Newt Gingrich’s barbs against Bain Capital, Mitt Romney’s old investment firm, during the Republican presidential-primary campaign were merely an appetizer. Months later, the Obama campaign is launching its own Bain blitz, releasing a maudlin, two-minute montage of disgruntled steelworkers who supposedly lost their jobs because of Romney’s ruthlessness.
The campaign spot, which focuses on GST Steel, formerly of Kansas City, Mo., casts Romney as a Wall Street “vampire” who restructured the company, sold its parts, and left town before it went belly-up.
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