Obama: Bain scrutiny ‘not a distraction’

The Cory Booker PR kerfuffle resulted in President Obama’s clearest explanation yet on his criticism of Bain Capital: that being good at private equity is not the same as being president — which is to take care of everyone, not just investors.

After giving a speech at the NATO summit today in Chicago, Obama defended his campaign’s relentless scrutiny of Mitt Romney’s business career.

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

To the president, Bain is fair game as an election talking point. “If the main basis for him suggesting he can do a better job is his track record as the head of a private equity firm, then both the upsides and the downsides are worth examining.”

You can expect more where that came from. “This is not a distraction,” Obama insisted. “This is what this campaign is going to be about.”

Obama avoided bring up Booker and his recent comments, only referring to him as an “outstanding mayor.”

Cory Booker, Mitt Romney and Barack Obama

Obama: Bain scrutiny 'not a distraction'