Krugman on Romney
Paul Krugman writes
"Romney claims that Obama has been a job destroyer, while he was a job-creating businessman. For example, he told Fox News: "This is a president who lost more jobs during his tenure than any president since Hoover. This is 2 million jobs that he lost as president." He went on to declare, of his time at the private equity firm Bain Capital, "I'm very happy in my former life; we helped create over 100,000 new jobs."
But his claims about the Obama record border on dishonesty, and his claims about his own record are well across that border. Start with the Obama record. It's true that 1.9 million fewer Americans have jobs now than when Obama took office. But the president inherited an economy in free fall, and can't be held responsible for job losses during the time before any of his own policies had time to take effect. So how much of that Obama job loss took place in the first half of 2009? The answer is: more than all of it. The economy lost 3.1 million jobs between January 2009 and June 2009 and has since gained 1.2 million jobs. That's not enough, but it's nothing like Romney's portrait of job destruction"
As Krugman shrewdly points out, Mitt Romney is not a true job creator. He just bought corporations and sold them. He essentially represent millionaires who had lot of money to speculate on various corporations and tried to see if they get a return. They did not serve to increase the wealth of this country, but rather to speculate and profit on the back of others.