What many people don't realize is that Bain Capital, the private equity firm founded by Mitt Romney, recently "analyzed" Clear Channel's staffing and determined that certain jobs were "redundant, unnecessary or could be done by a computer rather than a human being. Thus, 1,850 people at Clear Channel (largely owned by Bain Capital and Thomas H. Lee Partners) were fired in January of 2011 and 590 more were let go in a later round of cost cutting that left Becka and Wingert unemployed.
Recently, the New York Times took note of Mitt Romney's continued profiteering via Bain Capital:
During his political career, Mr. Romney has promoted his experience as a businessman while deflecting criticism of layoffs caused by private equity deals by noting that he left Bain in 1999. But records and interviews show that in the years since, he has benefited from at least a few Bain deals that resulted in upheaval for companies, workers and communities.
And then, sometimes, a founder of the company will run for office, touting his business experience, and hiding his history of destroying pension funds and/or eliminating or outsourcing jobs to boost the bottom line of the businesses he buys, plunders and flips.
Unfortunately, many voters whose knowledge of economics comes from right-wing talk radio or political ads don't realize that creating wealth and creating jobs are NOT the same thing; in fact, they are frequently at odds with each other.
Among politicians, Romney, now worth about $250,000,000, is a poster boy for hardball, kick-employees-to-the-curb capitalism.