Barack Obama's campaign is releasing a new TV ad (to be run in Colorado, Iowa, Virginia, Ohio, and Pennsylvania) and accompanying website "Romneyeconomics.com", trashing Mitt's record at Bain Capital.
The showpiece: A steel company in Kansas City that was shuttered after Bain took it over.
Steve Rattner, a Democrat who was "car czar" for the Obama Administration and has since left to be an economic analyst on Morning Joe, reacted to the spot this morning.
"I think the ad is unfair.
Mitt Romney made a mistake ever talking about the fact he created 100,000 jobs. Bain Capital's responsibility was not to create 100,000 jobs or some other number. It was to make profits for his investors -- most of whom were pension funds, endowments, and foundations -- and it did it superbly well, acting within the rules, acting very responsibly.
.... So yeah, I do think to pick out a an example of somebody who lost their job, unfortunately, this is part of capitalism, this is part of life, and I don't think there's anything Bain Capital did that they need to be embarrassed about."
