>> people are not that stupid. that's like saying when you were president of god father's pizza, you made one. that doesn't qualify you to be president. you run an enterprise. you run a complete enterprise. we had 725 restaurants. we closed 200 to save the 525. that's what bain and many other companies do in order to save their business. >> joyann reid an msnbc contributor. and thank you all for joining me. mitt romney says that he understands how to read a balance sheet. does the president of the united states understand how to read a balance sheet? >> you know what? i know a lot of people who understand how to read balance sheets. i'm not sure that i would want all of them to become president of the united states.