I think Obama's strategy of having the entire media(minus faux news) in his pocket is working wonderfully!!!The Bain strategy isn’t quite working the way Obama’s handlers thought it would.
Even the Washington Post isn’t all on board:
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 Post’s View
President Obama wants it both ways on private equity
And while he excoriates Romney for being a Vulture Capitalist, look who’s running his campaign:
Former Denver mayor and Clinton Transportation and Energy Secretary Federico Peña is an Obama national campaign co-chair. So what?
Well, Pena is a partner in Vestar Capital, a private Equity firm.
You can’t make this crap up. Here Obama is ripping his opponent for being an evil capitalist, and his own co-chair is an evil capitalist. I guess its like Obama railing against lobbyists, and then hiring them for his administration.
Well, maybe Pena, unlike their caricature of Romney, is in business to help businesses keep their employees, right? That would make him a good democrat. Let’s take a look:
In March of 2011, Vestar acquired 100 percent of Del Monte Foods through a leveraged buyout.
Just two weeks ago, Del Monte announced the closure of a plant in Kingsburg, Calif., effectively slashing 1,000 jobs.
Obama’s co-chair has owned it for less than 2 months, and already they are putting people on welfare.
Eight years ago, Vestar purchased the Solo Cup Co. Shortly afterward, they shuttered three U.S. factories, and in 2010, Solo Cup announced plans to shut an 80-year-old factory, ending more than 540 jobs.
But wait! There’s more!
In 2002, Vestar acquired frozen food giant BirdsEye Foods. Four years later, Vestar laid off approximately 500 workers at BirdsEye.“Some of them were employed at BirdsEye for 15 to 30 years.”
Spin THAT! Suckers.
everytime i turn on the TV, I hear someone questioning Romneys record with bain!!!
brilliant!! we certainly dont need a VULTURE capitalist in the oval office!! esp as congress's agenda gets more and more right winged!!