RICHMOND, Va. (Official Wire) — Mitt Romney insists that he stepped down from his private equity firm years earlier than federal records indicate, but President Barack Obama is more than a little skeptical and says his Republican rival has much to explain.

Obama campaign advisers said the president, during a second straight day in tightly contested Virginia, planned to remind voters on Saturday of the discrepancies between Securities and Exchange Commission filings and Romney’s recollection of his role at Boston-based Bain Capital.

Obama was focusing on a state that he won in 2008, a first for a Democratic nominee since 1964, and on an issue that Romney says diverts attention from struggling economy.

A new ad from Obama’s campaign repeated the charges that the firm shipped American jobs to China and Mexico; that Romney has personal wealth in investments in Switzerland, Bermuda and the Cayman Islands; and that as Massachusetts governor, he sent state jobs to India.

Read more at Official Wire. By Jim Kuhnhenn.

Photo credit: Cain and Todd Benson (Creative Commons)

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