Paul Krugman: A Nation Is Not A Business

President Obama gets this exactly right: "When some people question why I would challenge [Mitt Romney's] Bain record," he told CBS News on July 13, "the point I've made there in the past is, if you're a head of a large private equity firm or hedge fund, your job is to make money. It's not to create jobs. It's not even to create a successful business — it's to make sure that you're maximizing returns for your investor."

A country is not a company — and it's definitely not a private equity firm.