Obama: Bain attacks are not ‘a distraction’

Updated

President Barack Obama shot back today at (supposedly) Obama surrogate and Newark Mayor Cory Booker’s criticism that Mitt Romney’s record at Bain Capital was a “distraction” in the campaign.  

Booker called Obama’s attack ads on the private equity firm ”nauseating” on Sunday’s Meet The Press on NBC.

At a news conference today at the conclusion of the NATO summit in Chicago, Obama said that the goal of a private equity firm is to “maximize profits,” which Obama contrasted to his job as president.

“Your job is not to simply maximize profits. Your job is to make sure everyone has a fair shot,” Obama said.  

“The reason this is relevant to the campaign is my opponent, Governor Romney, his main calling card for why he should president is his business experience,” Obama said. “He’s not going out touting his experience in Massachusetts. He’s saying, ‘I’m a business guy, I know how to fix it, and this is his business.’”

“And when you are president as opposed to the head of a private equity firm, your job is not simply to maximize profits,” Obama continued. “Your job is to figure out how everybody in the country gets a fair shot.”

Obama’s campaign today released the second ad in two weeks focused on Bain. 

Ed will have a lot to say about this tonight on The Ed Show at 8pET on msnbc with U.S. Senator Lautenberg!

Cory Booker, Mitt Romney and Barack Obama

Obama: Bain attacks are not 'a distraction'

Updated