The problem is that the president, while verbally clumsy, was substantively correct. The issue with our economy is jobs, not corporate profits. And as a private equity man with a net worth of a quarter of a billion dollars, Mitt Romney knows better.
For weeks now, Romney has attacked the president’s economic record at every turn. He’s even used the country’s sputtering jobs machine to cite Obama for “moral failure.”
But if the president misspoke, Romney misrepresents. Obama has a legitimate, if limited plan to increase employment. The Republicans do not.
Sadly, the president’s misstatement allowed Romney to dodge this fact and provided the former Massachusetts governor with another opening to advance a retread of his party’s discredited ideas. Read more here.