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Romney, Obama trade charges of cronyism, outsourcing

Romney, Obama trade charges of cronyism, outsourcing

“WASHINGTON — A counterattacking Mitt Romney is seeking to shift political attention away from his business tenure and his tax returns with a fresh assault on President Barack Obama’s record. Obama, anxious about losing a financial edge in the contest, is turning to Republican-tilted Texas to raise money from gay, Latino and big-dollar donors.

Romney was appearing in the Pittsburgh area Tuesday, stepping up his criticism of Obama in a state that has been a tough presidential battleground for the Republican Party. Romney is accusing Obama of engaging in cronyism, citing federal grants and loan guarantees to alternative energy companies run by Obama backers and donors.

Obama is expected to sustain his offensive against Romney, claiming the Republican’s tax policies would benefit the rich and cost jobs. His re-election campaign continued to draw attention to Romney’s time at Bain Capital, the private equity firm he founded in 1984.”

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