Rob Horowitz: Romney Keeps Stepping in it

Rob Horowitz: Romney Keeps Stepping in it

For a usually disciplined candidate, Mitt Rommey keeps making awkward, out-of-touch references to his personal wealth. The latest comment came in Detroit on Friday, where Romney in professing his love for American cars mentioned that his wife Ann owned a “couple of Cadillacs.”

When asked about the comment by Chris Wallace on Fox News Sunday, Romney refused to back down. He said, “If people think that there is something wrong with being successful in America, then they better vote for the other guy. I’ve been extraordinarily successful and I want to use that success and that know-how to help the American people."

But the problem for Romney is that he has yet to convincingly explain how what he has learned from his “financial success” prepares him to be a successful President. The former Massachusetts Governor has not offered special insights on how the modern economy works nor provided much in the way of innovative new ideas for positioning the United States to better compete and create jobs While I am sure he knows a lot about economic matters, he comes across as no better versed than his two major opponents, Rick Santorum or Newt Gingrich..

Further, Romney’s business success is in the murky and now somewhat blemished world of Wall Street and high finance. He did not build a business from the ground-up or manage thousands of employees over a long period of time—the kinds of business successes that are more easily understood as relevant to success in government.

And Romney continues to repel any attacks on his performance at Bain Capital by equating them with attacks on the free enterprise system itself Since he has used his business experience as the chief credential for his Presidential candidacy, his business record is of course, fair game.

As the campaign progresses, Romney must go beyond the platitudes and clichés and tie his understanding of capital and finance to a compelling vision of how to create jobs, lift economic growth and strengthen the middle class.

If he accomplishes this task, people will be more willing to forgive his out-of-touch comments. Otherwise, his continued tone deafness seriously endangers his prospects for occupying the Oval Office.

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