No one knows for certain yet whether the decision of Newt Gingrich to attack Mitt Romney for his work at Bain will end up hurting or helping Romney’s campaign. Most conservatives believe the attack now gives the GOP frontrunner the chance to prepare a response. In her column today, Peggy Noonan understands what’s at stake:
A full-throated, detailed defense of Bain that is also a defense of economic freedom and free markets might not only benefit Mr. Romney. It just might help valorize, or rather revalorize, the reputation of capitalism, which has taken a beating the past few years and not recovered. That, actually, might be a public service.
The Obama campaign wanted to launch its Bain attack in the fall. Mr. Romney can face the attack now, head on, and begin not inoculating himself from the issue but exhausting it.
Read the whole thing.