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Similarly, Obama's ad about Romney's Bain experience makes two claims.
If Romney really wants to push his Bain experience, Americans will have to decide whether the answers to the problems facing them are best provided by a financier president.
Lizza: I have to say, the last few days, it really does seem that the central claim of his campaign — that his Bain experience created a hundred thousand jobs, and that figure itself — just seems like it's based on nothing.
Since I just gave Larry Summers a bit of a hard time over that distressing Dec. 2008 memo to Obama, this is probably a good time to note that way back when he and Andrei Shleifer wrote an essay on the economics of leveraged buyouts (pdf) that is very worth reading now that Mitt Romney is running on the theme that his Bain experience means that he knows how to create jobs.
Now a front-runner for the Republican presidential nomination, Romney says his Bain experience shows he knows how to create jobs.
Jimmy Carter was a former peanut farmer, without the Wall Street experience or savvy that Mitt Romney proclaims his Bain experience provides him.
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But to make the argument, as Romney has repeatedly done in terms of his Bain Capital experience, that working for these kinds of companies is what gives you the experience you need to fix the economy?
Even Romney's Bain Capital experience had that Ripley flavor.
Romney, who will accept the Republican nomination for president Thursday evening at the party's national convention, touts his Bain Capital experience as an asset.
On the dinner table of political fodder, Romney's Bain Capital experience and even his offshore bank accounts are the equivalent of side dishes while the schizophrenic and self-destructive Republican ideas for our country's economic future are the main course.
Sometimes, that results in the acquired company placed in bankruptcy proceedings either to liquidate its assets to pay off the debt or to restructure, a process Bain also experienced.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com