Did Anyone Else Think This Romney Line Was A Bit Rich Considering His Former Profession?

August 31, 2012

mitt romney rnc speech 4x3

Screenshot

Yes, I know how much it sucks. I’ve fired a lot of people like you.

See Also

Matt Taibbi Lambastes Romney's Time At Bain—Here Are The Highlights!

Romney laugh line

Here's The Line Everyone Will Be Talking About From Mitt Romney's Speech

I liked Mitt Romney’s convention speech. And I’ve always been impressed with Romney’s business acumen.

But one line of Romney’s speech did jump out as an eyebrow-raiser given Romney’s prior profession and tax and policy priorities.

In the middle of a section of the speech aimed at the middle class that might have been summarized as “I feel your pain,” Romney said the following:

…when you lost that job that paid $22.50 an hour with benefits, you took two jobs at 9 bucks an hour and fewer benefits.

In Romney’s prior profession—corporate consulting and company-restructuring—eliminating jobs that pay $22.50-an-hour-plus-benefits in favor of $9-per-hour jobs or, better yet, no jobs, is generally viewed as a shrewd money-making move, not a bummer.

And I am confident that Romney’s Bain Capital helped eliminate thousands upon thousands of those jobs over the years.

And it’s not as though Romney’s stated presidential policy plans address the loss of $22.50-an-hour-plus-benefits jobs. On the contrary, Romney’s policies are designed primarily to put more cash in the hands of companies and investors, not in the hands of folks who are working two $9-an-hour jobs. Romney is certainly not proposing any huge hikes in the minimum wage or encouraging companies to pay their workers more or suggesting tax changes designed to incent increases in hiring and compensation or anything.

So as one Twitter user observed last night—Paul Begala, I think—when Romney spoke that line, what most Americans probably heard was this:

When I laid you off from that job that paid $22.50 an hour, you took two jobs!

SEE ALSO: That Romney Line People Are Outraged About Actually Got At A Profound Truth

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Like Box

- Facebook Members WordPress Plugin

Links

  • 4 Hour Workweek Blog
  • All Things Digital
  • Beyond The Pedway
  • Business Hackers
  • Entrepreneur.com
  • Fast Company
  • Gigaom
  • Hacker News
  • Jonathan Fields
  • Mashable
  • Mixergy.com
  • Read Write Web
  • Seth Godin's Blog
  • Startup Nation
  • TechCrunch
  • The Next Web
  • Venture Beat