Main Street vs. Bain Street

When President Obama, speaking today in Chicago at the NATO Summit, was asked about Cory Booker’s comments on Meet the Press on Sunday, he used the opportunity to question the applicability of Mitt Romney’s record and experience at Bain Capital.

The President sums it up:

“When you’re President, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”

I’ve been harping on this for a while now.

There is no logic that I can think of that justifies Romney’s assertion that experience managing a private equity firm is the skill set needed to be President of the United States. Are there significant components related to finance that are part of a president’s job? Of course. But if one makes the same decisions as a president that one would as a private equity firm manager, one excludes most of America from the mix.

On the campaign trail, Romney is hiding from his record as Governor of Massachusetts so, if anything, the single-focus of business experience that Romney is touting as his primary selling point only proves how well rounded he isn’t.

Virtually lost in today’s hubbub about Cory Booker’s statements and President Obama’s response to them is the fact that the President was addressing a NATO summit.  Although this barely got reported on today, he spoke of strengthening the commitment of our NATO partners with regard to Afghanistan, he reminded us of the U.S. and NATO role in helping to overthrow Gaddhafi and to get Libya farther down the road to peace and prosperity, and he addressed the subject of European missile defense and the role that it plays in combating terrorism.

Considering the import of the issues being discussed at that conference, could a more stark contrast be drawn with the myopic campaign tactics of Mitt Romney?

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