This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Obama: Romney's Time at Bain Is 'Fair Game'

NEW YORK ( TheStreet) -- Barack Obama has made it clear: Bain Capital is fair game.

Speaking at a press conference during the NATO summit in Chicago, the president defended his campaign's attacks against Mitt Romney's record at the buyout firm he founded in 1984.

Obama speaks in Chicago on Monday

"This is not a distraction," Obama said. "This is what this campaign is going to be about."

Obama has faced scrutiny about the legitimacy of the critiques as his opponents have said private equity creates value for investors, lenders and workers.

Obama said that being president is quite different from heading a private equity firm, and that Romney's previous work at Bain doesn't necessarily qualify him as commander in chief.

"When you're president, as opposed to the head of a private equity firm, your job is not simply to maximize profits," Obama said. "Your job is to figure out how everybody in the country has a fair shot."

The president is keeping up the rhetoric criticizing Romney's years at Bain as he slammed the former Massachusetts governor last week for his handling of a steel mill that went bankrupt under Bain's management . On Monday, the Obama campaign launched an ad that criticized Romney in relation to the bankruptcy of Ampad .

--Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $122.77 0.00%
FB $94.20 -2.80%
GOOG $627.26 0.00%
TSLA $253.39 -4.50%
YHOO $37.84 0.00%

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs