Is Obama serious? Are we in such a horrible place in our country that a presidential candidate with a successful career in finance is considered unqualified since all he knows is how to make money, create jobs and run businesses while a community activist without any business experience is qualified?
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”.