Romney’s Private Sector Record Isn’t the Point

His stint at Bain Capital isn't what matters in his presidential run

   

Mitt Romney, now the winner of his party’s first two contests in the 2012 presidential race, loves capitalism. He’s eager to brag about his experience in the private sector, as do his supporters. Democrats and GOP presidential opponents love to point out that Romney’s resume is littered with bankrupt companies and laid-off employees.

None of it matters.

For one thing, as Paul Krugman noted recently in