New Yorker: What’s True and False in Obama’s Bain Attacks

The debate over Mitt Romney’s tenure at Bain Capital is strange and discomfiting because it is a nonsense argument within a nonsense argument. The original nonsense argument is Mitt Romney’s claim that his business experience lends him unique insight into solving the economic crisis. In fact, the considerable skills Romney displayed in business tell you nothing about whether his economic policies would address the recession. Rather than make that complicated point, President Obama and his allies instead have attacked Romney’s record itself. And what they’re saying is, on the basis of the facts available to us, untrue.
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Romney is attempting to portray his business experience as “creating jobs,” but he was actually in the business of creating wealth. Obama has every right to expose that contradiction. He doesn’t have a right to make things up in the process.