With Jobs on the Line, Obama White House Turned to Private Equity to Save the Day.

Wall Street Journal ^ | 8/24/2012 | Jonathan Shieber

[scooby321]

While accusing presidential candidate Mitt Romney of cutting a swath through American industry during his time as a private equity executive, the White House was working with another private equity firm with long-standing Washington ties to save jobs in the Northeast, according to a story in the Wall Street Journal.

Gene Sperling, the director of President Obama’s National Economic Council, helped to broker the deal between the Carlyle Group and Sunoco Inc., which saved a Philadelphia oil refinery and helped keep gas prices down during the summer.

[scooby321]

After talking with the EPA and state and local officials, the agencies agreed to allow Carlyle to transfer emissions credits from one refinery to another, basically letting Carlyle emit more at its Philadelphia plant, according to the Journal report.

[TribalPrincess2U]

And after the election, things go back the way they are, only worse (IF he gets selected)