New Obama ad challenges Romney’s economics

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WASHINGTON (AP) — President Obama’s re-election campaign is keeping up its effort to paint presumptive Republican presidential nominee Mitt Romney as a job-destroying corporate raider at Bain Capital.

In a video being released Monday, Mr. Obama’s campaign zeroes in on a Marion, Ind., company, American Pad & Paper, also known as Ampad. The ad charges that Ampad bought and closed the SCM office products plant, immediately costing 250 workers their jobs.

The aim is to challenge Mr. Romney’s arguments that he’s more qualified than Mr. Obama to handle the country’s shaky economy.

The ad says Mr. Romney and his partners multiplied their investment in the office products plant by 20 times while the company went on to lose some 1,500 jobs and went bankrupt by 2000.

Former Ampad worker Randy Johnson calls Mr. Romney’s performance “just the opposite of Robin Hood.”

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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