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New Obamney OMB director a Bain alum

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Uploaded by on Jan 17, 2012

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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