The Washington Times - July 18, 2012, 11:56AM

The attacks on Mitt Romney from the Obama campaign for his work at Bain Capital appear to be boomeranging back to Obama. According to Mike Flynn at Breitbart.com, although Romney exited Bain in 1999, Obama Bundler Jonathan Lavine joined Bain Capital in 1993 and currently serves as its Managing Director and Chief Investment Officer. Flynn reports: 

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Realizing that Obama’s reelection is in serious jeopardy, the President’s campaign today released a two-minute ad slamming Mitt Romney for layoffs made at a company controlled by Bain Capital. The ad is built around interviews with former steelworkers at GST Steel, a mill in Kansas City, who were laid off as the company collapsed in the wake of a downturn in the steel market. The ad is certainly gripping and emotional. It is also, however, completely wrong.

A number of Democrats and Democratic consultants cautioned the Obama campaign about going after Romney for his previous work at Bain. Back in May, Newark New Jersey Mayor Cory Booker defended Bain. Former Congressman Harold Ford Jr.,Tennessee Democrat, was also critical of the attacks on Bain. In fact, former Obama economic adviser and auto czar Steven Rattner said, ” I don’t think Bain Capital has done anything they need to be embarrassed about.”

 Just recently, former Democratic Pennsylvania Governor Ed Rendell has been outspoken over this issue. Philly.com reports: 

On MSNBC Friday, Rendell, a Democrat, said he thought that the Obama campaign “may be hurting the president’s brand a little bit” with its attacks on Mitt Romney over the issue of when he severed his connection to the private equity firm Bain Capital.

“I think our supporters went a bit too far with the felony business,” Rendell said.

He was referring to comments by Obama’s deputy campaign manager, Stephanie Cutter, that Romney may have committed a felony by signing filings with the FEC that indicated he was the CEO of Bain for nearly three years after he said he left the company, in 1999.

Obama’s own allies are warning him and his own campaign refuses to listen. Given the reaction from these Democrats to the attacks on Bain makes one wonder how much of a stake Democrats have in Bain Capital themselves. However, the president is known to throw his own party under the bus if it means he gets what he wants.