Earlier quoted context omitted.
Because a magnetic shield will prevent the solar winds from wiping your atmosphere. Without a spinning core, Earth would be like Mars. Of course you can live in caves instead of trying to terraform Mars, but doesn't sound so fun.
If we had the ability to terraform Mars wouldn't we just terraform Earth?
I am also not sure that it is possible to 'terraform' Earth. 'Terraform' means 'to make like Earth', and Earth is as Earth-like as is possible, no matter how hot or cold it is.