The Romney campaign responds to Obama's Bain spot with a "gauzy" video about a different steel company, SDI:
The Obama campaign is only testing the waters with its ad, putting $71,000 behind it in five key states. David Graham has more:
The new ad comes after a week in which the political discussion was centered around Barack Obama's endorsement of gay marriage. That stance is a potential liability for the president in swing states: In four of the five states where "Steel" will air (Virginia, Ohio, Colorado, and Pennsylvania), civil gay marriage is banned by state constitutional amendments. An ad that focuses on Rust Belt concerns helps to distract from the social issue question. Meanwhile, it answers Republican critics who complained that Obama was avoiding conversation about the economy — and it puts Romney on the defensive.
Byron York anticipates Romney's counterattack:
First, the campaign has carefully scrutinized Romney's entire record at Bain and believes it is a strongly positive one overall. But that is the big picture — there are individual instances in which Bain investments failed. Given that, look for the Romney campaign and its surrogates to counterattack by focusing on an instance in which Barack Obama, in essence, took over a company and laid people off in an effort to save the larger enterprise. That was, of course, the auto bailouts, and while Obama often cites his success in "saving" the car industry, few remember today how many (non-union) workers lost their jobs in the Obama administration's handling of the matter. During the economic crisis, General Motors and Chrysler shut down more than 700 dealerships, resulting in the loss of tens of thousands of jobs. And the companies did it under pressure from Obama.
But the crony-capitalism charge doesn't sit well with the above ad, as Maggie Haberman notes:
SDI, as the folks at American Bridge point out, may not ultimately be the best test case for Romney to push back with, since it runs counter to other parts of his message – the firm got tax subsidies and levies were raised on an Indiana county to help pay for infrastructure that benefitted the company.
Meanwhile, the RNC focuses on the debt:
And MoveOn.org goes after Romney for "throwing women under the bus":
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