Michael A. Memoli
Tribune Washington Bureau
DURHAM, N.H.: President Barack Obama continued his attack on Mitt Romney and his former firm’s business practices, mocking the response of his rival’s campaign to a report that Bain Capital had invested in companies that shipped jobs overseas.
Aides to the former Massachusetts governor disputed the report, saying it had confused the business practices of offshoring and outsourcing.
“If you’re a worker whose job went overseas, you don’t need someone trying to explain to you the difference,” Obama said. “You need someone who’s going to wake up every single day and fight for American jobs!”
Obama said that unlike his GOP rival, he would close a loophole in the tax code that offers an incentive to companies who move operations abroad.
The president, speaking at a New Hampshire high school at the start of a two-day swing of campaign events, said his argument against Romney is more than about his business practices.
“It’s part of an overall economic vision that he and Republicans in Congress want to implement,” he told the 1,200-person crowd. “It’s been voted on in Congress; it’s right there on Gov. Romney’s website.”
Appealing to the fiscal Yankee conservatism of Granite State voters, Obama spoke specifically about the deadlock between him and Republicans on the deficit, spotlighting their resistance to asking the wealthy to pay “even a nickel more in taxes.”
Obama also said he cut taxes for typical working families by $3,600 a year, and cut small-business taxes 18 times.
“I don’t believe every regulation is smart or that every tax dollar is spent wisely,” he said. “I share a belief of our first Republican president, Abraham Lincoln, that through government we should do together what we do not do as well for ourselves.”
New Hampshire supported the president by a double-digit margin in 2008, but swung back toward Republicans in the 2010 midterm elections.
Romney campaign spokesman Ryan Williams said Obama was resorting to “false and discredited attacks to divert attention from his abysmal economic record.”
Obama’s first stops on his four-state campaign trip were taking him into Romney’s backyard. The presumptive Republican nominee has a vacation home in New Hampshire and served as governor of neighboring Massachusetts, where Obama went for an evening of campaign fundraisers.
From New Hampshire, Obama traveled to Boston to speak at Symphony Hall on Monday evening. He also planned to raise money today in Atlanta and Miami.
The Associated Press contributed to this report.