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Letter to the Editor: April 9
Published 4/9/2012
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Editor:

Friday's column, "Romney's riches are nothing to mock," does a public disservice by portraying Mitt Romney's business experience with Bain Capital as positive for citizens.

Rather than trust an official campaign website, like the column's writer did, I googled "Bain Capital," then added "layoffs" to remove the campaign sites. More than a quarter-million hits remained detailing the layoffs, which typically occur after a Bain Capital leveraged buy-out (look it up). In fact, Romney's 1994 Senate campaign was undercut by factory workers left unemployed by his company. Although he would prefer his "business experience" to translate as "job-creation skills," all the evidence points to the contrary.

What would the country's unemployment look like under Romney? After his first year as governor of Massachusetts, the state ranked dead last in jobs. That same year he approved raises for managers across state government. By the end of his term the state still ranked fourth from last.

What did the Boston Globe op-ed actually report in July 2007? The economic researchers at Northeastern University's Center for Market Studies said, "On all key labor market measures, the state not only lagged behind the country as a whole, but often ranked at or near the bottom of the state distribution ... Massachusetts ranked third lowest on this key job generation measure and would have ranked second lowest if Hurricane Katrina had not devastated the Louisiana economy ..."

From 2003 to 2007, the nation boomed — but Massachusetts did not.

Romney may be a businessman, but it should not dismiss thorough public scrutiny of his ability and motivation (or lack thereof) to create jobs.

Patrick O'Keeffe
research faculty, civil and environmental engineering 

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