"The political risks of Mitt Romney’s financial skills" By Eugene Robinson at WP

[applegrove]

The political risks of Mitt Romney’s financial skills

By Eugene Robinson at WP

http://www.washingtonpost.com/opinions/eugene-robinson-mitt-romneys-financial-skills-have-political-risks/2012/07/05/gJQAYC7PQW_story.html

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Let me be clear that I have nothing against wealth. In fact, I have nothing against great wealth, which is how I would classify Mitt Romney’s estimated $250 million fortune. We can argue about the social utility of private- equity firms such as Bain Capital, but Romney isn’t responsible for distorting the system so that financiers are grossly overpaid. He just took advantage of the situation.

Increasingly, however, I have to wonder whether the achievement Romney touts as his biggest asset in running for president — his business success — might be seen by many voters as a liability.

The question isn’t whether people can relate to a candidate who has tons of money. It’s whether they will connect with a man who didn’t make his money the old-fashioned way — by building a better widget — but by sending capital hither and yon via clicks of a computer mouse to take advantage of arcane opportunities most people never even know about.

Most Americans, for example, do not have an individual retirement account valued at between $20 million and $101 million, as Romney stated last year in a financial disclosure report.



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