Sunday, May 27, 2012

David Stockman Talks about Romney Job Creation

David Stockman on Fox Business News re Romney's job creation claims:
"I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits…All the jobs that he talks about came from Staples. That was a very early venture stage deal. That, you know they got out of long before it got to its current size."

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