Donald Trump believes that he’s fit to be president. Why, you ask? Because he knows so much about foreign policy or economics? Or perhaps because he has a lot of experience working in the public sector? No, because he’s rich.

“I’m a much bigger business man and have (a) much, much bigger net worth. I mean, my net worth is many, many, many times Mitt Romney,” he said yesterday on CNN’s State of the Nation. “I built a very big net worth and I’d like to put that ability … to work for this country.” He added that he doesn’t “do it for myself, I’ll be doing it for the country.”

Although Trump’s obviously oversimplifying matters, there’s something to say for having a successful businessman run for president. Like Romney, he has proved himself in the private sector.| MORE ›

The New York Times certainly thinks so:

Fresh from pushing Chrysler into bankruptcy, President Obama and his economic team are hoping that the hard line they took last week gives them leverage to force huge changes in General Motors, a far larger and more complex company.

Officials say that, difficult as Mr. Obama’s decision was on Wednesday to take all the risks of a Chrysler bankruptcy, the politics of reshaping G.M. will be far harder.| MORE ›

Wonderful:| MORE ›