Bain Capital Debate Busting Larger Story About Role of Business Leaders in Job Creation

By: David Dayen Wednesday May 23, 2012 7:41 am

I focused on fundraising in my story yesterday about the President and Bain Capital, but I should double back and say that the actual argument Obama made is a fairly sound one on the merits. He basically said that the role of a President bears no resemblance to the role of a business leader, particularly a private equity or leveraged buyout specialist. One should have a concern on how to create jobs and the other has what amounts to a fiduciary duty to create profit. And those simply aren’t always compatible.