Entries in Video Ad (3)


Top Obama Donor Tied to Bain Layoffs

BRENDAN SMIALOWSKI/AFP/Getty Images(WASHINGTON) -- The Obama campaign’s latest attack tells the story of workers at an Indiana office supply company who lost their jobs after a Bain-owned company named American Pad & Paper (Ampad) took over their company and drove it out of business.

But here’s what the Obama Web video doesn’t mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at the Richardson, Texas-based Ampad, which makes office paper products.

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 started working for Bain in 1993.  He was one of three Bain executives who served on the board of directors of Ampad for several years, a post he held until 1999.

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.

Asked about Lavine’s role, Obama campaign spokesman Ben Labolt put the focus back on Romney.

“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”.

And, Labolt argued, Romney, as the CEO of Bain, would have been the one ultimately responsible for what happened with Ampad.

“He made profit at any cost for himself and his partners by outsourcing jobs and bankrupting companies,” Labolt said.  “From buyout to bankruptcy, Mitt Romney was CEO and sole owner of Bain.  The managing director working on Ampad reported directly to him and has said Romney could have ordered him to settle with the union but didn’t.”´╗┐

Copyright 2012 ABC News Radio


Obama Video Hits Romney Role in Ampad Bankruptcy

Jeff Swensen/Getty Images(WASHINGTON) -- The story of Ampad, a company acquired by Bain Capital in 1992 that later went bankrupt, was used successfully by Democrats 18 years ago to help derail Mitt Romney’s run for a U.S. Senate seat from Massachusetts.

Now, the Obama campaign is resurrecting the case to help keep Romney out of the White House.

A new five-minute campaign web video aims to discredit Romney’s key selling point of his candidacy -- his business experience -- featuring testimonials of workers laid off from a Marion, Ind., office products factory acquired by Ampad in 1994.  Romney was CEO of Bain at the time.

“Good paying job with good benefits.  I loved the people I worked with.  I thought I was settled in for life,” says worker Jerry Rayburn who lost his job after Bain came in.

Ampad went bankrupt in 2000, shedding a total of 1,500 jobs, according to the film.  Bain profited $100 million from the deal.

“He’s just the opposite from Robin Hood,” one worker says of Romney.

With the Ampad video, the Obama campaign signals it is doubling down on the argument that Romney was a corporate raider more interested in amassing personal wealth than in creating jobs.  

Last week, Democrats focused on the case of Kansas City, Mo., steel company GST Steel, which was also acquired by Bain and later closed.

GST was featured in a TV ad attacking Romney that ran in five battleground states. Obama campaign officials said Sunday that they are extending the ad buy in Ohio.

Copyright 2012 ABC News Radio


Democrats Blast Newt Gingrich in First Video Ad 

Richard Ellis/Getty Images(WASHINGTON) -- For the first time in the presidential primary campaign, Democrats are turning their web video and “rapid response” email attack machine on former House Speaker Newt Gingrich.

Just hours after the ABC News presidential debate in Iowa Saturday, the Democratic National Committee blasted the GOP front-runner in a 90-second ad, labeling him the “original Tea Partier.”

While top Democratic and Obama campaign strategists had made a rhetorical shift in recent days—abandoning their previously exclusive focus on Mitt Romney—the video marks a new phase in their offensive and recognition of Gingrich’s rise in the polls.

DNC chairwoman Debbie Wasserman Schultz underscored the new line of messaging in a statement following the debate, calling the former Speaker “a Tea Party politician even before there was a Tea Party.”

“He supported gutting funding for education and Medicare to fund a tax cut for millionaires and shut down the government over it and those are the same policies he supports today,” she said.

Earlier this week, Obama campaign strategist David Axelrod launched the first direct Democratic attacks on Gingrich, labeling him the “godfather of gridlock” for his role in the federal government shutdown of 1995 and the partisan battle to impeach President Bill Clinton.

A spokesman for the Gingrich campaign did not immediately respond to a request for comment.

Copyright 2011 ABC News Radio´╗┐

ABC News Radio