Alec MacGillis of The New Republic thinks that Barack Obama is “not only attacking Romney for the infelicitous particulars of private equity, he is more broadly suggesting that Romney’s background as a businessman–the chief asset Romney is running on-does not necessarily translate into being a good president.” He quotes from a recent Obama speech in Des Moines, Iowa:
“The main goal of a financial firm like Gov. Romney’s is not to create jobs…. Their main goal is to create wealth for themselves and their investors,” Obama told a crowd of nearly 2000 on the fairgrounds.
“Now that may be the job of someone who’s engaged in corporate buyouts. That’s fine. But that’s not the job of a president. That’s not the president’s job. There may be value for that kind of experience but it’s not in the White House.”
Obama continues in his populist strain. But will it work?