Republicans And Econ 101 — Part 2
When I posted last night about how most candidates have trouble with simple economic concepts, I did not realize that Jim Cramer would be giving a test during the debate. He asked the candidates whether corporations exist solely to create profits, not jobs. The answers, well, were short of perfect:
ROMNEY: This is a wonderful philosophical debate. But you know what? We don’t have to decide between the two, because they go together.
CRAMER: Governor Perry, 30 seconds to you.
Do you think that companies can both be profitable and be able to create jobs? Do you think it’s a dichotomy? Do you think they can do it?
PERRY: There better be.
GINGRICH: Sure. Look, obviously, corporations can and should do both.
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