The next time someone tells you, "I'm a capitalist," go ahead and answer, "No, you're not." You'd just be playing the odds. A capitalist is defined as "A wealthy person who uses money to invest in trade and industry for profit in accordance with the principles of capitalism." In other words, probably not you or the person you're talking to. "Capitalist" is synonymous with "financier."Also, notice the term "job creation" isn't anywhere in the definition. People don't invest to create jobs, they invest to make money. In fact, whether any jobs are created by the investment is entirely beside the point. In many cases, jobs are lost. The people Republicans hold up as the high-minded "job creators" not only aren't interested in creating jobs, but they'd really rather not. When you're maximizing profits, you want as few employees as possible. After all, you're in the business of writing your own paycheck, not someone else's.
When it comes to what Republicans call "job creation," they'd rather you didn't see how the sausage is made. Because when you get right down to it, it looks pretty heartless. If hiring someone means you'll make money, you'll hire someone -- and if firing someone means you'll make money, they're out. The "job creators" have been doing one helluva lot more firing than hiring lately, which makes the GOP's favored term for capitalists a lie. After all, one would assume that a "job creator" actually would get around to creating some jobs. Lately, they've been acting as "job destroyers."
Which brings us to a guy named Willard "Mitt" Romney, son of wealth, former vulture capitalist and professional job destroyer. Remember the villain in all those movies -- you know, the ones where there's a hostile takeover and rich corporate-type wants to sell off all the company's assets and fire everyone? Yeah, those movies. That's Mitt Romney, CEO of Bain Capital. He's that guy...[CLICK TO READ FULL POST]
