Michael Rappaport

Is it possible to be too rich to be president?

I think it might be, and I think that might be a lesson Mitt Romney is about to learn.

After dragging his feet for weeks, and maybe mortally wounding his campaign in the process, Romney has finally agreed to release his tax return for 2010 and estimates of his 2011 taxes.

It's difficult to imagine that he didn't know he was hurting himself. After all, it has become almost de rigeur for presidential candidates to be financially transparent if they're serious about winning.

Most candidates are well-off, usually in maybe the top 10 percent financially. They made their money practicing law, running a business, writing a book or all sorts of other things.

Romney's problem is that he's a lot richer than that. In fact, he's worth an estimated $264 million, and he didn't make his money any of the traditional ways.

Oh, he ran a business, but it's the kind of business that has only come along in the last 30 years or so. It doesn't grow anything, or sell anything, or build anything. Bain Capital's only purpose was to make money.

Bain would buy a company, sell off its best assets, lay off employees and then sell what was left to make a profit. While there have been some success stories in which jobs were created, for the most part whatever jobs came along paid less than the ones that were eliminated.

It's one of the things that makes Romney an incredibly weak candidate this year. In an era when millions are unemployed and we need job creation, are we really going to vote for a job destroyer?

Are we really going to vote for a guy who says his speaking fees last year -- $374,000 -- didn't amount to much?

A guy who tore down a $12 million house in San Diego to build one four times larger?

A guy who looks stiffer in jeans than Al Gore or John Kerry did?

Not likely. Romney may have had the Midas Touch when it came to making money, but as a candidate, everything he touches is turning to crap.

Jeb Bush is smiling more and more every day.