Overheard on CNN.com: Where do jobs, economic growth come from?
Mitt Romney has called for an apology from President Obama after Democrats scrutinized Romney's departure from Bain.
July 16th, 2012
07:18 PM ET

Overheard on CNN.com: Where do jobs, economic growth come from?

Editor's note: This post is part of the Overheard on CNN.com series, a regular feature that examines interesting comments and thought-provoking conversations posted by the community.

After Democrats talked up reports that Mitt Romney was listed as Bain Capital's CEO after 1999, when he has repeatedly said he left the private equity firm, CNN columnists and our readers are discussing the Republican presidential candidate's views about jobs in America. Romney's date of departure is significant because some of the companies acquired by Bain later shipped jobs overseas. Romney claims he left the company before those decisions were made. Here are some varying views on the presidential race for "job creation."

Mitt Romney's painfully bad week
Facts don't support Obama's charges against Romney

Who are the job creators?

bigdil: "Here's Romney's problem and, for that matter, the GOP's problem: Rich people aren't neccesarily job creators. Some are. Some aren't. Romney can't just say, 'I'm a rich guy. Therefore, I'll be better at creating jobs and fixing the economy than Barack Obama.' Why should anyone believe this argument? Nothing in his Bain experience would suggest any talent in that area. Likewise, there is no reason to think that giving tax breaks to 'job creators' (i.e. rich people) will help the economy. It won't."

eddiev5: "True. But the same problem exists for Obama and modern-day liberals. The government cannot create jobs indefinitely - its not sustainable. You also cant have 'the rich' pay for half a centuries worth of spending - the math just doesnt add up. So therefore, either you tax the middle or lower class more, or you create more debt (which creates more problems), or you get rid of or reform the pricey parts of the budget. These are all options the left wing will not pursue. Big government inevitably grows to the point to where it hinders its own progress by stepping over its own toes. You can actually see this right now with Obamacare and Wall Street Reform. Sure, the GOP has a problem but its really no different than the same hard ideologically stance liberals have taken. They are both not logical."

Many readers said they don't care so much about Romney's business record. But who spends taxpayers' money?

SickofDebt: "Apparently, I'm supposed to be more angry with what Mitt Romney does with his money, than what Obama does with mine."

drewsco: "Your shouldn't be angry with what Mitt did, but concerned, because if he is elected president, then it'll be your money that you may be concerned about."

smeat3: "Obama doesn't spend your money. Congress does. And, even if Obama wasn't president, they'd still be spending it. Probably even more of it if past Republican administration's practices have anything to do with how future ones would operate."

Kimw2012: "I don't care about how Romney spends his money.  I care more about how Obama spends mine.  Most importantly I care about who can spend my money better for the next four years.  If he can not give me a straight answer about his finances he will not give me an answer about how he will spend my money.  He wants my vote and I want information."

This reader said President Obama is going in the wrong direction.

Matt Sitler: "I cant believe Obama said basically the only difference between a deadbeat slacker on government assistance and the owner of a small business is basically the business owner got luckier than the ne'er-do-well. Amazing. Class warfare 101: pit the have-nots against the haves. Occupy, the misleading myth of the 99%. Tell the guy who is pissed off at this lame job the only reason his boss is going better than him is luck, not working harder, not working a full-time job while getting multiple degrees at night over years of sacrifice and effort. Just luck. Obama is a poison to democracy and capitalism. He is as socialist and communist as people say after all!"

This reader is baffled.

intoleranGOP: "I am really getting confused here. Romney is running on his success as a businessman at Bain, but not the outsourcing of jobs, loading them with debt and riding them into bankruptcy. But currently he didn't have ANYTHING to do with it, but was sole shareholder and signed off as CEO. I think it might be easier to document a UFO abduction than learn the truth from Romney. Maybe he better keep the returns hidden!"

Is it all one big board game?

DebofAmber: "I once read a comment that President Obama plays chess while his opponents play checkers. This seems to be the case here."

Michael Smith: "Both are pawns in a greater chess game. Mitt is meant to lose like McCain. Both parties are owned by bankers who make money betting against America. And it only gets easier as we bend over and give them all of our freedoms and liberties to 'protect us' from brown boogeymen. They keep us safe in the short term, but not in the long term. Go to the airport, submit and get a patdown so there's no mishaps on the plane if you don't want cancer from the x-ray machine. What is the point of a safe plane trip if you're still going to get cancer and die?"

Phange: "Mitt Romney's campaign strategies have historically been very conservative until the last minute, in which time he uses extensive saved resources to destroy the character and political image of his opposition. There's no reason to believe that he's not doing that now. Nothing else explains why he's sitting on so much money, and allowing his opponent to chip away. That is a very risky strategy to be sure, but it's also one that people like Newt Gingrich ignored - to their detriment.

George Cook: "Is that supposed to mean he is SMARTER? I'd doubt that he has even sat down with a CHESS BOARD or a CHECKER BOARD. He's been working too hard attending Rev. Wright's mean-spirited lectures and doing his community organizing. He gets an A+ for these activities, because that obviously QUALIFIES him for President and CEO of the Country. Right?"

What's your take on Obama and Romney? Share your opinion in the comments area below and in the latest stories on CNN.com. Or sound off on video via CNN iReport.

Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.

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Filed under: Barack Obama • Business • Economy • Mitt Romney • Overheard on CNN.com • Politics
soundoff (93 Responses)
  1. Mary

    We all know that the majority are the middle and lower class, there lays the answer to the problem of jobs growth. (DUH) therefore, fueling the economy which will generate more money (tax dollars) to pay off the debt rather than looking to tax the 1% which of course wouldn't add up to paying down the trillions in debt and climbing, literally each minute.
    Really among the candidates, who's heard any of them speaking of the small business owner as a logical solution?

    July 16, 2012 at 7:45 pm | Report abuse |
    • Obama Mama

      Taxing the wealthy would pay $447 trillion a year. Not trump change.

      July 16, 2012 at 9:03 pm | Report abuse |
    • Jay jay

      "if I dont have this turned around in three years this will be a one term proposition". -barrack Obama- your wish is our command...

      July 16, 2012 at 9:36 pm | Report abuse |
    • Mrs sippy

      How can team Obama be outraged over romneys outsource exposure when it champions GE, an outsourcing kingdom?

      July 16, 2012 at 11:32 pm | Report abuse |
    • Obama Mama

      @Jay – that is when he had a democratic house and senate. Now he has a non- compliant congress of obstuction, things change, but not republicans.

      July 17, 2012 at 11:17 am | Report abuse |
    • Obama Mama

      Mrs. Sippy- At least Obama wants to make compe-ti -tion (namely wind, solar and alterna tives) to the GE companies which bring down prices. The electric company in our area wants a 14% increase this year, after a 9% increase last year. If you create competi- tion for that company it will bring prices down and create jobs in alternative energy, we are stagnet and need to produce more jobs in new areas.

      July 17, 2012 at 11:23 am | Report abuse |
  2. Joey Isotta-Fraschini ©™

    Jobs come from need.
    A person who needs food and a place to sleep finds something he can do or sell to get what he needs.
    That is what a job is.
    Economic growth occurs when folks want more than they need.
    If somebody else gives you stuff, you really don't have to make a job for yourself.

    July 16, 2012 at 8:03 pm | Report abuse |
    • Jay jay

      very true indeed Joey.

      July 16, 2012 at 8:15 pm | Report abuse |
    • Obama Mama

      @Joey- if this is really you. We have spoken many times about this. And one of the item is with unemployment, President Obama has put into the welfare program is vocational training and work programs, giving the states some room to adapt to what their states need to help people find work and incentives to find work.
      I know you do not like welfare, but here is another progaram aimed at states making a decision to help people get back to work and people are still downing it.

      July 16, 2012 at 9:11 pm | Report abuse |
  3. Jay jay

    Do you folks want a person in the oval office that has a history of making money? The alternative is the other guy who has a history of throwing money out the window(OUR MONEY)...pretty simple way of looking at

    July 16, 2012 at 8:20 pm | Report abuse |
    • Obama Mama

      @jay -If that were true, but it is not. I went to find just that if he has spent more than other presidents, President Obama has spent actually.
      Jay if you go to your site of forbes.com and type who is the smallest government spender since Eisenhauer? Would you believe it is Barack Obama. Here is the graph of spending since Reagan.
      Reagan 82-85=8.7
      Reagan 86-89=4.9
      Bush 1 90-93=5.4
      Clinton 94-97=3.2
      Clinton 98-01=3.9
      Bush 2 02-05=7.3
      Bush 2 06-09=8.1
      Obama 10-13=1.4

      July 16, 2012 at 8:41 pm | Report abuse |
    • Obama Mama

      Do you want a person in the office that has no disclosure and is a vulture capitalist or someone who has proven he goes against the grain and will fight for the middle class.
      I choose President Obama 2012. He makes no excuses for who he is in office for.

      July 16, 2012 at 9:00 pm | Report abuse |
    • Jay jay

      Will never put my faith in a man who claims that no business is successful without uncle SAMs help. Thomas Jefferson is rolling in grave right now. Big govt is never a good solution. But that's all this man has to offer.

      July 16, 2012 at 9:15 pm | Report abuse |
    • banasy©

      If you want someone in the Oval Office that has a history of making money for his company at the expense of sending jobs Americans formerly had overseas, I guess you'll vote for Romney, also the author of Romneycare, which Obama's plan used as the precursor for "Obamacare".
      Vote for whoever the heck you want; if Romney wins, I sincerely hope he is shown the same level of respect in Congress that President Obama has been shown.

      July 16, 2012 at 9:28 pm | Report abuse |
  4. Obama Mama

    Also on forbes.com 35 questions Mitt Romney must answer about Bain Capital before the issue will go away.
    Also I watch meet the press, A CBS program and Chris Wallace. On each of these were people like Karl Rove and Gilispie, Mitts Pr person, each said something interesting, the said Mitt was not in the "Day to Day" operations of Bain Capital during the 1999-2002, but never denied he was CEO and President. So without saying no he was not part of the operation, no he was not CEO, but he was not in the "day to day" operation, he took a leave of absents. You can run a company and not do the "day to day". So the lack of Omission again plagues him once again. He never explains a position.

    July 16, 2012 at 8:50 pm | Report abuse |
  5. Obama Mama

    Where are the Tax returns? New drum beating. Because he has something to hide?

    July 16, 2012 at 8:51 pm | Report abuse |
    • Ancient Texan

      Where are Obama's records that he paid millions to seal and hide?

      July 16, 2012 at 9:36 pm | Report abuse |
  6. Obama Mama

    Jobs need comes if you have them here in the 1st place. If the jobs overseas now are most of the manufacturing jobs and jobs regularly here, I think we have hit the tipping point where more jobs ,are overseas than the jobs that are needed at home to support ourselves

    July 16, 2012 at 8:55 pm | Report abuse |
  7. Mary

    @ Obama Mama, 447 trillion, then by all means tax em! Yet debt will still grow again like weeds. Still small business outweighs BIG CORPA in numbers and has always been the engine behind Americas economy.
    @ Jay jay, lets see if Americans make Obama eat his words come November

    July 16, 2012 at 9:51 pm | Report abuse |
    • Obama Mama

      Yes the middle class small businesses are the engine, that is why Obama gives them all the breaks in taxes and in health care credits.
      In letting the Top 3% pay the past 4 years higher tax rate we could have paid off 2 trillion dollars in debt. In 8 years we could pay off 4 trillion in debt. We could have paid off what Obama racked up.
      Also if you look at my chart it (not a pretty chart) it shows the expenditures of all president in the past 30 years.
      Obama if he had been on his own budget his first year it would have been less. Since presidents are stuck with their budgets of their predicessors budget, because they make them in the year before the new president comes in office, Obama spending would have been less. That is the year that republicans quote.

      July 17, 2012 at 11:34 am | Report abuse |
  8. banasy©

    Whatever November's outcome, it promises to be a contentious summer.
    The fact is, many small businesses are turned down for start-up loans from banks, and they turn to governmental small-business loans for their start-up needs.
    This isn't in any way, shape, or form a slap against small businesses; it is what it is.

    July 16, 2012 at 10:01 pm | Report abuse |
  9. Jeff Frank (R-Ohio) "Right Wing Insanity"

    The government can tax wealth. The government can redistribute wealth. But the government never has, is currently, or ever will "create" wealth. Obama, Romney, or whosoever thinks they can.

    July 16, 2012 at 10:06 pm | Report abuse |
    • Obama Mama

      The government can tax outsourcing, the government can close loopholes that the middle class do not get because they do not have the wealth to hide behind. The wealthy are granted many more tax shelters than the middle class, they also have insider info that allows them to grow their wealth that you and I do not have access to. The wealthy have created these tax havens for themselves and who do you think ends up paying for it? the middle class. So this is not a war on wealthy, as it a defense of fair share and equal playing field.

      July 17, 2012 at 11:42 am | Report abuse |
  10. Mary

    @Jeff Frank (R-Ohio) "Right Wing Insanity"

    "The government can redistribute wealth."
    I'm not going to bust my hiney to have some one else sitting on his toosh getting my money so that we are all equally economically sound, no way jose !

    And its the Government start up loans as I've understood in the past that fuel these small start up businesses
    Why a majority of them fail is not my area of expertise. A few as I have checked are:
    Demand for product at a rate that produces profit
    Growing too fast or in area that aren't profitable
    Poor accounting
    Lack of cash cushion
    And the one we all know ... Location Location Location !
    Small business owner and their customers are the ones who know best, the reasons and cures to drive this economy to success, NOT BIG CORPA
    One problem tho, what about those greedy bas tards in the BIS ?
    Are they a factor? Anyone know?

    July 16, 2012 at 10:24 pm | Report abuse |
  11. Jeff Frank (R-Ohio) "Right Wing Insanity"

    I'm just a nobody, but I will try to answer the question, instead of going into a rant about candidates.
    Where do jobs, economic growth come from?
    The jobs are preconcieved work to be executed by salaried individuals, for promoting the supply and demand of goods and services that make our economy.
    And economic growth does not occur by massive, expansive government, but rather by making a profit margin to expand business.
    Are we doing OK?

    July 16, 2012 at 10:25 pm | Report abuse |
    • Obama Mama

      The government has become smaller and government of regulation helps grow the wealth of individuals if it is for all and not made for a few who have taken our government and made our govenrment their private playground for the rules to make them wealthier and the masses to pay for it.
      Democracys Critics, Aristophane, Plato, and Thucydides, "radical democracy empowered people who did not have the skills or virtues necessary for seeing beyond their immediate private interest and desires in order to choose policies that benefitted the state as a whole, both in the present and the future.

      July 17, 2012 at 11:50 am | Report abuse |
  12. Portland tony

    When a lot of. folks have money to buy stuff, wealth is generated. When people hoard or don't have any money to buy stuff, our economy tanks.

    July 16, 2012 at 10:34 pm | Report abuse |
  13. banasy©

    Congressional spending is out of control.
    I am not pointing fingers as to the parties holding these positions in Congress, but it needs to be said that their spending patterns over the last few decades as increased as expotentionally as our deficit has.

    July 16, 2012 at 10:39 pm | Report abuse |
  14. Mary

    @ Jeff Frank (R-Ohio) "Right Wing Insanity", Good start. 🙂
    @ Portland tony. Right. When a the Government throws money into the businesses that create those jobs for mass peoples, and Business owners along with dependable employees who want to help the business grow... your on the right track their as I see it , for what this lay persons opinion is worth.
    @ banasy©, Congressional spending in the right areas IS the operative words and has been lacking for too long. They like so many failed small businesses, need to spend OUR money wisely
    Nite all. Way past my bed time

    July 16, 2012 at 10:46 pm | Report abuse |
  15. Portland tony

    All you anti offshore job folks....especially in manufacturing, the damage has been done. If I would open a brand new manufacturing plant and advertise for 10K experienced machinists and programmers say in Kansas or Texas it would take a year, if then, to manufacture even a candy bar. Whereas in China I could be making product in as little as two weeks. We in America need to turn to emerging technologies and get some friggin' people some skills to work.

    July 16, 2012 at 11:06 pm | Report abuse |
    • Mrs sippy

      GE employs about 300000 people...

      July 16, 2012 at 11:41 pm | Report abuse |
    • Mrs sippy

      And fewer than half are here in the USA...

      July 16, 2012 at 11:42 pm | Report abuse |
    • Mrs sippy

      obama is a huge fan of GE CEO...

      July 16, 2012 at 11:45 pm | Report abuse |
    • Mrs sippy

      jeffrey Immelt. At obamas request...

      July 16, 2012 at 11:46 pm | Report abuse |
    • Mrs sippy

      he agreed to head a council...

      July 16, 2012 at 11:47 pm | Report abuse |
    • Mrs sippy

      on jobs. Lmao!

      July 16, 2012 at 11:49 pm | Report abuse |
    • Mrs sippy

      brought to you by jay jay!

      July 16, 2012 at 11:52 pm | Report abuse |
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