President Obama, leveraging the stage Monday of a NATO summit in Chicago, defended his campaign critique of Mitt Romney's tenure at Bain Capital -- accusing his likely Republican rival of "missing what this job is about" by touting his experience at the private equity firm.
At a half-hour press conference covering a host of national and international issues, the president diverted from the security agenda to answer a question about the escalating spat between the Obama and Romney campaigns.
The president said he understands private equity's role of maximizing profits is a "healthy part of the free market." But he said "that's not always going to be good for communities or businesses or workers," and defended his campaign's decision to scrutinize Romney's Bain record.
"(Romney's) main calling card for why he thinks he should be president is his business experience," Obama said.
He went on to say the job of president is "not simply to maximize profits" and that he has to take "everybody" into account -- suggesting Romney would not do the same.
"And so if your main argument for how to grow the economy is, 'I knew how to make a lot of money for investors,' then you're missing what this job is about," Obama said.
The comments capped a tumultuous day on the campaign trail, as both candidates traded fire over Romney's Bain record. The Obama campaign on Monday initially found itself on defense, after Obama surrogate Cory Booker, the Newark mayor, criticized the Bain attacks a day earlier.
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