Sheldon Richman on Mitt Romney's Shallow Understanding of Basic Economics

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Presumptive Republican presidential candidate Mitt Romney is essentially playing one card in his quest for Barack Obama's job: his business experience taught him how economies work. But as Sheldon Richman observes, Romney's own pitch raises doubts about this. In fact, Richman writes, Romney's comments about Bain Capital suggest a shallow understanding of basic economics.

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