Skip to comments.Obama hates Bain, but loves Bain-backed Staples
Posted on 07/03/2012 9:42:54 AM PDT by Kaslin
While their candidate is out bashing Mitt Romney's Bain Capital as a job outsourcer and greedy corporate raider, President Obama's campaign is endorsing the essence of one of Bain's biggest success stories, low-price office supply store Staples.
Created in a 1986 partnership with Bain during Romney's leadership at the private equity firm, Staples was so successful Bain received a near seven-fold return on its investment and Romney sat on the Staples board of directors for over a decade.
The idea was a simple one: sell office supplies for less and direct to companies and everyday Americans.
Team Obama turns out to be a big fan, spending $17,963.04 at Staples this year alone, according to Federal Election Commission reports. The Obama campaign just doesn't walk into stores to shop, it also participates in the Staples Advantage business-to-business market where a majority of the spending went.
And the endorsement of Bain-backed super-stores doesn't end there. The campaign in February also spent $199.99 at Sports Authority which the Romney firm also backed.
But, but....Obama’s claim to fame is the success of all the Solar companies.............right?
Demagoguery - That was Easy.
When I head over to observe the animals at DU/DK and Huffpo, Staples is most times one of their side adverts.
How about Demothuggery?..
According to his logic success is when you have to file for bankruptcy
Its a shame the same love could not be shown to Blockbuster, Ritz Camera, Borders, KB Toys, Circuit City...
I find it interesting that obama hates Bain. I think it was Glenn Beck that was saying something to the effect that the current CEO of Bain is a big obama donor