Great Quote from Biden About Romney's "Jobs"

[RedBlack&Blue]

Well said, Joe.

http://news.yahoo.com/blogs/ticket/b...182305458.html

http://www.washingtonpost.com/busine...ptV_print.html

"You've got to give Mitt Romney credit," the vice president said. "He is a job creator--in Singapore, and China, India. He's been very good at creating jobs overseas."

During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission.

[cm husker]

A. That's a simplistic and incorrect assessment.

B. Creating jobs in Singapore, China, India and other places overseas DOES create jobs in the US.

[OmaHusker]

[huskrthill]

Well said, Joe.

http://news.yahoo.com/blogs/ticket/b...182305458.html

http://www.washingtonpost.com/busine...ptV_print.html

I liked his quote that basically admitted that we are still in a recession, at least by perception if not statistics. 3 1/2 years of Obama-Biden and nothing to show for it. Thanks for being honest, Joe.

[ShuckIt]

I wonder if any jobs were "saved" in the US by shipping these jobs overseas. Isn't that what this jobs creating thing is about nowadays. "We created a few jobs, but we saved 10s of millions" is all I've heard for 3-1/2 years.

[Showman]

I liked his quote that basically admitted that we are still in a recession, at least by perception if not statistics. 3 1/2 years of Obama-Biden and nothing to show for it. Thanks for being honest, Joe.

McCain/Palin would've fixed that economy in a jiffy, yessirreebob. I think there's some truth to what Biden says and of course some simplicity to it, but it's tough to argue the simple truth that a job created in Singapore much more indirectly ends up creating jobs here than, you know, a job created here in the first place. If you're talking in the immediate, let's-look-at-the-monthly-unemployment-rates-and-beat-our-politicians-over-the-head-about-it and not in any kind of a strategic sense, that is. I'd feel worse for Mitt if he wasn't pounding Obama with the same immediate numbers and ignoring how it's a longer term proposition to turn an economy around that was as messed up, locally and globally, as it was in 2008. Can't have it both ways...oh, wait, this is Mitt Romney we're talking about. Of course you can.

[huskrthill]

McCain/Palin would've fixed that economy in a jiffy, yessirreebob. I think there's some truth to what Biden says and of course some simplicity to it, but it's tough to argue the simple truth that a job created in Singapore much more indirectly ends up creating jobs here than, you know, a job created here in the first place. If you're talking in the immediate, let's-look-at-the-monthly-unemployment-rates-and-beat-our-politicians-over-the-head-about-it and not in any kind of a strategic sense, that is. I'd feel worse for Mitt if he wasn't pounding Obama with the same immediate numbers and ignoring how it's a longer term proposition to turn an economy around that was as messed up, locally and globally, as it was in 2008. Can't have it both ways...oh, wait, this is Mitt Romney we're talking about. Of course you can.

How long do you need?

[McKinneyTXHusker]

Well said, Joe.

http://news.yahoo.com/blogs/ticket/b...182305458.html

http://www.washingtonpost.com/busine...ptV_print.html

So I guess Joe would be equally disappointed in Obama's job creation, with the same kind of evidence readily available to use for quotes. Lets see, $529 MILLION in taxpayer money to Fisker automotive, who now assembles all their green electric cars in... Finland! So, in Joe's words, "You've got to give Barack Obama credit. He is a job creator - in Finland. He's been very good at creating jobs overseas."

[cm husker]

So I guess Joe would be equally disappointed in Obama's job creation, with the same kind of evidence readily available to use for quotes. Lets see, $529 MILLION in taxpayer money to Fisker automotive, who now assembles all their green electric cars in... Finland! So, in Joe's words, "You've got to give Barack Obama credit. He is a job creator - in Finland. He's been very good at creating jobs overseas."

That's ok, though, because Finnish people are white.

Democrats just don't have an interest in creating jobs in minority communities/nations.

[Showman]

How long do you need?

Whew, I dunno, Wall Street almost collapses, the US auto industry almost collapses, the housing market does collapse, most of our global trading partners thrown into varying degrees of economic tailspin at the same time for similar reasons, 2 wars draining the coffers...I'm thinking 6 months? What say you?

[cm husker]

McCain/Palin would've fixed that economy in a jiffy, yessirreebob. I think there's some truth to what Biden says and of course some simplicity to it, but it's tough to argue the simple truth that a job created in Singapore much more indirectly ends up creating jobs here than, you know, a job created here in the first place. If you're talking in the immediate, let's-look-at-the-monthly-unemployment-rates-and-beat-our-politicians-over-the-head-about-it and not in any kind of a strategic sense, that is. I'd feel worse for Mitt if he wasn't pounding Obama with the same immediate numbers and ignoring how it's a longer term proposition to turn an economy around that was as messed up, locally and globally, as it was in 2008. Can't have it both ways...oh, wait, this is Mitt Romney we're talking about. Of course you can.

Except that "creating jobs" here artificially whether through tax incentives or subsidies or regulatory trade barriers is effectively a tax on the US consumer, both directly and indirectly. And, it's the most regressive sort of tax.

The reality is that labor laws, including minimum wage, as well as the overall status of our economy has made manufacturing more expensive here than overseas. Encouraging or forcing companies to act inefficiently won't benefit the economy in the long run.

Of course my strong international free trade policies are also supplemented by a belief that those who reap the benefits of globalization (i.e.the owners and retained employees of a given industry) should pay into a pool that directly assists the "short term losers." I'd love to see that funding go toward retraining and relocation programs, too.

[cm husker]

Whew, I dunno, Wall Street almost collapses, the US auto industry almost collapses, the housing market does collapse, most of our global trading partners thrown into varying degrees of economic tailspin at the same time for similar reasons, 2 wars draining the coffers...I'm thinking 6 months? What say you?

I think there is zero doubt that the administration's inability to articulate and create a predictable regulatory and taxation scheme have had a significant impact on growth. People are still in "wait and see" mode because his admin seems more interested in campaigning than in governing.

I grant you that our Congress hasn't been good either, but they don't have the same bully pit that the President has squandered so far (and said some very economically stupid things from... e.g. his last STOTU).

Anyway, fixing Congress would require attracting intelligent people who are interested in legislating. Our current system isn't set up that way.

[huskrthill]

Whew, I dunno, Wall Street almost collapses, the US auto industry almost collapses, the housing market does collapse, most of our global trading partners thrown into varying degrees of economic tailspin at the same time for similar reasons, 2 wars draining the coffers...I'm thinking 6 months? What say you?

I don't know, ask your guy that said he'd fix it. He convinced people that he was going to save them all.

[ThotDoc]

I don't know, ask your guy that said he'd fix it. He convinced people that he was going to save them all.

Where's my new house and car he promised me?????

[Huskermedic]

Whew, I dunno, Wall Street almost collapses, the US auto industry almost collapses, the housing market does collapse, most of our global trading partners thrown into varying degrees of economic tailspin at the same time for similar reasons, 2 wars draining the coffers...I'm thinking 6 months? What say you?

I think there is zero doubt that the administration's inability to articulate and create a predictable regulatory and taxation scheme have had a significant impact on growth. People are still in "wait and see" mode because his admin seems more interested in campaigning than in governing.

I grant you that our Congress hasn't been good either, but they don't have the same bully pit that the President has squandered so far (and said some very economically stupid things from... e.g. his last STOTU).

Anyway, fixing Congress would require attracting intelligent people who are interested in legislating. Our current system isn't set up that way.

I agree. It will take someone and a congress that can throw out politics to save the country. Until then it will just go back and fourth between big government and small government.

[Showman]

I grant you that our Congress hasn't been good either, but they don't have the same bully pit that the President has squandered so far (and said some very economically stupid things from... e.g. his last STOTU).

Anyway, fixing Congress would require attracting intelligent people who are interested in legislating. Our current system isn't set up that way.

Certainly agree about Congress.

[Showman]

Except that "creating jobs" here artificially whether through tax incentives or subsidies or regulatory trade barriers is effectively a tax on the US consumer, both directly and indirectly. And, it's the most regressive sort of tax.

The reality is that labor laws, including minimum wage, as well as the overall status of our economy has made manufacturing more expensive here than overseas. Encouraging or forcing companies to act inefficiently won't benefit the economy in the long run.

Of course my strong international free trade policies are also supplemented by a belief that those who reap the benefits of globalization (i.e.the owners and retained employees of a given industry) should pay into a pool that directly assists the "short term losers." I'd love to see that funding go toward retraining and relocation programs, too.

Good post--the tax cuts you mention have certainly not shown a lot of broad-ranging help to the economy, that is true (and why I'd be scared to hand the keys to this car to a Republican President at this juncture, since that's primarily what we'd get, along with a lot less for the short term losers you mention). And of course we've got a Catch 22 on manufacturing; other countries can manufacture for pennies on the dollar compared to here, but if we eliminated a minimum wage and started to put people on the line for $2/hr or what have you, we're probably still not competitive with a variety of 3rd world manufacturers and the worker isn't making a feasible living wage considering our cost of living. I don't know what the magic bullet is (and doubt there is one), but the retraining you mention is huge. I work on the higher end of the staffing industry (i.e. IT, very education/experience intensive) and it remains true that we as a country need to import a lot of workers from other countries who quite frankly have done a much better job of educating their youth for the jobs of tomorrow than we have. Not to say there aren't a ton of good US born workers, and an even larger group of potentials coming up, but they really need a supportive government and I don't know that we've seen that from either party for a long time.

[ThotDoc]

Certainly agree about Congress.

Term Limits......Term Limits................Term Limits

[McKinneyTXHusker]

I think there is zero doubt that the administration's inability to articulate and create a predictable regulatory and taxation scheme have had a significant impact on growth. People are still in "wait and see" mode because his admin seems more interested in campaigning than in governing.

I grant you that our Congress hasn't been good either, but they don't have the same bully pit that the President has squandered so far (and said some very economically stupid things from... e.g. his last STOTU).

Very well stated, cm.

Anyway, fixing Congress would require attracting intelligent people who are interested in legislating. Our current system isn't set up that way.

Sadly, so true...

[Showman]

I don't know, ask your guy that said he'd fix it. He convinced people that he was going to save them all.

He's in process, but boy did he miss that 6 month deadline I pulled out of my derriere. I was just hoping someone else had the magic number he should have been gunning for. 9 months? That sounds fair.