It seems like there has suddenly been a proliferation of interviews with voters, especially undecided voter, in the media, especially NPR. One view that I’ve heard repeated with such regularity that it could almost be described as “conventional wisdom” is that a Romney Presidency is likely to be better for the economy than a second Obama term. The argument maintains that Romney has business and management experience of the sort that will help him turn the economy around. There’s only one problem with this bit of conventional wisdom, and that is that is that it doesn’t hold water.
The nature of Romney’s experience does not necessarily qualify him to manage the national economy any better than Obama’s. Romney worked at Bain Capital. Such organizations come in deal to with a company to the greatest profit for investors. The company may be dissolved, broken up, sold off, leveraged, or whatever. Employees, customers, suppliers and everyone else are secondary.
A nation is not a corporation and it is not a business. A nation should be managed for the good of the whole, which means the greatest good of all. Things a government does often will make terrible sense from a purely economic standpoint, but that’s not why we do them. Just saying!