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You are here: Home / 2012 Campaign / Romney’s Bain Problem is Bigger Than You Think

Romney’s Bain Problem is Bigger Than You Think

June 25, 2012 at 9:41 am EDT By Taegan Goddard Leave a Comment

First Read: “Ever since the Obama campaign began its Bain hit, there has been near universal agreement among elites that the hits were either “not working,” or “unfair,” or both. But as we’ve said before and we’ll say again: The Bain attacks aren’t meant to sway folks in NY and DC, but folks in three crucial battleground states: Ohio, Iowa, and Wisconsin. The whole point of this campaign by the Obama folks is to paint Romney as an out-of-touch Wall Street CEO…”

“And while the Romney campaign has comforted itself with the criticism of the Obama attacks by other Democrats (Booker, Rendell etc.), the campaign has done little to fix the larger image issue. So far, the Romney campaign has made this argument: Any attack on Bain is an attack on America’s free enterprise system. But how does it explain that Bain and its partners often made money, even if the firms they took over went belly up? And how do they now explain this Milken association? Does it keep using the “free enterprise” line? Or does it need to do something else?”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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