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."

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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. drap

    so your voting for romney... .?

    July 16, 2012 at 11:17 pm | Report abuse |
    • Portland tony

      Not on his record! My point is that we have lost the edge in industrial engineering. At the start of WWII it took Ford 2 months to switch from making cars to making aircraft. Granted different era. But we in america don't have enough skilled workers to start a manufacturing economy all over again. Lord, there's gotta be something out there that we're good at!

      July 16, 2012 at 11:29 pm | Report abuse |
    • Dwayne

      Capitalism is war; socialism is peace. I am not voting for Romney. He has no compassion for the average man. Romney is stuck in selfish personal interests, while 0bama can be relied on to push for economic equality and fairness.

      July 17, 2012 at 8:34 am | Report abuse |
  2. Jeff Frank (R-Ohio) "Right Wing Insanity"

    Thanks Mary. OK. Let's keep Obama out of this conversation. Also let's keep Romney out of this conversation as well. I don't think government loans are a bad thing persay, but in light of Solyndra, the taxpayer will never see a return on this, because Solyndra "is" bankrupt.
    Where's Saturn, did they got to D.C. for a bailout? I don't know if they are a closed shop with the UAW or not. Anybody? Here's American by American, you see? They are not that old.

    July 17, 2012 at 12:04 am | Report abuse |
  3. drap

    can you get steak and eggs for b-fast in China... .? I love the U.S.A... .?

    July 17, 2012 at 12:10 am | Report abuse |
  4. Mr Dalloway

    Romney's soul is as empty as his head.

    July 17, 2012 at 12:15 am | Report abuse |
  5. Jeff Frank (R-Ohio) "Right Wing Insanity"

    @Thelma Lou Brickmore
    Look. I'm plumb out of hog jowl and blackeyed peas. Lady down the street might have some Gumbo you might be interested in.

    July 17, 2012 at 12:17 am | Report abuse |
  6. Mr Dalloway

    Slap tariffs on imported goods and that will somewhat help the situation.

    July 17, 2012 at 12:22 am | Report abuse |
    • phunk

      Then they slap tariffs on our goods. Its been tried, several times in the past, it doesn't work. Look up the Hawley-Smoot Tariff act to see why. Not to mention it raises the price on most of our consumer goods at a time where people can't afford it. So now you have our factories closing and moving overseas (less jobs) and higher prices. Tariffs never work.

      July 17, 2012 at 8:00 am | Report abuse |
  7. TvNyC

    So here's ”THE DEAL” we all need to take a break from work that we don't like to do, and instead do work that we are good at and do work that we actually like. Our problem is that we are comfortably lazy. We need to work harder and go towards getting two full time jobs for a while. As long as the second job is something you like and your good at. Everybody is unique, we need to try harder to achieve our full American dream, American power, American intellectuality, and finally our allies can follow our moves and achieve what God really wants us to do.

    July 17, 2012 at 12:30 am | Report abuse |
    • phunk

      Two full time jobs when millions can't even find one? That sounds like a great plan (eyes rolling). Same with the rest of your nonsense posts. So you think a test can determine what you should do in life? They had that already. It was called the Soviet Union. If that's what you want, head to Cuba. I hear its working wonders for them down there.

      July 17, 2012 at 8:05 am | Report abuse |
  8. TvNyC

    Successful story begins here.

    July 17, 2012 at 12:31 am | Report abuse |
  9. TvNyC

    Are you thinking what I'm thinking, why cant we be tested at what we're good at. If we end up good at it, we can excel.

    July 17, 2012 at 12:43 am | Report abuse |
  10. Ofosho!

    lol i think im votin OBAMA MAMA! She got a head for figures or the reverse. Anyway, she sounds like she got the skinny on whats goin down!

    July 17, 2012 at 1:47 am | Report abuse |
  11. Hope

    IMO jobs don't create economic growth when the jobs are created and funded by government, at least not in the short term. It costs taxpayers trillions of dollars to fund a federal project, up front. Assuming the funds used to finance such an undertaking is borrowed, the rate of return has to be extraordinarily high in order to service the debt and growth comes from years and years of stability in the market or trade into which the money was invested. Investing money, whether the investment is public or private, both require a stable market to begin with. It is for this reason that many potential investers are sitting on their reserves because not only is our market failing, but markets all over the world are failing and have been for some time. No one is in a rush to lay out their capital in an unstable economy.

    The key, imho, is to create jobs based on future markets. By that I mean investing money in new designs and incentives. I think Obama was on the right track in inventing renewable energy sources anything in the field of technology that helps us by-pass rising fuel costs including everything from the development of alcohol/methanol or public transportation such as light rail is an investment in the future.

    We've had the technology for years... Nascar engines have used methane for years. It burns cleaner with less pollution and it's cheap, made from sugarcane. Henry Ford had it right the first time around.

    Alternatives to oil will not be the most popular investment on Capitol Hill, but it's the peoples choice... one our children could live with.

    Hope

    July 17, 2012 at 2:02 am | Report abuse |
    • Gymie hyndryx

      Mizz sip got a good point tho

      July 17, 2012 at 2:21 am | Report abuse |
    • Hope

      Yep... and Formula race cars run on it, too.

      Love,
      Miss Zip

      😉

      (Not jist a pretty face)

      July 17, 2012 at 2:43 am | Report abuse |
    • phunk

      By the way: one thing to shoot a hole in your theory is the fact that markets are up almost 8% this year and 105% since the market crash in March of 09. Only European markets are down. The rich aren't investing and are sitting on the sidelines because right now their wealth is growing through tax cuts so they don't need to risk money to have it grow. They know as long as Norquist is fighting for them and against America then they will be just fine on the sidelines for now. Because we all know how much "job creation" they actually do.

      July 17, 2012 at 8:10 am | Report abuse |
    • Obama Mama

      @Hope President Obama has a vision, he and his PR people are not good at deciphering and getting the message out.

      July 17, 2012 at 11:57 am | Report abuse |
  12. Liki liki

    I give hope in my truck. It'll make it to Vegas even if I forgot to charge.

    July 17, 2012 at 2:11 am | Report abuse |
    • phunk

      So what's wrong with paying less money to get there? That's what I don't understand about the pro-oil folks. Nobody is saying you have to give up your truck, just get an alternative fuel developed that costs less in dollars and environmental/geopolitical concerns. Would you rather keep paying $60 and up to fill that truck or $60 once per year?

      July 17, 2012 at 8:13 am | Report abuse |
  13. Hope

    Sounds like you're running on blind faith. You can keep your truck, just change your fuel. Simple.

    😀

    Good Luck in Vegas!

    July 17, 2012 at 2:25 am | Report abuse |
  14. Bozo

    vote for Joe Bidden.....a good fun loving clown....we can laugh our way out of poverty

    July 17, 2012 at 11:26 am | Report abuse |
  15. Obama Mama

    I happen to like your new name. Did I studder?lol I did try your old name and it will not let me.

    July 17, 2012 at 11:59 am | Report abuse |
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