Many don't think corporate raiders create jobs, apparently

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Nearly half of likely voters in 12 battleground states buy into the Obama team’s claims that private equity does not translate into new jobs, according to a new poll.

The voters who seem the most skeptical that Romney’s time at Bain could help him restart the sluggish economy hail from some of November’s biggest prizes, including Ohio, Florida, Pennsylvania and Wisconsin.

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Forty-seven percent of those surveyed believe that the work done by firms like Bain hurts workers, as opposed to 38% who say it helps the economy, according to data...


http://www.nydailynews.com/news/ele...poll-suggests-article-1.1092641#ixzz1xJjB592l
 
Well, they're right. Corporate raiders like Bain don't create jobs, they eliminate them. These bloodsuckers say that they are making the economy more productive by eliminating waste; but what they're really about is making a quick buck at the expense of everyone else. The robber barons of the past have nothing on their unbridled greed, which would make the most rapacious pirate blush for shame!
 
\\()// said:
Nearly half of likely voters in 12 battleground states buy into the Obama team’s claims that private equity does not translate into new jobs, according to a new poll.

The voters who seem the most skeptical that Romney’s time at Bain could help him restart the sluggish economy hail from some of November’s biggest prizes, including Ohio, Florida, Pennsylvania and Wisconsin.

​
Forty-seven percent of those surveyed believe that the work done by firms like Bain hurts workers, as opposed to 38% who say it helps the economy, according to data...


http://www.nydailynews.com/news/ele...poll-suggests-article-1.1092641#ixzz1xJjB592l
Click to expand...

Check out Jon Stewart's interview of Edward Conard who wrote the book "Unintended Consequences". He worked for Bain Capital. June 7th episode.

http://www.thedailyshow.com/full-episodes/thu-june-7-2012-edward-conard (US Viewers and those with "Hotspot Shield".) :)

What I took away from it is investors can pull their money out any time so the government bailout covered the withdrawals and also ensured investors there was money available should they want to pull theirs out at a later date but hoping the investors would leave their money in. Then investors decided on what they would invest in. The bottom line being the government hasn't really done a lot of investing themselves. That's why when people ask, "Why doesn't the government invest in infrastructure" the answer is it's not the government's decision to make. It's the investor's decision and the government ensures the investor's money is available for withdrawal at any time. It's like the government guarantees to buy any stock if/when a corporation wants to sell.

The economic recovery is at the will of the investors rather than the government. Investors decide where the money will be placed and the government has borrowed money to ensure it can pay the investors if they want to pull out. That's why the government has a pile of money currently doing nothing because it's not backing any investor money because investors haven't invested in anything. Well, not a lot of things.

The solution to an economic recovery would be for the government to have the power to invest but there's the Republican paralysing fear of socialism. The Repubs don't want the government to get involved. Investors are deciding what parts of the economy will and won't receive money rather than the people (government) deciding and that, in my opinion, is wrong. Terribly wrong.

And that's economics 101, for today. Looking forward to different takes on the interview and don't forget the interview goes into "overtime".
 
apple0154 said:
Check out Jon Stewart's interview of Edward Conard who wrote the book "Unintended Consequences". He worked for Bain Capital. June 7th episode.

http://www.thedailyshow.com/full-episodes/thu-june-7-2012-edward-conard (US Viewers and those with "Hotspot Shield".) :)

What I took away from it is investors can pull their money out any time so the government bailout covered the withdrawals and also ensured investors there was money available should they want to pull theirs out at a later date but hoping the investors would leave their money in. Then investors decided on what they would invest in. The bottom line being the government hasn't really done a lot of investing themselves. That's why when people ask, "Why doesn't the government invest in infrastructure" the answer is it's not the government's decision to make. It's the investor's decision and the government ensures the investor's money is available for withdrawal at any time. It's like the government guarantees to buy any stock if/when a corporation wants to sell.

The economic recovery is at the will of the investors rather than the government. Investors decide where the money will be placed and the government has borrowed money to ensure it can pay the investors if they want to pull out. That's why the government has a pile of money currently doing nothing because it's not backing any investor money because investors haven't invested in anything. Well, not a lot of things.

The solution to an economic recovery would be for the government to have the power to invest but there's the Republican paralysing fear of socialism. The Repubs don't want the government to get involved. Investors are deciding what parts of the economy will and won't receive money rather than the people (government) deciding and that, in my opinion, is wrong. Terribly wrong.

And that's economics 101, for today. Looking forward to different takes on the interview and don't forget the interview goes into "overtime".
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So beauracrats can make better investment decisions than investors or professionals themselves. I've think we've seen many places around the world where that has been tried and failed yet some people want to import that here. I don't agree.
 
cawacko said:
So beauracrats can make better investment decisions than investors or professionals themselves. I've think we've seen many places around the world where that has been tried and failed yet some people want to import that here. I don't agree.
Click to expand...

Did you agree when Bush proposed this?

President Bush is dusting off an ambitious proposal to overhaul Social Security, a controversial idea that had been shelved because of politics and the administration's focus on tax cuts and terrorism.

Bush envisions a framework that would partially privatize Social Security with personal investment accounts similar to 401(k) plans.


A starting point is a plan proposed by a presidential commission in 2001 that would divert 2% of workers' payroll taxes into private accounts.


http://www.usatoday.com/news/washington/2004-11-10-social-security_x.htm
 
cawacko said:
So beauracrats can make better investment decisions than investors or professionals themselves. I've think we've seen many places around the world where that has been tried and failed yet some people want to import that here. I don't agree.
Click to expand...

As Stewart was pointing out it's what investment will benefit the most, not necessarily give the greatest monetary return to a few.
 
\\()// said:
Did you agree when Bush proposed this?

President Bush is dusting off an ambitious proposal to overhaul Social Security, a controversial idea that had been shelved because of politics and the administration's focus on tax cuts and terrorism.

Bush envisions a framework that would partially privatize Social Security with personal investment accounts similar to 401(k) plans.


A starting point is a plan proposed by a presidential commission in 2001 that would divert 2% of workers' payroll taxes into private accounts.


http://www.usatoday.com/news/washington/2004-11-10-social-security_x.htm
Click to expand...

what does this have to do with job creation in the private sector?

oh, nevermind. just more obfuscation by the troll. carry on.
 
It had to do with the troll's attempt at obfuscation. Here it is:

cawacko said:
So beauracrats can make better investment decisions than investors or professionals themselves. I've think we've seen many places around the world where that has been tried and failed yet some people want to import that here. I don't agree.
Click to expand...

Now, would you have anything to contribute to the discussion?
 
Privatization is part and parcel with the Republican’s plan to eliminate government entitlement programs, while giving another bonus to the wealthiest citizens at the expense of the poor and the middle class. Cutting benefits for the elderly, including the baby boomers, while flooding the equity markets with Social Security taxes from the younger generation of Americans works this from both ends. It's a two-time loser for taxpayers and participants who will have to pay more to play the table stakes of "casino conservatism." Indeed, if some people in Congress have their way, Social Security benefits will end up being a lottery ticket and the number for Dial-A-Prayer.
 
SmarterthanYou said:
since you started it, i've seen nothing contributory to it. when your comments actually contribute instead of deflect, I will.
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Fair point. I've been addressing the deflections.

So, tell me, what do you think?

Do you think corporate raiders are net job creators?
 
\\()// said:
Fair point. I've been addressing the deflections.

So, tell me, what do you think?

Do you think corporate raiders are net job creators?
Click to expand...

absolutely. even corporate 'raiders' want to continue to make money, so as the demand for their product/service increases, they will add jobs to keep up with that demand. That is how 'net' profits are gained.
 
SmarterthanYou said:
absolutely. even corporate 'raiders' want to continue to make money, so as the demand for their product/service increases, they will add jobs to keep up with that demand. That is how 'net' profits are gained.
Click to expand...

Cite your examples.

BTW, I asked about net job gains, not net profits.
 
Nemo said:
What product or services do corporate raiders provide besides pink slips?
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do you have a cell phone? how about an automobile? a bicycle? do you buy pre packaged food from a grocery store? do you buy clothes or make them yourself?

anything you buy from a store is a product or service, is a product or service bought from a corporate raider.
 
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