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Why Obama Is Doubling Down on Bain Capital Attacks Against Romney

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Why is President Obama’s reelection campaign doubling down on its attacks on Mitt Romney’s business record at Bain Capital, despite blowback from some supporters? Because they might work. While many voters recall an image of "hope" and "change" from Obama’s successful 2008 campaign, he ran as many negative ads as GOP Sen. John McCain of Arizona—and sometimes more. The message in those 2008 ads wasn’t so different from the anti-Romney theme today: The Republican nominee favors the wealthy at the expense of the struggling middle class. Voters bought it.

Economy v. Favorability in Campaign 2012

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CBS News Chief White House Correspondent Norah O'Donnell and CBS News Political Director John Dickerson on the real issues in Campaign 2012.

Biden Plays Attack Dog on Bain

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For the first time, Vice President Joe Biden is expected to take up a leading attack against presumptive nominee Mitt Romney in the general election: Romney's record at the private equity firm Bain Capital. A manufacturing plant in Youngstown, Ohio will offer the optics for today's assault on Romney's practice of taking over struggling companies and in some cases, walking away with multimillion-dollar profits while the employees got sacked. In other cases (frequently overlooked by Obama's campaign), the companies thrived.

High Stakes in Romney-Obama Battle over Bain, Economy

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President Obama’s Chicago-based campaign team has been waiting months to launch a real attack against Mitt Romney’s experience at Bain Capital. Even before Romney’s Republican presidential rivals started going after him, Obama’s campaign was preparing for the moment that arrived this week.

Battle on the Airwaves

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President Obama's campaign ad targets Mitt Romney's Bain Capital record, reports CNBC's John Harwood.

Obama Hits Factories as He Paints Romney as Wall Street

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President Barack Obama wants voters to know that not all chief executive officers are created equal. Some excel at manufacturing jobs, while others succeed in making money. In the battle to be the nation’s CEO-in-chief, Obama is building the argument that the U.S. economy would suffer with the latter, someone from the private equity world where Mitt Romney, his chief potential challenger and Bain Capital LLC co- founder, hails.

PBS NewsHour: Florida Voters Brace for Barrage of Ads as Romney, Gingrich Battle Escalates

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Judy Woodruff reports on GOP presidential hopeful Mitt Romney launching an aggressive assault on South Carolina primary winner Newt Gingrich. Then, Gwen Ifill discusses the state of the Republican field ahead of Florida's primary next week with The Rothenberg Political Report's Stuart Rothenberg and USA Today's Susan Page.

Capitalism Comes Under Fire in Republican Primary Campaign

On The Radar

The Democrats started it, and now Republican rivals are piling on. Mitt Romney is suddenly playing defense about his career as a venture capitalist--and in a Republican primary campaign, of all things. The attacks on Romney’s Bain Capital career from fellow Republicans may be coming too late in the game to knock him off his path toward the nomination.
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Romney's Bain Business is Everybody's Business

On The Radar

Mitt Romney has been in politics long enough to know that his record is intertwined with that of Bain Capital, the private-equity firm he cofounded. That’s why it’s so surprising that the Republican presidential front-runner is struggling to fend off his rivals’ attempt at a hostile takeover of his private-sector resume.
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GOP Rivals Turn Romney's Jobs Record Against Him

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Mitt Romney's Republican rivals accused him Monday of exaggerating his successes and coldly laying off thousands of workers while heading a profitable venture capital firm, an effort to turn the presidential front-runner's biggest asset into a liability. The heightened focus on the firm Bain Capital threatens to slow Romney's cruise-control campaign because it goes to the heart of his No. 1 appeal to voters: the claim that he knows far more than President Barack Obama about creating jobs.