Romney Paints Self Into Corner On Bain Numbers

Ezra Klein says Mitt has made two major mistakes:

First. he’s committed himself to generating a figure he can’t prove through honest, rigorous means — Glenn Kessler gives his jobs claims so far three pinocchios – and that’s making him look slick and untrustworthy.

Second, he’s framed the success of his tenure at Bain around job creation rather than wealth creation — and Bain, as many of its actions and former employees will testify, was not in the job creation business. As Kessler notes, the Bain prospectus says "The objective of the fund is to achieve an annual rate of return on invested capital in excess of the returns generated by conventional investments in the public equity market and the private equity market.” It never mentions "jobs," "job," or "employees." Those simply aren’t the objective. Sometimes, in fact, they’re collateral damage.