You can fit Obama’s qualifications to run the economy on the head of a pin and still have plenty of room left over.
(CBS News) — President Barack Obama questioned presumptive Republican nominee Mitt Romney’s economic credentials, saying that while his tenure at private equity firm Bain Capital doesn’t “disqualify” him from running for president, it won’t necessarily translate into job growth for Americans.
“When some people question why I would challenge his Bain record, 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. Now that’s appropriate. That’s part of the American way. That’s part of the system. But that doesn’t necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced.
“CBS This Morning” co-host Charlie Rose sat down Thursday with President Barack Obama and first lady Michelle Obama in the blue room of the White House for a wide-ranging and exclusive interview.