The 2012 campaign may go down in history as the nastiest, most negative campaign in American history. Team Obama has already begun their drumbeat of negative advertising against Mitt Romney.
Team Obama has focused on a number of facets of Mitt Romney’s business career at Bain Capital. Started in 1994 by Romney and two other partners, Bain Capital was a spin-off from the consulting firm, Bain and Company. The venture capital company has invested in or acquired hundreds of companies including such well-known companies as Burger King, Burlington Coat Factory, Clear Channel Communications, Domino’s Pizza, Dunkin’ Donuts, Sealy, The Sports Authority, Staples, Toys “R” Us, Warner Music Group and The Weather Channel.
The Obama campaign has tried to attack Romney’s tenure at Bain Capital by pointing to several companies that either went bankrupt or experienced job cuts. In some cases the company closings came after Romney left Bain. In others, Bain’s investment was a last-ditch attempt to save the company.
All that the Romney campaign needs to do is refer to the Wall Street Journal study showing that 22 percent of the companies he helped went broke but 78 percent did fine. ‘Batting .780 is great in any league.’ Americans will understand this equation, especially during the baseball season where .300 is considered an All-Star’s average. READ MORE