Skip to comments.Staples vs. Solyndra (Bain vs Cronyism)
Posted on 07/18/2012 6:49:53 AM PDT by SeekAndFind
Can a President seeking re-election with a stagnant economy and high unemployment really be winning the jobs argument against a man who backed hundreds of thriving businesses? Can a President who sank taxpayer dollars into green-energy failures now succeed by attacking an opponent who funded winning start-ups with his own money?
Yes, President Obama's attacks on Mitt Romney and the company he founded, Bain Capital, are deceptive and hypocritical. But Team Romney is compounding the damage from this character assault by conceding too much of the Obama critique.
When attacked for "outsourcing jobs," the Romney camp responds by saying that Mr. Obama does it, too. Or the Romney campaign suggests that their candidate had already left the firm to save the Olympics when Bain was doing all really bad stuff. Thus the trivial back-and-forth over when he really, finally, left Bain for good.
Tuesday's Romney response was that Mr. Obama has collected more than $100,000 in contributions from Bain employees even as he viciously attacked them.
This is a fair (if still insufficient) point, and the Romney campaign could add that the President may have benefited himself from Bain capitalism. Firms like Bain may have helped pay Mr. Obama's salary when he taught law at the University of Chicago. While he was a professor there, the school ramped up its investments in private equity, enjoyed outsize returns and, according to a 2000 article in Pensions and Investments magazine, was limited partner in more than 80 private-equity funds. The school won't say whether Bain funds were among them.
But next time Mr. Obama talks on the campaign trail about his rise from humble roots, he might also express some gratitude to the Mitt Romneys whose private-equity investments helped to build university endowments and thus helped underwrite Mr. Obama's career in academia.
(Excerpt) Read more at online.wsj.com ...
When will Romney begin to fight? Will he?
When he gets over his fear of a part-black man and the forces that man is willing to bring to bear. It’s almost as if Obama’s minions have privately assured the Romney camp that if they do fight effectively and DO look like they’re going to win, accidents might well happen to their family members, especially the defenseless ones.
It might be a GREAT idea for the conservatives and especially those who are Tea Party supporters or No New TAX supporter to get people to start looking at spending in news ways and from “0” (zero) budgeting...that includes defense. The waste crap and crony spending is KILLING AMerica - the parties are trading food stamp spending for F35 spending...bad for all of us.
This from a ( black ) guy on Facebook regarding this topic :
To vote for anyone other than President Obama will simply put this country back on the same track before he took office! If you think sending jobs out of the country to be competitive is what any successful business person would do , just think about the immediate and long term effect it has to create unemployment! It does not take a Rocket scientist to see the effect of the successful business who hides his taxes, keeps his money in off shore bank accounts! What President Obama is doing is exposing true colors and reality of how our Country has gotten turned upside down in the name of successful business men with competitive business strategies to break our country! Just call it what it is........GREED! “
Romney: Let’s Talk About Staples vs. Solyndra