Tuesday, June 26, 2012

Obama and Biden strike at Romney on overseas jobs

(AP) ? President Barack Obama and Vice President Joe Biden unleashed a back-to-back assault Tuesday on Republican challenger Mitt Romney, re-emphasizing Democratic assertions that Romney as a venture capitalist sent U.S. jobs overseas and paid no heed to the impact on American workers. Obama, who was fundraising in Atlanta and Miami, cast his Republican rival as the type of wealthy investor whose only goal was making money no matter the cost. Behind the criticism of Romney's business record is the Obama campaign's belief that the effort to undermine a potential Romney strength ? his experience as the successful head of the private equity firm Bain Capital ? is yielding results and raising questions with voters. Biden made note of news reports that Bain took over firms that sent jobs to China and India and opposed union efforts to increase wages and improve benefits. Romney campaign spokeswoman Andrea Saul called Biden's comments misleading and said they were an effort to distract voters from Obama's "disastrous economic record." The urgent tone was designed to spur more giving. [...] last month, Obama had been by far the leading fundraiser in the presidential contest.

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