A major Barack Obama donor is tied to Bain Capital’s decision to close two companies
It is no secret that Barack Obama feels as if Mitt Romney’s experience while at Bain Capital is fair game in the upcoming election and he intends to make it a campaign issue. Because Mitt Romney touts this experience as proof he is a job creator I happen to feel as if this is fair game, but that doesn’t mean the Obama campaign can be untruthful about Mitt Romney’s time at Bain Capital. However, up until this time Barack Obama hasn’t been entirely truthful about Mitt Romney’s tenure at Bain Capital or the role one of his major bundlers has played in Bain Capital.
First the Obama campaign ran a heartwrenching ad about a steel company–GST Steel–that Bain Capital purchased and eventually was forced to close. The ad mentions how influential Mitt Romney was in the decision yet fails to mention that while he left the company a full two years before the closure a Barack Obama bundler–Jonathan Lavine–was sitting on the Board of Directors when the factory closed and likely played a prominent role in the closure. The ad was deceptive at best and disingenuous at worst, and now the Obama campaign is at it once again.
The Obama campaign’s latest attack on Bain Capital revolves around a company named American Pad & Paper which Bain was eventually forced to shut down. But what he fails to mention is the fact that Jonathan Lavine was still on the Board of Directors at Bain for this closure as well as the closure of GST Steel and likely played a prominent role in the decision.
Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President Obama’s most prolific fundraisers. He has already raised more than $200,000 for the Obama campaign this election, according to Federal Election Commission records.
Lavine’s placement on the board of Ampad suggests he had a more direct role than Romney in the series of events surrounding the layoffs, labor disputes and eventual bankruptcy of the Marion, Ind., factory featured in the Obama campaign video.
The Obama campaign’s response?
No one aside from Mitt Romney is running for president highlighting their tenure as a corporate buyout specialist as one of job creation,” Labolt said. “The president has support from business leaders across industries who have seen him pull the economy back from the brink of another depression
Mitt Romney is running for president while Jonathan Lavine is not so the focus should remain on Mitt Romney even though he wasn’t involved in the decision, that is the official defense (spin) of the Obama campaign. The campaign is ignoring the fact that a major bundler of Barack Obama’s WAS involved in the decision and while he is not running for president he is directly involved in the reelection bid of Barack Obama, therefore his role in the decision is fair game in this debate. If this is a can of worms the Obama campaign wants to open then the whole story should be on the table and not just the aspects of the story Barack Obama wants to see on the table.
If this is going to be a story than the people need to hear the full story and not the story as Barack Obama wants to see it. The American people deserve the whole truth, I know this is a tough order for Barack Obama but if he wants to win reelection he needs to stop cherry picking the details he likes and tell the American people the truth for once.