The New York Times’ David Brooks wrote a piece about Mitt Romney’s experience at Bain Capital and how private equity has been benefiting American business and the economy for the past forty years. I think Mr. Brooks did a better job at explaining old Mitten’s experience and the concept of private equity much better than the presumptive GOP candidate has.
Mitt Romney’s problem is that he hasn’t educated the American public on what he did at Bain and how that experience can be beneficial to government and the economy. All he does is assert that he knows the economy because he was in the private sector. That’s not good enough.
Being able to run valuations and wine and dine loan officers into lending you money to buy a fixer upper isn’t exactly economic management 101. The economy is about managing our resources so that we, as a collective, are prosperous. Analyzing Mittens under this framework, I can only conclude that he hasn’t sold me on economic management acumen.
Not to say Barack Obama is any better, but if you are the contender, you have to do more than throw a few jabs. You go for the knockout.