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JDPriestly

(57,936 posts)

31. How would you solve the problem of unemployment and the poverty that is spreading across the US?

Thu Jul 19, 2012, 04:13 AM

Jul 2012

It isn't a matter of increasing productivity. That won't make us a healthy economy. That will just make us more divided than every between the prosperous who have the hard-to-get jobs and the impoverished who can't get work.

How do you think we could create more jobs?

Education is not the answer. We have many, many well educated young graduates who can't find work. I've known of PhDs in science areas who spent a couple of years trying to get a job. Insufficient productivity and lack of education are not the problems -- at least not in California. Outsourcing and importing are the problems in my opinion.

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Bain Capital did NOT create wealth. It moved it. (x-post) [View all] bleever Jul 2012 OP

Bain also raised taxes... Historic NY Jul 2012 #1

VERY well said. They sucked the lifeblood out of American towns. bleever Jul 2012 #18

So if the Mom and Pop store that employs you can no longer afford to keep you dkf Jul 2012 #2

The problem arises when companies like Bain pit our workers against 50c-per-hour labor overseas. reformist2 Jul 2012 #3

Excellent distinction, and add the fact that they had taxpayers assume the risk bleever Jul 2012 #5

Maybe that's why Bain has to move because they can't compete either dkf Jul 2012 #9

Bain is one of the companies that created the race to the bottom that is hurting our entire country. JDPriestly Jul 2012 #16

Funny thing is its now cheaper to manufacture in Mexico but they are still going to China. dkf Jul 2012 #19

That is insane. And I think you know it. reformist2 Jul 2012 #21

How would you solve the problem of unemployment and the poverty that is spreading across the US? JDPriestly Jul 2012 #31

So where do you draw the line? treestar Jul 2012 #13

A false equivalency, and exactly what I'd expect from you. Scuba Jul 2012 #20

The Mom and Pop store doesn't go out and leverage their business to the hilt and then ... Ganja Ninja Jul 2012 #23

bain capital follows in the well-trodden footsteps of mike milken. same kind of 'wealth creation'. HiPointDem Jul 2012 #4

I have heard (Ian Masters I think on KPFK in Los Angeles) that Milken helped fund Romney when he JDPriestly Jul 2012 #32

I prefer the term....."Extracted" yourout Jul 2012 #6

+1 freshwest Jul 2012 #12

And he won't make change for a $20. lonestarnot Jul 2012 #7

I'm missing the reference. bleever Jul 2012 #8

Have change for a $20? lonestarnot Jul 2012 #11

Makes me think of a favorite scene from an ooold Popeye cartoon, where Wimpy bleever Jul 2012 #14

LOL. Sound about like the Wimpy dude. lonestarnot Jul 2012 #29

GOOD one, bleever! Should be said, read, and SPREAD. calimary Jul 2012 #10

I'd send it to Axelrod, but I think he's pretty darn on top of this. bleever Jul 2012 #15

Never mind. Send it to Axelrod anyway. calimary Jul 2012 #30

They used to call them "robber barons." SunSeeker Jul 2012 #17

Bain stole it is the proper term. Ganja Ninja Jul 2012 #22

The while financialization of the US economy is just about moving money around Patiod Jul 2012 #24

. bleever Jul 2012 #25

That is excellent...and the truth riverbendviewgal Jul 2012 #26

If I understand some of the actions of Bain correctly, they legally stole wealth from other people. upaloopa Jul 2012 #27

That's the new American business model. Turbineguy Jul 2012 #28

Wealth through IPO's flyguyjake Jul 2012 #33

Romney’s Success at Bain Capital: The Business as Scam Model polly7 Sep 2012 #34

That's a nice concise summary of Bain's modus operandi. bleever Sep 2012 #35