It is abundantly clear how uncomfortable Republicans are with Mitt Romney's record at Bain Capital. Senate Minority Leader Mitch McConnell once again showed his complete disconnect from the truth:
"I do think that it's interesting to note that the whole notion of our success and of capitalism seems to be under attack by this administration across the board, not just in the campaign, but through the actions of the government itself," McConnell said at a Capitol Hill press conference.
"They seem to have forgotten what made this country great and what has lifted literally millions of Americans out of poverty for a long period of time has been a robust capitalist system," McConnell continued. "I think the view of this administration is that if you're making a profit you must be up to no good. You must be either mistreating your employees or cheating your customers or both."
Now we know that this far from the truth. President Obama supports regulated capitalism in the tradition of Franklin Delano Roosevelt and Harry S. Truman and John F. Kennedy and even Richard Nixon. The real truth is that Republicans are extremely uncomfortable with the business record of the man that is their presidential candidate. This is all the more pronounced given that their primary argument for Mitt Romney's qualification for the presidency is his business experience. As Senate Majority Leader Harry Reid explained:
I believe that Gov Romney, who holds himself out to be this great business man, should have to, should have his record looked at.Fortunately, President Obama and his campaign are all over this. They are not going to let this die out because it speaks to the differences between President Obama and Mitt Romney. Remember, Mitt Romney likes to boast about all those jobs he created at Bain. Well, here is what a former managing partner said of Bain:
I never thought of what I do for a living as job creation. … The primary goal of private equity is to create wealth for your investors.To quote President Obama on the president's responsibility when it comes to the economy:
When you're president as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.The only thing under attack from President Obama is Mitt Romney's record and what that record represents. If Romney and his fellow Republicans can't take the heat, then they should get out of the kitchen.