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President Barack Obama questioned presumptive Republican nominee Mitt Romney's economic credentials, saying that while his tenure at private equity firm Bain Capital doesn't "disqualify" him from running for president, it won't necessarily translate into job growth for Americans.

"When some people question why I would challenge his Bain record, 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. Now that's appropriate. That's part of the American way. That's part of the system. But that doesn't necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced.

ASUG8 wrote:Hmmm....our community organizer in chief that ran on hope and change vaporware now questions that a candidate who created a multimillion dollar venture capital company, was a state governor, and pulled off coordinating a winter Olympiad is qualified to think about the big picture?

ASUG8 wrote:http://www.cbsnews.com/8301-505267_162- ... ?tag=stack

President Barack Obama questioned presumptive Republican nominee Mitt Romney's economic credentials, saying that while his tenure at private equity firm Bain Capital doesn't "disqualify" him from running for president, it won't necessarily translate into job growth for Americans.

"When some people question why I would challenge his Bain record, 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. Now that's appropriate. That's part of the American way. That's part of the system. But that doesn't necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced.

Baldy wrote:

ASUG8 wrote:http://www.cbsnews.com/8301-505267_162- ... ?tag=stack

Lemme get this straight, a man who has absolutely zero business experience is questioning the business qualifications of a man who started and built a multi-billion dollar international corporation?

Talk about an "arm chair quarterback"....we have us an "arm chair president".

dbackjon wrote:Romney is great for the economy - of China.

For the United States, his policies would be a disaster.

dbackjon wrote:Romney is great for the economy - of China.

For the United States, his policies would be a disaster.

dbackjon wrote:Romney is great for the economy - of China.

For the United States, his policies would be a disaster.

LeadBolt wrote: No, we have a choice between two men, neither of whose father's were born in the US.

One father was successful in the automotive industry, before becoming Governor of Michigan and leading the State out of a fiscal crisis, while raising his family.

The other was an oil company and government economist who abandoned his families, was fired from his job and had an alcohol problem.

kalm wrote: BTW, how many jobs did Romney create as governor?

Rob Iola wrote:Bain. Governor of MA. Olympics.

Guy has economic quals.

dbackjon wrote:Romney is great for the economy - of China.

For the United States, his policies would be a disaster.

Ibanez wrote:

dbackjon wrote:Romney is great for the economy - of China.

For the United States, his policies would be a disaster.

Thank you for the complete analysis.

Wedgebuster wrote:Well, everybody can see how further tax cuts for the "job creators" is the fix for this economy.

What could be so difficult about that? Just pisses me off that things were not that simple back when I took Econ 101, I could have got an A without even having to go to class.

dbackjon wrote:

Ibanez wrote: Thank you for the complete analysis.

Romney was a job destroyer. All you need to know.

He will create plenty of jobs - just gotta move to China/Vietnam, etc to get them.

GannonFan wrote:

LeadBolt wrote: No, we have a choice between two men, neither of whose father's were born in the US.

One father was successful in the automotive industry, before becoming Governor of Michigan and leading the State out of a fiscal crisis, while raising his family.

The other was an oil company and government economist who abandoned his families, was fired from his job and had an alcohol problem.

I didn't realize the candidate's father's were also on the ballot. How about their maternal grandfathers, can you give us the breakdown on that all important criteria too?

Ivytalk wrote:As Archie Bunker once said during an argument with George Jefferson: "Look at the black calling the kettle pot!"