HolyCoast: Want to See a Private Equity Scandal? Don't Look at Bain, Look at Obama

Friday, May 25, 2012

Want to See a Private Equity Scandal? Don't Look at Bain, Look at Obama

The Washington Post hits Obama on what he hoped would be a campaign theme against Romney:
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.

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.
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.

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!

1 comment:

Sam L. said...

Sounds like the WaPo didn't get the message. Or they're not concerned about the DOJ or IRS. Hmmmmmmmmmmm.