The Priority of Labor

Private equity firms typically play their cards close to the vest and resist public scrutiny, but with the presidential candidacy of Mitt Romney, Bain Capital has become a matter of public discussion. Romney and his allies argue that his work at Bain “created jobs,” and that he is therefore well suited for the job of president, who, by popular assumption, is charged with creating jobs in the nation. President Barack Obama and his allies have responded that, in...

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