He doesn't understand economics.
He doesn't understand business.
He doesn't understand that the PURPOSE of business to provide a product for the community, thereby creating JOBS and MAKING MONEY.
He doesn't understand if you do not MAKE enough MONEY in this business to maintain it, it will GO AWAY.
He does not understand that the INVESTOR (or could we say the AMERICAN TAXPAYER) has a right to expect productivity, efficiency and thriftiness from its WORKERS.
CBS, in an interview with this utterly clueless campaigner who couldn't figure his way out of a paper bag:
"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," Mr. Obama said. "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."Mr. Obama also claims his biggest mistake as president is that he didn't do enough storytelling, a remark which invoked loud and widespread laughter around the nation because all we've been listening to is fantastical stories since the man appeared on the political scene:
"When I think about what we've done well and what we haven't done well," the president said, "the mistake of my first term - couple of years - was thinking that this job was just about getting the policy right. And that's important. But the nature of this office is also to tell a story to the American people that gives them a sense of unity and purpose and optimism, especially during tough times."
Mr. Obama acknowledged the dissonance between others' perception of his strength as an expert orator, and his own.I mean, wow. Talk about cognitive dissonance.