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Bloomberg News has looked into Romney's job creation claims.  Now we know he destroyed many American jobs, improvished many, so that he and his family could have many houses, "two Cadillacs" for his wife, and money to burn.  Unlimited Greed is RMoney.

But RMoney claimed he created lots of jobs at Staples and Sports Authority.  Bloomberg News  looked at those jobs:

 

Sales associates at the two chains make less than $9 an hour on average, according to survey data from Glassdoor.com, meaning someone working 40 hours a week would earn below the poverty line of $19,090 for a family of three. They speak on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
Bloomberg News

You can watch the video there.

That is RMoney's future.  Extreme Wealth for a few of the select and poverty for the many.

Obama 2012.

Originally posted to TomP on Mon Feb 27, 2012 at 09:06 AM PST.

Also republished by Income Inequality Kos, Anti-Capitalist Chat, and ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

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Comment Preferences

  •  Now, now (10+ / 0-)

    That person working would be over a 150 percent poverty for a family of one and over the poverty line for a family of two.

    And not eligible for SNAP, TANF or Medicaid.

    Good money in Romney's future America!

    Though this probably speaks more to the poverty guidelines in this country.

  •  Yes! (8+ / 0-)
    Mitt Romney seems proud of a nation where people are sales clerks at The Sports Authority or pizza delivery guys at Domino's. That's what his "business experience" has accomplished. He destroys manufacturing and creates retail.
    Good diary.
  •  Fart meet spacesuit (1+ / 0-)
    Recommended by:
    TomP
  •  yup he is a predatory capitalist (4+ / 0-)
    Recommended by:
    TomP, janmtairy, hannah, jfromga

    indeed.

    Possible new campaign slogan - "We under develop economies so you don't have to! Vote Rmoney 2012"

    They call me Gato, I have metal joints. Beat me up and earn 15 silver points. -- Gato the Robot, Chrono Trigger

    by rexymeteorite on Mon Feb 27, 2012 at 09:34:33 AM PST

    •  Romney didn't create jobs... (3+ / 0-)
      Recommended by:
      TomP, SuzieQ4624, jfromga

      Bain didn't manage these companies; they invested in them.

      His campaign meme is that he created jobs; he did not.

      •  But they did pay themselves... (2+ / 0-)
        Recommended by:
        TomP, jfromga

        millions in "management" fees, propping the companies up just long enough to take out millions in loans for their own personal gain, then leaving them high and dry to file bankruptcy.

        So it's management in a way, just a "run the company into the ground but still make millions in profits" type of management, so that's gotta count for something - right?

      •  I don't think you understand. (2+ / 0-)
        Recommended by:
        TomP, joe wobblie

        Like Dubya, Willard takes the intent for the act.  Or, as they say, "it's the thought that counts."  

        Think of it as akin to the Creator proclaiming "let there be light" and there was.  Job creators are no different.  

        People to Wall Street: "LET OUR MONEY GO"

        by hannah on Mon Feb 27, 2012 at 10:34:51 AM PST

        [ Parent ]

  •  Glad somebody is saying this (2+ / 0-)
    Recommended by:
    TomP, jfromga

    if it hasn't already been said, it should be over and over . . .  somewhere I read the brilliant observation that the institution of low wage jobs is a choice, one that might have been different, particularly if we didn't just hand over all power in the economic sphere to ravenous for-profit corporations, paying zero attention to the needs, wants, perspectives and contributions to the workers and/or would-be workers.

    As the mother of one who has worked for one RMoney's (I love that formulation and plan to steal it and use it often) Bain-forsaken company in the past and currently works for another one, I can tell you these are not living wage jobs--not at all.  And it doesn't matter if you have a college degree, or even a masters degree, because the pay is still under $11/hour.  Somewhere in the $10's is what you get with an education.  Without it, you get $9-something.

  •  It's hi-larious that he chose to make... (3+ / 0-)
    Recommended by:
    TomP, jfromga, Eric Nelson

    his "private sector" experience of "job-creating" at Bain the focal point of his campaign...like people were just going to accept it at face value and never look at what he actually did.  Maybe the Republican voters are that stupid, but Americans, in general, know about a little research tool called Google.

    Not to mention the fact that about 80% of these "created" jobs were created after he left Bain, but that's just semantics.

  •  Job Creation (5+ / 0-)
    Recommended by:
    kalmoth, TomP, jfromga, Eric Nelson, S F Hippie

    Sports Authority and Staples did not create jobs.

    One of SA's growth strategies was to purchase local chains of sporting goods stores.  This doesn't create jobs;  it merely changes the boss.  And, to obtain the vaunted efficiencies of big box chain stores, those jobs have to be cut--so the workers lose their jobs, former pay, or benefits.

    The question for Romney is not whether the Bain model created more jobs for Bain companies, but whether the Bain model created net jobs on a national level.

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Mon Feb 27, 2012 at 09:47:53 AM PST

  •  Also in most of the big box stores (3+ / 0-)
    Recommended by:
    TomP, jfromga, Eric Nelson

    no one working for an hourly wage gets 40 hours a week. Most clerks are scheduled for 20-30 hours and floor supervisors for 30-35 hours. The managers and other salary employees are scheduled for 50 and sometimes 60 hours a week without o/t.

  •  SOP for takeovers....... (3+ / 0-)
    Recommended by:
    jfromga, TomP, Eric Nelson

    mainly greedy bastards who care for nobody other than themselves....

    The goal is not to bring your adversaries to their knees but to their senses. -- Mahatma Gandhi

    by Mindmover on Mon Feb 27, 2012 at 11:57:45 AM PST

  •  Republished to Anti-Capitalism Chat (3+ / 0-)
    Recommended by:
    TomP, Eric Nelson, S F Hippie

    The private sector cannot be left to create jobs without interference for the same reason that it cannot set wages interference: business cycles create too much chaos that the private sector reflects and perpetuates, rather than absorbs.

    The private sector will create when useful, and when useful, layoff, fire, downsize, reduce hours, and cut wages.  But we don't let them do that.

    To think outside the capitalist lens, there is no reason why our health insurance, our income, our identity should be so linked to jobs that can be taken away at the convenience of Wall Street.

    "Hate the game, not the player" comes to mind. Because there is an incentive driving Romney in all his behavior--a common thread.  It is not merely a character flaw, it is an incentive that is systemic; if there were no Romney, someone would fill his proverbial shoes.

    Poverty for a large underclass is the end result of our capitalist system without government intervention. Liberalism tends to mitigate it, but not eliminate inequality.  We need to move to a discussion of anti-poverty, pro-equality and equity-based social relationships in this country.

    Thank you to jayden, Dr Erich Bloodaxe RN, Aji and everyone in the Daily Kos community involved in gifting my subscription and gifting others!

    by Nulwee on Mon Feb 27, 2012 at 12:35:19 PM PST

  •  Romneys plan = poverty level wages but doesn't.. (1+ / 0-)
    Recommended by:
    TomP

    ..stop there.
    Romney Budget Proposals Would Require Massive Cuts in Medicare, Medicaid, and Other Nondefense Spending
    Center on Budget & Policy Priorities - February 16, 2012

    Presidential candidate Mitt Romney's proposals to cap total spending, boost defense spending, cut taxes, and balance the budget would require extraordinarily large cuts in nondefense programs.
    Deeper cuts than Ryan's plan
    These cuts are far deeper than those that House Budget Committee Chairman Paul Ryan's (R-WI) austere budget plan would require. They would shrink nondefense discretionary spending — which, over the past 30 years, has averaged 3.7 percent of gross domestic product (GDP) and never fallen below 3.2 percent — to just 1.7 percent by 2022
    If anything, these examples understate the potential effects of Governor Romney's budget proposals. By 2022, if the budget were balanced while taxes were cut, nondefense programs other than Social Security would have to be cut by more than half.

    Good to get the real facts about Romney right up front - Thx TomP

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