More than two decades ago, Mitt Romney's business venture came to town with a bounty of highly anticipated manufacturing jobs. The new plant, just past the gas station off Interstate 85, needed skilled workers to churn out thousands of photo albums.
Four years later, the Holson Burns Group Inc. — the company controlled by Romney's Bain Capital LLC — closed the factory and laid off about 150 workers. Some jobs were sent north, where months later many of those were also eliminated. Other operations went overseas.
But Bain walked away with millions in profits. AP
Monday, December 19, 2011
Romney's Career of Slashing and Profiting
Further evidence that companies aren't in business to create jobs. In fact, if companies could have an all-robot workforce, know that they would. Companies aren't job creators. They're wealth creators. They create wealth for the owners and executives, wealth that tends to get hoarded, not trickled down. I don't understand why people fall for the republican bunk. This is just business 101.
Posted by Olga at 1:39 PM