Dave Johnson On Mitt Romney's "I Created Jobs At Staples" Claim

Did Bain Capital, the private equity firm that Mitt Romney headed, actually create 100,000 new jobs at Staples when it became a major investor in the office supply chain? Or were workers the net losers in this case of creative destruction? Dave Johnson explains his contention that at best, Staples shifted jobs from smaller competitors it put out of business, and in many cases it replaced living wage jobs with jobs barely above minimum wage. Staples may be a good place to buy pens and paper, but it's not a good model for how we should rebuild a middle-class economy. Johnson talks about the policies that we really need for good jobs and a strong middle class.

Also: Read Dave Johnson's post on Staples and the 100,000 jobs claim. [1]