I'm a story teller. And I keep thinking about the life stories of Barack Obama and Mitt Romney. In some ways, both are right out of the American storybook. Of course, some of the details would indicate that the truth can be bent.
Mr. President, you have nothing to lose and everything to gain from following the lead of Cheri Bustos. In the Hofstra town hall debate last week, you referred indirectly to Bain Capital's reputation as a "pioneer in outsourcing."
The Obama campaign's new ad calls Romney a phony because, in his days at Bain Capital, companies his firm controlled were involved in outsourcing American jobs. There are legitimate criticisms of Bain Capital to be made, but this isn't one of them.
Bain Capital is not about producing wealth but rather about siphoning off wealth that was produced elsewhere in the economy. You cannot have an entire economy that is premised on the idea that it will siphon off wealth produced elsewhere.