Romney's investment in Global-Tech Appliances
Romney was a private equity CEO, not an economist. He may have understood his specific investments, but that doesn't make him an expert on the broader economy nor on creating a strong middle class. From what I've heard from both candidates, Obama has a deeper understanding of economics than Romney.
Bain Capital was all about profit, profit, profit. Romney and his followers seem to believe more profit = more jobs. This is not necessarily true. Nobody should believe Romney when he says he knows how to create jobs, because that was never his motivation at Bain Capital.
Just this week we learned of yet another Bain Capital investment that worked against American workers. A Bain affiliate acquired a stake in Global-Tech Appliances, which manufactured household appliances in a production facility in China. At the time Romney was acquiring shares in Global-Tech, the firm publicly acknowledged that its strategy was to profit from prominent US companies outsourcing production abroad. So basically, Romney was helping and profiting off a Chinese company that made money when US companies outsourced.
These are the wrong kind of business credentials for the President of the United States.