Pro-Obama super PAC bashes Romney in new ad
June 28th, 2012
09:54 AM ET
2 years ago

Pro-Obama super PAC bashes Romney in new ad

(CNN) - A super PAC supporting President Barack Obama released its fifth television ad Thursday, again hitting presumptive GOP nominee Mitt Romney over his corporate background.

The group Priorities USA Action has repeatedly hammered Romney, who founded the private equity firm Bain Capital, as a greedy businessman who would put the interests of CEOs over those of middle class workers.

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Priorities' latest ad further carries that line.

"Romney bought companies, drowned them in debt. Many went bankrupt," says a male narrator in the spot. "But for every company he drove into the ground, Romney averaged a $92 million profit."

Obama's campaign has also been driving the Bain offense, most recently attacking Romney over a Washington Post report that detailed Bain as a strong proponent for outsourcing.

The new spot, "Briefcase," is part of a $10 million ad buy in May by Priorities, which includes their four previous ads. It's set to air in the battleground states of Colorado, Florida, Ohio, Pennsylvania and Virginia.

It closes with a line questioning whether Romney's business experience would make him a "good president," an argument he makes on the campaign trail.

"If [Mitt] Romney Wins, the middle class loses," the ad says, while showing a photo of Romney walking down a flight of jet stairs.

Reacting to previous attacks against his business record, the Romney campaign has pointed to the number of jobs created by Bain.

The firm has also responded in the past:

"Bain Capital's business model has always been to build great companies and improve their operations," the company has said in a statement. "We have helped the 350 companies in which we have invested, which include over 100 start-up businesses, produce $80 billion of revenue growth in the United States while growing their revenues well over twice as fast as both the S&P and the U.S. economy over the last 28 years."


Filed under: 2012 • Ads • Mitt Romney • Priorities USA
soundoff (8 Responses)
  1. Reuben

    Obama campaign is using great early opportunity to define who Romney is. Good job.

    June 28, 2012 09:59 am at 9:59 am |
  2. Wire Palladin, S. F.

    Do right wingnuts really know what Mittens stands for? Mittens' campaign trotted out well paid company executives to defend him.

    June 28, 2012 10:01 am at 10:01 am |
  3. Four and The Door

    "Romney bought companies, drowned them in debt. Many went bankrupt," says a male narrator in the spot. "But for every company he drove into the ground, Romney averaged a $92 million profit."
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    The sad part is that this is the best Obama/ Biden 2012 can come up with and it is already debunked by many, including employees at companies who have benefited from Bain help to kind words about Mitt Romney's business career from President Clinton. The fact is, Mitt Romney is incredibly durable to personal attacks. He is a man who has lived by strong values, charity and accomplishment. By focusing on this weak line of campaign garbage, Obama/ Biden 2012 is trying to avoid the real issues Americans care about. The economy, jobs, debt and health care. Fortunately the debates will force Obama to deal with these issues and Mitt Romney will stand proud with his vision.

    June 28, 2012 10:04 am at 10:04 am |
  4. Four and The Door

    The middle class already lost when Obama was elected in 2008. A Romney win would be a win for all Americans.

    June 28, 2012 10:18 am at 10:18 am |
  5. S.B. Stein E.B. NJ

    You have to wonder how many businesses that Romney and Bain worked on kept their workforce here in the US. Why won't Romney talk about the manufacturing companies that he and his company worked on? Staples is retail and gets most of its products from China which doesn't help the US a whole lot.

    June 28, 2012 10:26 am at 10:26 am |
  6. chuck weidemann

    Businessman does not transfer over to a regulator....FYI that's what Governments do!!!! All over the world and the ones that don't regulate are usually headed by a king or dictator so Romney's whole premises is flawed!!!

    June 28, 2012 10:45 am at 10:45 am |
  7. Four and The Door

    S.B. Stein E.B. NJ
    You have to wonder how many businesses that Romney and Bain worked on kept their workforce here in the US. Why won't Romney talk about the manufacturing companies that he and his company worked on? Staples is retail and gets most of its products from China which doesn't help the US a whole lot.
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    You don't have to wonder. Just go to Baincapital.com and look at the variety of businesses in different segments of the economy that are part of their portfolios. What you will see is American success and plenty of good American jobs. Do as President Clinton suggested and look elsewhere for your personal attacks on the man that is going to unseat your liberal politician.

    June 28, 2012 10:49 am at 10:49 am |
  8. Donkey Party

    Funny that Romney's defense was basically agreeing with the pro-Obama PAC. The PAC clearly says Bain was about money, not about jobs, and Romney releases a statement touting revenue. Too funny. Oh, and Four, you sir are a fool.

    June 28, 2012 11:26 am at 11:26 am |