Tuesday, January 31, 2012


The New York Times did a brief fact-checking article, right here, about Willard's dubious claims concerning his "job creating" abilities from his days at Bain Vulture Capital. You see, Willard has regularly given different figures about this--10,000, or 100,000, or (more recently) 120,000. The Times sets the record straight:

Mr. Romney arrives at the 100,000 jobs number by combining the current employment figures of three main companies that Bain Capital invested in – Staples, Sports Authority, and Domino’s Pizza. (He sometimes also includes a fourth company, Steel Dynamics). However, that number only addresses a small group of companies that Mr. Romney was successful in starting or turning around, and does not take into account the less successful companies that Bain Capital invested in, some of which went bankrupt or were forced to layoff workers. It is also worth noting that Bain Capital was not a major investor in any of the four companies that Mr. Romney cites. [Emphasis added]

In fact, in the case of Romney's biggest boast, the success of Staples office supplies, Bain wasn't even a major player. Bain only provided TEN PER CENT of the start-up money for Staples. 

In fact, this is how Willard used to describe his role: 

[During the 1994 Senate campaign Romney] emphasized that he always used the word "helped" and didn’t take full credit for the jobs. "That’s why I’m always very careful to use the words ‘help create,' " he acknowledged. "Bain Capital, or Mitt Romney, ‘helped create’ over 10,000 jobs. I don’t take credit for the jobs at Staples. I helped create the jobs at Staples."

But now Willard is the Glorious Job Creator, the Man Who Will Slay the Recession, our deliverer from joblessness--even though the private sector has added more net jobs under Obama since June 2009 than Bush achieved in eight years. Romney's main claim to office is his business "expertise"--as if being a CEO is somehow comparable to being president. In my opinion, Willard has grossly inflated his so-called "expertise".

He does it by lying about his record.

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