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Tuesday, March 27, 2012

Let Romney be Romney

The reason Republicans are lukewarm (Cartoon, Economist, March10, 2012: 14) toward Romney is that his business experience is irrelevant to the problems being faced by the nation (Economist, March 10, 2012: 18).

Romney was very successful at the leveraged buyout. He made a lot of money from firms that amassed, at his instigation, a lot of debt, some of which was used to payoff the investors.

The problem, as Republicans see it, is that America has already amassed and is continuing to amass a lot of debt.

The Republicans would like to support a candidate who is skilled at paying down the debt.

Sent to the Economist

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