Mitt Romney told the story about his tenure as a corporate buyout specialist as if he was just a typical small business owner. But Romney balked at the offer to run Bain Capital until he was guaranteed that there “was no professional or financial risk,” and that he would get his old job back with full pay if the company failed. The truth is that his career in the private sector was defined by layoffs, bankruptcies, and outsourcing. That’s anything but typical, and it’s certainly not a credential for the presidency.