Singling out this or that Bain case study amid the jostling and bumping is pointless. This was a historic and necessary cleansing of the Augean stables of the American economy. It caused a positive revolution in U.S. management, financial analysis, incentives, governance and market-based discipline. It led directly to the 1990s boom years. And it gave the U.S. two decades of breathing room while Europe, with some exceptions, choked.
Every voter seems to sense that finding the answer to what comes next for America’s economic fortunes makes this election huge. The Washington Post-ABC poll just out produced an extraordinary 57% disapproval of the economic stewardship of Barack Obama, whose life goal seems to be to reverse the policies of 1980-2000.
Mr. Romney’s answer appears to be that voters want to keep hearing about him and his management résumé. Voters don’t want one man’s story. They want someone who understands how the next 10 years can produce an American economy that offers the opportunities for them that the 1980s produced for Mitt Romney.