Bain Employees Fight Back After Campaign Attacks

The Obama re-election committee on Monday released a two-minute ad taking aim at Republican rival Mitt Romney's record at the private equity firm Bain Capital. The ad challenges Romney's claim that his business experience qualifies him to turn the economy around.» E-Mail This     » Add to Del.icio.us

In flurry of rare TV interviews, Mitt Romney denied he had any role in running Bain Capital at a time when, according to reports, the company invested in firms that outsourced jobs overseas.» E-Mail This     » Add to Del.icio.us

The Obama campaign continues its attack on Mitt Romney's time at the private-equity firm Bain Capital. Over the weekend, Newark, New Jersey, Mayor Cory Booker seemed to veer off the campaign's message. Later, Booker tempered his remarks in a YouTube video. But it didn't take long for the Romney campaign to seize on Booker's comments.

Many private equity investors are convinced that President Obama is their enemy, not only because he wants to defeat former Bain Capital boss Mitt Romney in November, but also because of a new corporate tax reform proposal that could make private equity deals more difficult to finance. The industry's most dangerous enemy, however, is not in the White House.

Is private equity an acceptable form of capitalism? That's the curious debate that has broken out within the Republican Party as former Bain Capital exec Mitt Romney creeps closer to a presumptive victory in New Hampshire.

Chris Cillizza observes that not only is it a bit unusual that we don’t have any formally announced GOP presidential candidates yet, we’re also lacking a front-runner:

Mitt Romney's rivals slam him as a job destroyer while at Bain Capital; he insists he was a job creator.