Jobs, Bain Capital | featured news

Actually, it’s not the economy. At least not this week. A presidential campaign that Republicans wanted to be focused relentlessly on President Obama’s job-creation record seems to be about almost everything else at the moment. In part that’s the result of a monthslong effort by the Obama campaign to shift attention to Mitt Romney’s wealth and business record.

While the Supreme Court’s upholding of the health-care law was last week’s most important event in historical terms, it will not be the decisive event of the 2012 election. In the long run, polling in swing states suggesting that Mitt Romney’s tenure at Bain Capital is hurting him could have larger implications for where this campaign will move.

...But Bain knowingly and far-sightedly made strategic investments, with Romney at the helm, in these pioneering outsourcing firms in the late 1990s, which grew into some of the largest outsourcing and offshoring companies in the world. And Romney and Bain shared in their profits while he was chief executive and after he left. Whether that’s good or bad depends on your politics.

The Washington Post is standing by its reporting on Bain Capital’s outsourcing under Mitt Romney, and will not retract a recent story despite complaints from the Romney campaign.

The attack is the latest iteration of President Obama’s attempts to demonize Mitt Romney over his tenure at Bain Capital.