Jeffrey Zients will serve as President Obama's new acting director of the Office of Management and Budget (OMB). Zients and Romney are both alumni of Bain & Company.
Obama: "I'm pleased to designate Jeff Zients to lead the Office of Management and Budget."
Romney might also be pleased at Zients' promotion, given that they have a common professional background; Zients worked with Bain & Company as early as 1988, according to the Bain website. Republican presidential candidate Mitt Romney worked at Bain & Company, first from 1977-1984, and then again from 1991 and 1992, when he was the Bain & Company chief executive officer.
President Obama's top campaign strategist, David Axelrod, speaks of "Bain mentality,"
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