Bain Goes From Liability To Asset

[Geee]

Investors Business Daily:

Election '12: On the climactic final night of the Republican convention, Democrats found themselves staring down the barrel of their own favored weapon. Bain is henceforth a winning issue for Mitt Romney.

It was beginning to seem as if Romney might not be Barack Obama's match as a candidate. With a personal popularity rating until now more than 20 points behind the president's, the more Obama, his campaign mouthpieces and other Democrats talked up Romney's business career, the less Americans seemed to like this supposedly hard-hearted heel.

All that changed Thursday night, when Democrats must have felt like the Republicans had decided to walk straight into their machine-gun fire.

Not only did this challenger proudly go on at length in his acceptance speech about how and why he founded a company "in the business of helping other businesses," he asserted that Obama's attacks on that firm, Bain Capital, were really an attack on success itself.

The president had made assaults on American success the "centerpiece" of his re-election campaign, Romney charged, and no one should be surprised that someone who attacks success ends up presiding over the worst economic recovery since the Great Depression.

Romney called business experience, which he has in such abundance and of which Obama can claim none, "the basic qualification that most Americans have, and one that was essential to his task" of leading the country back to prosperity.

He charged that the president doesn't even understand the basics of capitalism — how you risk your own capital and effort on your dreams, sometimes successfully, sometimes not.