Mehdi Hasan - Sadly Barack Obama, like Mitt Romney, is an apologist for the 1%

Poor Mitt Romney. Despite defeating a weird and wacky line-up of candidates in a gruelling Republican primary race, and despite selling himself as "the CEO president", he can't seem to shake off his image as a slash-and-burn private equity boss, a modern-day incarnation of Gordon Gekko.

It hasn't escaped his opponents' attention. In 2008, Romney's then rival for the nomination, Mike Huckabee, mocked him for looking like "the guy who laid you off". Last year, during his own brief and bizarre bid for the presidency, the billionaire entrepreneur Donald Trump ridiculed Romney as "a funds guy" who would "buy companies … close companies [and] get rid of the jobs". And, last week, Team Obama released a campaign ad attacking Romney's private equity firm, Bain Capital, and referring to the Republican candidate as a "vampire".

In a show of co-ordinated faux outrage, Republicans have since called on the president to disown such attack ads. But drawing attention to Romney's record as a corporate raider is fair game. As co-founder and chief executive of Bain Capital, Romney did make hundreds of millions of dollars from private equity deals, and did lay off hundreds of workers in the process.

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http://www.guardian.co.uk/commentisfree/cifamerica/2012/may/24/barack-obama-mitt-romney-apologist