Halperin: The President says that your experience at Bain Capital will be central in this election. He says it does not qualify you to be a job creator as President. I know you think that working in the private sector in and of itself gives you insight into how the economy works, but what specific skills or policies did you learn at Bain that would help you create an environment where jobs would be created?
 
Romney: Well that’s a bit of a question like saying, what have you learned in life that would help you lead? My whole life has been learning to lead, from my parents, to my education, to the experience I had in the private sector, to helping run the Olympics, and then of course helping guide a state. Those experiences in totality have given me an understanding of how America works and how the economy works. Twenty five years in business, including business with other nations, competing with companies across the world, has given me an understanding of what it is that makes America a good place to grow and add jobs, and why jobs leave America – why businesses decide to locate here, and why they decide to locate somewhere else. What outsourcing causes – what it’s caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty five years gives me a perspective on how jobs are created – that someone who’s never spent a day in the private sector, like President Obama, simply doesn’t understand.
 
Halperin: But you welcome scrutiny of your business record, is that right?
 
Romney: Mark, what I can tell you is this. The fact is that I spent twenty five years in the private sector. And that obviously teaches you something that you don’t learn if you haven’t spent any time in the private sector. If you were to say to me, tell me what you learned from your schooling that would help you be a President, it’s like, how do I begin going through a list like that? You learn through life’s experience. The President’s experience has been exclusively in politics and as a community organizer. Both of those are fine areas of endeavor, but right now we have an economy in trouble, and someone who spent their career in the economy is more suited to help fix the economy than someone who spent his life in politics and as a community organizer.