Mitt Romney and the Bain bomb

[ Editor’s Comment:  As we all know by now, the media loves a horse race.

It’s good for circulation, for viewership and for website traffic.

That being said, a lot of what passes as “news analysis” is pure propaganda.

When the race card doesn’t work to keep people interested in a race when a candidate starts to pull away, drop the religion card or the race card.   It that doesn’t work, drop the tried and true standby….The class warfare card.

IMHO, that is the card that just got dropped on Mitt Romney by Gingrich and a Super PAC friendly to Newt.

According to the narrative, evil Venture Capitalist’s like Romney swoop in on an unsuspecting, innocent company, buy it up, loot it four ways from Sunday, fire all the employees and leave nothing but charred remains scattered over what was once the site of a thriving company……If you believe that is how the Private Equity business works, I have a bridge in Brooklyn we need to talk about!]

~~John Cronin~~

By REID J. EPSTEIN and JIM VANDEHEI HUDSON, N.H. — Forget his specific rivals. The biggest threat to Mitt Romney is hitting now and set to fully detonate in South Carolina: It’s the Bain bomb.

While conservatives look unlikely to unite around one alternative to Romney, the campaigns themselves are uniting around the theme that the former head of Bain Capital looted companies, tossed people out of jobs and is now exaggerating his success at the venture capital firm.

In the context of this moment in American politics, in which frustration with the privileged is boiling hot, the attack, from Republicans on one side and the Obama campaign on the other, will test Romney. If he ends up looking more like an opportunist who profited for the few than like a man who created jobs for the many, it’s hard to imagine his polls numbers won’t drop.

Inadvertently, Romney created a new opening on the topic here Monday morning as he tried to explain his health care position with a comment almost custom-made for endless repeats in attack ads — and a Web video the Democratic National Committee already has up.

“I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy,” Romney said. “It also means that if you don’t like what they do, you could fire them. I like being able to fire people who provide services to me. You know, if someone isn’t giving the good service, I want to say, ‘I’m going to go get someone else to provide this service.’”

Romney clearly knows he has a problem. At events, starting Sunday, Romney started offering a broader explanation of his days at Bain.

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