President Barack Obama couldn't be happy to see who has emerged as Bain Capital's newest defender -- former President Bill Clinton. On CNN last night, Clinton described presumptive Republican nominee Mitt Romney's business record as "sterling."
The former president, who has consistently shown a better understanding of how the economy works than the current president, warned against demonizing certain lines of work. He explained how private equity groups often try to make a company "more productive with the purpose of saving it." Clinton then added a point that Obama should already know well. "And when you try, like anything else you try, you don't always succeed."
It's still early in the season, but more and more, Obama's attacks on Bain appear to be the bane of his own campaign.