Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty.The article then goes on to list example after example of the mess Obama has made with taxpayer-funded investments in private companies. It's a litany of bankruptcy and failures. Read it all.
Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions.
I guarantee you Mitt Romney's record with Bain was much, much better. He wasn't investing in liberal fantasies.
And one big benefit with Obama's attack on private equity - it's the first time in recorded history that Sen. Chuckie Schumer is afraid to get near a microphone and camera. Thanks, Obama!