The examples you gave about some of the positive things that Bain Capital has done are good, but what about all of the other cases, that have been coming out in the news lately about the numerous cases where they have done just the opposite. Even though your examples are good, there are many more examples of Bain Capital taking over companies, laying off workers, then selling those ruined companies for huge profits. Since a large number of these cases of abuse took place when Mitt Romney was CEO, he is put in the very difficult place of doing some very heavy damage control in order to be elected President. Frankly, I doubt he can do it.
Even though I will admit that the Republicans are not entirely to blame for the high rate of employment, I do blame them for the lack of positive action to correct the problem, during that time that President Obama has been in office. They have done absolutely nothing to cooperate with anything he has tried to do to create jobs. All they have done it is put up one roadblock after another, no matter how good any of the president's ideas may have been. They even had the audacity to admit, shortly after Obama was elected, that their main objective was going to be defeating him in the 2012 election.
The argument over outsourcing vs. offshoring is mostly a squabble over semantics, and I doubt that President Obama's election team will stick with it. It was mainly a source of jokes for the Vice President, Joe Biden.
Even though I also agree that individual states are largely responsible for their own financial well-being, the federal government also shares some of the responsibility because they are the ones that set up, and enforce, Federal trade and banking/financial policies. After all, federal authority always supersedes state authority. As far as I'm concerned, that issue was settled by the Civil War.
The main area where the federal government accumulated such a huge debt was prolonging to costly, and unjustified wars in Iraq and Afghanistan. President Obama made a huge mistake by not bringing our soldiers home soon after his election as he promised. Even though he inherited these wars from GW Bush, he should have ended them far more quickly than he has. By the way, he also inherited this current financial mess from GW Bush, so he has had to spend the last 3 1/2 years doing damage control for his the predecessor.
Since the Republicans control a large number of seats in both the Senate and House of Representatives, I still place a large amount of the blame for this recession on them. The president has had some pretty good ideas about how to fix things, but without Republican cooperation they died on the vine. If they had placed less priority on obstructing him, and a higher priority on trying to work with him, maybe I would give them a little more credit than I do.