A nation is not a business: Paul Krugman
President Obama gets this exactly right: "When some people question why I would challenge [Mitt Romney's] Bain record," he told CBS News on July 13, "the point I've made there in the past is, if you're a head of a large private equity firm or hedge fund, your job is to make money. It's not to create jobs. It's not even to create a successful business — it's to make sure that you're maximizing returns for your investor."
A country is not a company — and it's definitely not a private equity firm.
And here's the thing: Mr. Romney is running for president entirely on the basis of his business success. In a better world he could be running on the basis of his successful health reform, but now he's condemning that very achievement.
In a better world he could actually be running on the basis of coherent policy ideas, but instead he's offering nothing but a mix of tax cuts for the rich and benefit cuts for the middle class so extreme that focus groups refuse to believe that this is his actual proposal.
http://truth-out.org/opinion/item/10516-a-nation-is-not-a-business
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