"Mitt Romney's Three Big Lies" by Eric Zeusse at Business Insider

[applegrove]

Mitt Romney's Three Big Lies

by Eric Zeusse at Business Insider

http://www.businessinsider.com/mitt-romneys-three-big-lies-2012-6

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John Hawkins, at Right Wing News, observed that, “Since Mitt Romney had a mediocre record of job creation as the governor of Massachusetts, he has touted his record of creating jobs at Bain Capital. He’s noted time and again that he created 100,000 jobs at Bain.”

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However, Hawkins ignored the jobs that had been lost at firms that shrank due to their competing against firms that Bain had financed. But it’s wrong to count only micro economic results to the firms Bain financed, and not macroeconomic results to the economy-at-large, which includes both one’s own firms and their competing firms. That’s the difference between the task of a corporate executive, versus the task of a national President.

The biggest of the Bain-financed firms that Romney brags about for “growing jobs” was Staples, which began in 1986, when two supermarket executives, Leo Kahn and Thomas G. Stemberg, came up with the idea for a stationery and office-supply super-store, which became Staples. Bain invested nearly $2 million in it, and sold out in 1990 at around $15 million.

Of course, Staples did produce jobs. And it made lots of money for its investors. But unfortunately, Staples also put out of business many thousands of small local stationery and office-supply stores. Was the balance in the Staples case really a net plus for jobs?


Read more: http://www.businessinsider.com/mitt-romneys-three-big-lies-2012-6#ixzz1zKsSHAwd

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[Rosanna Lopez]

1. Only 3?

Mitt Romney is a pathological liar who has told hundreds of lies over his career. It's hard to single out only 3 lies.

It reminds me of a line from the 1967 movie, "Night of the Generals". Omar Shariff says, "One of these 3 Generals is a murderer", and Phillippe Noiret responds, "Only one?"

[salin]

2. Good Article!