Monday, January 9th 2012, 12:47 PM EST
NASHUA, N.H. — Forget his specific rivals. The biggest threat to Mitt Romney is hitting now and set to fully detonate in South Carolina: It’s the Bain bomb.
While conservatives look unlikely to unite around one alternative to Romney, the campaigns themselves are uniting around the theme that the former head of Bain Capital looted companies, tossed people out of jobs and is now exaggerating his success at the venture capital firm.
In the context of this moment in American politics, in which frustration with the privileged is boiling hot, the attack, from Republicans on one side and the Obama campaign on the other, will test Romney. If he ends up looking more like an opportunist who profited for the few than like a man who created jobs for the many, it’s hard to imagine his polls numbers won’t drop.
Inadvertently, Romney created a new opening on the topic here Monday morning as he tried to explain his health care position with a comment almost custom-made for endless repeats in attack ads — and a Web video the Democratic National Committee already has up.
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Updated below with Newt Gingrich Video Link
Gingrich: Romney's firm 'looted' companies - by Justin Sink, The Hill
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Newt Gingrich continued his assault of GOP front-runner Mitt Romney during an national television appearance Monday, arguing that the former Massachusetts governor's time at Bain Capital was defined by bankruptcies and layoffs.
"They apparently looted the companies, left people unemployed and walked off with millions of dollars," Gingrich said on NBC's "Today." "Look, I'm for capitalism, I'm for people who go in to save a company. ... If somebody comes in, takes all the money out of your company, and then leaves you bankrupt while they go off with millions, that's not traditional capitalism."
Gingrich said that, while he had not yet seen a new super-PAC ad that denounces Romney as a "corporate raider," he's likely to support its message.
"I haven't seen the film yet, I suspect I will — I've read about it, but what I've read about it said that it's based upon historical facts," Gingrich said. "I think at some point, Gov. Romney is going to have to hold a press conference and walk through, with considerable detail, some of the companies that Bain took over where they apparently looted the company, left people totally unemployed and walked off with millions of dollars."
Gingrich also dismissed strong polling for Romney ahead of Tuesday's New Hampshire primary, noting that Romney owns a vacation home in the state, served as governor of neighboring Massachusetts and has focused resources on winning that primary.
"This is his third best state after Utah and Massachusetts," Gingrich said, adding that Romney has been "buying advertising [in the state] since 1997."
But the former Speaker called Romney's position "precarious," based on recent polling.
"If he were not to win here, if it's very, very close and it's been sliding around for days, it's a defeat for him," Gingrich said.
Source Link: politico.com