Obama To Keep Playing The Bain Card

It is clear that Team Obama is trying to knock Mitt Romney out before the convention, and they think the Bain card may be the ticket. Will it be successful? Hopefully not, but only time will tell. From NBC's First Read:

Early last week, former White House “car czar” Steve Rattner said it was “unfair” for the Obama campaign to spotlight the layoffs, reduced benefits, and lower salaries that took place under Mitt Romney’s Bain Capital. As Rattner put it on MSNBCs’ Morning Joe, “This is part of capitalism. This is part of life.” (But Rattner also said, “Mitt Romney made a mistake ever talking about the fact that it created 100,000 jobs. Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to make profits for its investors.”) And yesterday on “Meet the Press,” Newark Mayor Cory Booker (D) also criticized the Obama camp’s hits on Bain. “I have to just say from a very personal level I'm not about to sit here and indict private equity… If you look at the totality of Bain Capital's record they've done a lot to support businesses, to grow businesses. And this to me, I'm very uncomfortable with.” So in these tellings, attacks on Romney’s business record aren’t fair game. Bain is a successful business -- end of discussion.

Yet in the Obama campaign’s telling, Bain is more than fair game. If Romney is going to make his Bain record the central rationale of his candidacy -- more so than his four years as Massachusetts governor -- and if he’s going to take credit for job gains created under Bain, then it’s only fair to point out examples when Bain-controlled companies took on huge debt, slashed worker pay and benefits, laid off employees and filed for bankruptcy, all while Bain investors made money, they argue.

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published this page in In The News 2012-05-21 12:09:00 -0400
Analysis & Political Strategy