Candidate Romney is having a very bad week or four. For anybody who hasn't been following, here's the basics (bolding for what I believe is the most relevant bit):
Thursday morning, the Obama campaign released a tough ad attacking the record of downsizing and outsourcing at Romney's old firm, Bain Capital.
The Romney campaign reacted with outrage. That same day, it announced a multimillion-dollar purchase of airtime for an ad that bluntly accused President Obama of lying.
In support of the ad, Romney's team argued that he had left Bain Capital in February 1999; the incidents alluded to by the Obama campaign all occurred after that date and had nothing to do with Romney.
Wham. The first attack on Romney had been a jab, dropping Romney's guard against the haymaker: On Friday, the Obama team counter-charged that it was Romney who was lying in his ads or who had committed a felony, lying on 140 official forms that he signed as CEO and sole shareholder of Bain between 1999 and 2002.
Romney now chased the Obama story, granting five TV interviews to reiterate his version of events. The more he talked, the more deeply into trouble he sank. By Sunday, even Romney supporters were urging the thing he wants least: release of more income tax returns.
And here again, what got Romney into the trouble was his war room. It was the too-fierce response to Attack 1 -- the adamant insistence that Romney had nothing, nothing to do with anything that happened at Bain after February 1999 -- that set up Romney for Attack 2: Did he lie on SEC forms? And now he will struggle through the rest of the election trying to reconcile his answers. [...]
Romney's core problem is this: He heads a party that must win two-thirds of the white working-class vote in presidential elections to compensate for its weakness in almost every demographic category. The white working class is the most pessimistic and alienated group in the electorate, and it especially fears and dislikes the kind of financial methods that gained Romney his fortune.
Romney has a strong potential defense: Bain was in the business of making companies more efficient and profitable. Downsizing and outsourcing were necessary -- and often indispensable -- means to that end. In a growing economy, the workers who lost their jobs should find new jobs elsewhere, and it's precisely the relentless search for profitability that causes economies to grow in the first place.
That's an argument that, to borrow an old joke of Henry Kissinger's, is not only convincing but has the additional merit of being true. However, it's not an argument that appeals much to the voters Romney most intensely needs to win. Hence his unleashing of the war room -- but in the end, there's only so much a war room can do.
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