One of the big ironies of the anti-Bain attack on Romney is that Newt is the one doing what the Democrats should be doing, namely, painting Bain as part of the Wall Street problem:
“You have to ask the question, is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of people and then walk off with the money?” […]
The former Speaker is making the case that, in contrast to good old fashioned businesses who make stuff, Romney and his ilk have instead gamed the system to create a soulless machine that profits from the misery of others. […]
“I am totally for capitalism, I am for free markets,” Gingrich assured reporters on Monday. “Nobody objects to Bill Gates being extraordinarily rich, they provide a service.” What he instead is concerned about is when an investor receives “six-to-one returns, and the company goes bankrupt.”
I haven’t seen a Democratic attack on Bain phrased this crisply. Democrats attack Romney’s math on job creation and they are using Randy Johnson, who was laid off in Bain’s gutting of Ampad, as a spokesman. While it’s true that Bain laid people off, the fact that they did so doesn’t in itself make Bain a bad business. Good companies sometimes lay people off. Newt’s attack has more bite because he’s putting Bain in the same boat as the rest of the hated Wall Streeters who almost took this country to ruin and haven’t been punished for their actions.
If Democrats can make this connection, which seems to be an obvious one, they can harness some of the anger that remains over the mortgage crisis and the resulting Great Recession. I might have missed it, but I don’t see that happening. I wonder if it’s because Democrats are afraid of offending deep-pocket Wall Street donors, or because they are afraid of being cast as socialists, or simply because they’re generally inept. But so far, Newt is doing a better job than the DNC.