“Obama can say, `I didn’t load all these companies up with debt, bankrupt them, lay off all their workers, and pay myself millions of dollars in the process,’” Begala said, referring to the contrast with Obama’s bailout of auto companies. “That’s where his storyline collapses. It doesn’t sit right to see companies go bankrupt and go through layoffs, and watch the layoff artist walk away with millions of dollars.”

Begala added that Dems would use this attack line to tell a larger story about Romney — and contrast it with Obama.

“The Bain years are central to Romney’s narrative,” he said. “If you think about the arc of his life, on a personal level, he seems to be an exemplary man. He was born with every advantage of wealth, power, and privilege. But he used all of those talents to enrich himself and his wealthy friends — and to screw the middle class. That feeds into his policy agenda.”

Begala contrasted that with “the contrary arc of Obama’s life.” He said ”Obama, too, went to the best schools. But he grew up poor, with a single mother. He graduated with the same platinum diploma.” Obama went into public service, while Romney “profited off the misery of others.”