Since even my dogs know that Mr. Romney is going to frame the election as a referendum on President Obama’s stewardship of the economy, the Obama handlers must do everything they can to make people imagine that President Romney’s stewardship of the economy would be worse; an assault on the interests and values of “average” Americans. Thus yesterday’s 2-minute ad on Bain Capital’s unsuccessful turn-around of GST Steel in Kansas City. The ad’s thrust is that Romney was (and is) an economic “vampire.”
What’s remarkable about the ad is not its content (mis-leading though it may be). Anti-Bain ads have been used against Romney in 1994 (by Ted Kennedy’s handlers), 2002 (by Shannon O’Brien’s campaign) and 2012 (by New Gingrich).
What’s remarkable about the ad is that it raised at least as many questions about the Obama campaign as it did about Mr. Romney.
On the very day that the ad was released, President Obama attended a fund-raiser in New York City hosted by a senior executive at the Blackstone Group, a leading private equity firm and frequent co-investor with Bain Capital on turn-around projects.
And, it further turns out that a 2008 and 2012 campaign finance bundler for President Obama, one Jonathan Lavine, was a managing director at Bain Capital during the time that GST Steel was being “run into the ground” by the evil Bainiacs.