NY Times: After a Romney Deal, Profits and Then Layoffs

And, we're off:

http://www.nytimes.com/2011/11/13/us/politics/after-mitt-romney-deal-company-showed-profits-and-then-layoffs.html?_r=1&hp=&pagewanted=all

 

Unintended human costs? What was unintended about them?

 

Did we all not know this already? Greed is good; Brione suit; cut payroll; raise profits; waiter I'll have the bay scallops?

 

Order the Digby scallops. They're the best, and they're flown in daily.

 

Old story, and Mitt's greatest burden, aside from his being a wooden stiff: his history as a career slash-and-cash "artist".

Good luck selling that in Pennsylvania and the other blue-collar outposts.

 

I'm sure Mr. Shoemaker will have a new job soon in an Obama campaign ad.

 

That and these biographical facts:

--is a rich (former) governor
--dad was a wealthy politician who ran for president
--dad was named George
--one of his first two initials is W.

 

An old story, sure, for those of us who are political junkies.

For the other 90 percent of the country, who barely know him, these kind of facts are not in their minds yet. Neither are they aware of his stint as a Mormon bishop.

And despite this, he STILL trails Obama.

No wonder the GOP is floundering around looking for any possible alternative.

 

Gordon Gekko approves.

 

The same thing is true of all the "business wizards" pushed forward as GOP darlings. They never create jobs -- not a single one -- they pump up corporate profits (usually temporarily) by slashing payrolls and throwing people out of work.

Cain and Fiorina particularly flagrant examples. Also several of the leading lights of the current GOP-wingnut governor cadre, like Scott and Snyder.

Not unintended, just ungiven-a-shit-about.

 

This really should not come as any real surprise. It's what private equity firms do. They buy undervalued businesses, put their management expertise to them and build their value. Happens all the time.

Not a huge Romney fan, but just once I would like to see a business man take over country and apply some business logic towards a more efficient government.

 

How much expertise does it take to say "let's get rid of half of the workforce?"