In the past, I took aim at the concept of “job creators.” This term has been manipulated and contorted into a Fox News slogan for reverse classism — pitying the 1 percent because they are somehow being threatened. Well finally, someone at CNBC — Jim Cramer, no less — is critiquing the great myth of the American job creator class. Go Jim!
What’s your take, can private equity firms like Carlyle and Blackstone create jobs? Why or why not?
It’s always hard to tell with these “talking heads” if they really believe what they are saying, or if it’s just about getting paid for them. Thoughtful post Sam. I just don’t have any way of making a thoughtful comment about it. I admit I just don’t follow high finance stuff enough to feel like I have a quasi-intelligent thing to say. But it is something to chew on. I always enjoy snippets of Cramer. He’s a character, but he seems more genuine than most.