Debunking the theory that Obama’s attacks on Bain are ill-advised and ineffective
Joe Klein DEFTLY DISMISSES the conventional wisdom that President Obama has stumbled coming out of the general-election campaign gate:
The meme of the day in journo-world is that President Obama has stumbled at the outset of the general election campaign. The evidence for this? Well, uh, there isn’t very much, really–except that a few Democrats have criticized his campaign’s attacks on Mitt Romney’s record at Bain Capital and that Obama’s fundraising is merely humongous, instead of obscenely humongous. The two phenomena are linked, of course: Obama isn’t getting the usual haul from Wall Street because he has outrageously–outrageously!–tried to regulate the bankers who did so much to crash the economy in 2008. The handful of Democrats squawking are people who either (a) get money from private equity firms or (b) have retired and joined Mondo Casino. But there is another side to this story:
I suspect that these Bain attacks are working. Indeed, I suspect the reason that the Obama campaign–and the President himself in an extraordinary moment at the NATO press conference last week–is so adamant about pursuing this tactic is that it (a) lays the predicate for the anti-Romney campaign to come and (b) has been extremely effective with focus groups. And so, what we may be seeing here is the exact opposite of a stumble.