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 The New York Times, Romney is inflating his job-creating prowess while he was at private equity firm Bain Capital. The former Massachusetts governor’s claim that he created more jobs — 100,000 — than President Obama, who Romney says lost about 2 million, also is suspect. Romney’s record, which is hardly shocking considering that he invested in distressed companies, is also ancient history: He left Bain in 1992. Read