The truth is that even if Mr. Romney had been a classic captain of industry, a present-day Andrew Carnegie, his career wouldn’t have prepared him to manage the economy. A country is not a company (despite globalization, America still sells 86 percent of what it makes to itself), and the tools of macroeconomic policy — interest rates, tax rates, spending programs — have no counterparts on a corporate organization chart. Did I mention that Herbert Hoover actually was a great businessman in the classic mold? ...Paul Krugman, NYT
Romney continues to stride forward into the future... Or rather, he seems to be careening forward on mismatched shoes, the right shoe on the left foot, the left shoe on the right -- and one of them has a piece of gum on the heel. He can't seem to get unstuck from a healthcare system of which he's entitled to be proud. Instead, he boasts about his business background -- and it turns out to be shady, at best. And anyway, a business background isn't notably helpful when it comes to running a country. Think Hoover.
But Romney does have one good point, sort of. He's not the only businessman who killed jobs here in America when he took up the practice of outsourcing -- of sending jobs overseas. It's just that a vast number of us could be called "ordinary America workers" and Romney's clique have spent their lives destroying our lives.
Just to be clear, outsourcing is only one source of the huge disconnect between a tiny elite and ordinary American workers, a disconnect that has been growing for more than 30 years. And Bain, in turn, was only one player in the growth of outsourcing. So Mitt Romney didn’t personally, single-handedly, destroy the middle-class society we used to have. He was, however, an enthusiastic and very well remunerated participant in the process of destruction; if Bain got involved with your company, one way or another, the odds were pretty good that even if your job survived you ended up with lower pay and diminished benefits.
In short, what was good for Bain Capital definitely wasn’t good for America. ...Paul Krugman, NYT
If you're a little confused about Romney's position on health care and a mandate/tax/penalty, just check what Romney actually accomplished as governor of Massachusetts.
Massachusetts residents who file a state tax return have to provide proof that they have health insurance. If they can afford insurance but don’t have it, they must “pay a penalty through their tax returns,” according to the state Department of Revenue’s Web site.
This is all thanks to former Gov. Mitt Romney, who set up the system — the best of its kind in the country — and is now trying to pretend he doesn’t remember how it works. ...NYT editorial board