Obama Campaign To Screen Video Attacking Romney's Record

Mitt Romney's record at Bain Capital is the latest target in the Obama For America campaign.

The campaign will hold a press conference in Concord at at 11:00 a.m. today to screen "Romney Economics: Bankruptcy and Bailouts at GST Steel," which launches alongside a website attacking the Republican candidate's business record.

Screenings will be held across the state, with an Amherst showing taking place at 16 Conifer Lane beginning at 6 p.m. tonight

The following press release was sent from the Obama campaign:

Manchester -- Obama for America will hold a press conference Tuesday in Concord at 11:00 am, screening a new video and launching a new website that take a look at Mitt Romney's business philosophy and what it would mean for the American economy. Throughout the week, OFA-NH will screen the video at grassroots events across the state where attendees will also discuss with their neighbors what’s at stake in this election. Additionally over the next few days, OFA will host press conferences in Conway, Laconia, Plymouth, Claremont and Portsmouth on this same issue.

The campaign is releasing a six-minute video featuring the story of GST Steel (and a two minute trailer), which was purchased by Bain Capital and subsequently shuttered after more than 100 years of business. After purchasing the company, Mitt Romney and his partners loaded it with debt, closed the Kansas City plant and walked away with a healthy profit, leaving hundreds of employees out of work with their pensions in jeopardy. The video will be featured on RomneyEconomics.com, a new website that allows the American people to learn the real story of Mitt Romney’s business record. The website includes case studies of other companies that suffered under Mitt Romney’s management, as well as a breakdown of the questionable business practices used by Mitt Romney and his partners.

Mitt Romney has repeatedly cited his business experience as his chief qualification to be President, claiming he would use it to boost the economy, create jobs, and reduce the deficit. RomneyEconomics.com examines what kind of businessman Mitt Romney actually was – and what that would mean for our economy. Romney's business strategy wasn’t about strengthening companies and creating jobs for long-term economic growth. It wasn’t about investors and workers playing by the same set of rules, and it certainly wasn’t about creating an economy built to last by rewarding hard work and responsibility and strengthening the security of middle-class families.

In a career of buying and selling companies, Romney’s pattern was to reap quick profits for himself and his investors at the expense of workers and communities. Sometimes it meant sending American jobs overseas. Other times, it meant cutting wages and benefits. In Romney’s economic philosophy, CEOs and wealthy investors prosper by any means necessary, even when it meant companies failed and workers were left behind. Romney believes in two sets of rules – one for people like him, another for everyone else.

Speakers at the press conference will also discuss how Mitt Romney's business practices affected one New Hampshire community.

RomneyEconomics.com examines a simple question – are the lessons and values Mitt Romney drew from his time in business the lessons and values America wants in our President?  

While Mitt Romney wants to go back to the philosophy that created the economic crisis, President Obama is moving America forward – to an economy built to last, where hard work pays off, responsibility is rewarded, and everyone has a fair shot, does their fair share, and plays by the same rules.