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Incumbent’s failings owed to lack of background in business

The first presidential debate made it clear to me why Mitt Romney will be a better president than Barack Obama: Romney understands the implications of the laws, such as Obamacare, Dodd-Frank, and tax laws, on businesses and on job creation, while Obama does not.

Obama, who has no business background, has surrounded himself with advisers who largely have academic backgrounds. Obama’s team tends to think about issues idealistically, and has no concept of the impact of their decisions on the American business community.

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