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President goes after Romney's business record

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    How is GOP candidate pouncing back?

  • Duration 3:09
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Man right there Mitt Romney is running on his record as a successful businessman President Obama is trying to paint Romney.

As bad for business chief Washington correspondent James Rosen looks at the latest attack and counterattack.

And I wouldn't.

-- worker for thirty years with a new website and a two minute ad running in five battleground states the Obama campaign reviving charges first leveled against Mitt Romney during the GOP primaries -- the first general election attack on the presumptive nominee's private equity career at Bain Capital the ad focuses on the bankruptcy of a century old steel plant in Missouri which left 750 workers jobless.

We vehemently Romney in -- -- job destroyer.

Two year on national TV Reagan making.

When he is this truly thousands of people's careers.

In a conference call with reporters -- -- Obama Biden campaign official said Romney quote always want when workers lost.

-- is not about practically.

Order how Romney ran his company.

It's about whether his business experience -- -- uniquely qualified him do.

To be president.

Romney aides pointed out the GS technologies went bankrupt in 20012.

Years after Romney had left Spain.

By day's end they had their own web bad up touting Steel Dynamics in court SDI and Indiana steel works that Bain Capital helped launch in 1994.

And which today employs well over 6000 people.

There's a lot of Friday in what we build out here.

But ST I almost never got started -- -- shied away Mitt Romney's private sector leadership team stepped.

If it wasn't for a company like still dynamic that -- -- have a lot.

At the same time President Obama has escalated his attacks on the financial services sector and portrayed Romney and the GOP as tools of the industry.

And that made no secret about it.

They wanna go back today as when Wall Street played by its own rules and Obama voted for the Wall Street bailout enter the American future Fonda conservative nonprofit that is spending three and a half million to run this adding eight swing states and thereby paint the president as a hypocrite on the subject of big money in politics -- White -- sees full of.

Wall Street executives his first chief of staff is next chief of staff former military office director foreign intelligence ambassador to Germany Treasury Secretary Obama's new chief of staff took nearly a million dollar bonus from Citigroup after taxpayers bail them out.

And while the Democratic Party has banned corporate contributions to this year's nominating convention.

The Wall Street Journal reported that a tax exempt group called new American city aims to collect ten million from Bank of America Wells Fargo and other firms to underwrite some activities outside the convention hall and some expenses directly related to the event.

It also happens that one of president -- -- -- the kind of fund raiser who brings in hundreds of thousands of dollars.

Is a long time senior executive at Bain Capital named Jonathan Levine he was at -- in 2001 although sources tell Fox News Levine.

Handles credit not private equity investments for a -- more on this -- the panel James thank you.