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    David Stockman: Mitt Romney learned nothing about creating jobs from Bain Capital — Former Reagan Office of Management and Budget Director David Stockman stepped all over Romney’s claims that his experience in the leveraged buyout business taught him anything at all about “job creation.”  […] STOCKMAN: Well, I don’t know. I think the current federal model is a disaster. We know where we are on the debt. We’re going to have a debt ceiling that expires in December and I don’t know where the votes are going to come to increase it… On the other hand, I don’t think Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. […] You know, the LBO business is legitimate, free enterprise business, just like, you know, running a brothel if that’s what you want to do, or a house of gambling. […] But it’s not a good model for how we rebuild an economy or grow jobs. It’s irrelevant. —Crooks & Liars

    David Stockman: Mitt Romney learned nothing about creating jobs from Bain Capital — Former Reagan Office of Management and Budget Director David Stockman stepped all over Romney’s claims that his experience in the leveraged buyout business taught him anything at all about “job creation.”  […] STOCKMAN: Well, I don’t know. I think the current federal model is a disaster. We know where we are on the debt. We’re going to have a debt ceiling that expires in December and I don’t know where the votes are going to come to increase it… On the other hand, I don’t think Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. […] You know, the LBO business is legitimate, free enterprise business, just like, you know, running a brothel if that’s what you want to do, or a house of gambling. […] But it’s not a good model for how we rebuild an economy or grow jobs. It’s irrelevant. —Crooks & Liars

    — 2 years ago with 19 notes
    #news  #politics  #david stockman  #mitt romney  #bain capital  #job creator / job destroyer  #romney learned NOTHING about job creation  #republicans  #lol 
    Obama campaign to target Romney’s record as governor – By broadening its attack to Romney’s stint as chief executive of Massachusetts from 2003 to 2007, the Obama campaign will make the case that Romney’s economic philosophies have pervaded his career and would damage the country if he were to move into the White House. “You’ll see over the course of this campaign a really strong connection between (Romney’s) time at Bain and the values and lessons that he took from that,” said an Obama campaign official who spoke on the condition that he not be identified. “He used those values and lessons in Massachusetts, and we’ll take a look at those results,” the official said. The attacks are likely to focus on Romney’s record of cutting education funding and increasing the state’s debt. – Reuters 

    Obama campaign to target Romney’s record as governor – By broadening its attack to Romney’s stint as chief executive of Massachusetts from 2003 to 2007, the Obama campaign will make the case that Romney’s economic philosophies have pervaded his career and would damage the country if he were to move into the White House. “You’ll see over the course of this campaign a really strong connection between (Romney’s) time at Bain and the values and lessons that he took from that,” said an Obama campaign official who spoke on the condition that he not be identified. “He used those values and lessons in Massachusetts, and we’ll take a look at those results,” the official said. The attacks are likely to focus on Romney’s record of cutting education funding and increasing the state’s debt. – Reuters 

    — 2 years ago with 2 notes
    #news  #politics  #president obama  #mitt romney  #massachusetts  #governor romney  #bain capital  #job creator / job destroyer  #cutting education  #increasing debt