bain were the ones who got to deliver the news, but it was Congress who killed the jobs.
:rofl
