Mitt Romney claims job creation is his strength. The reality is it will be an albatross. During the 80’s and 90’s Bain Capital pioneered outsourcing of American jobs. They would buy medium companies that were doing well, ship out the jobs overseas and then sell it to a bigger form. This devastated Pennsylvania and Ohio, where Bain Capital is despised.
The Obama Regime’s battleplan against Romney is to point out, he destroyed American jobs.
A company that laid off hundreds of employees. A federal “bailout” to rescue a failing bank. Mitt Romney, at the center of it all.
It’s a story line from a tough Democratic ad that was teed up for use against Romney in his 1994 Senate campaign in Massachusetts. The spot, which was provided exclusively to POLITICO, never actually aired. But it’s all but certain that some version of its allegations will surface in the GOP primary or the general election, if Romney makes it that far.
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When Romney challenged Sen. Ted Kennedy in 1994, it was his connection to those two companies that played a significant role in sinking his campaign as Democrats tied him to plant closings and worker firings.
In 2012, those familiar attacks from his past are likely to take on a new potency: Bain Capital’s involvement in mass layoffs is likely to haunt Romney in a campaign focused on jobs. Other episodes, such as the claims that Romney benefited from a federal bank rescue, could ignite anew.
Although Obama has a bad economic record, he wants to muddle that issue. Romney’s Bain Capital ties will neutralize Romney on the economy. Then it will be a battle of personalities. A battle Obama would win.
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Tags: Bain Capital
