Monday, August 27, 2012

Business & Government

Interesting thoughts from Barton Gellman in his cover piece, "The Mind of Mitt," in Time Magazine.  Much has been made of Mitt Romney's business credentials, but I have always been skeptical that such a background qualifies someone for political office, especially the Presidency.  For, there is very little evidence that good businessmen make good presidents.  And, as several analysts have pointed out about Mitt's pledge to "create jobs" because he knows how to do that, his background in finance and private equity was never about creating jobs.  Private equity in no way has a goal of job creation - and it usually works in reverse.  Thus, I continue to be skeptical of the business background argument in relation to elected office.  In reality, these are two entirely different fields.  Business is not governing, and government is not a business.

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