If you’re only going to read one thing on the Interwebs today (I mean…obviously one thing other than Urbangrounds.com…then by all means, head over to the Washington Post and read this Mark Thiessen opinion piece:
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. Consider just a few examples of Obama’s public equity failures:
Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital “is what this campaign is going to be about.” Good luck with that, Mr. President. If Obama wants to attack Romney’s alleged private equity failures as chief executive of Bain, he’d better be ready to defend his own massive public equity failures as chief executive of the United States.
Look, Obama is — without a doubt or an argument to the contrary — a Stuttering Clusterfuck Of A Miserable Failure™. And his attacks on Bain Capital are nothing less than an outright attack on one of the things that built this country and continues to make it the greatest place on Earth: capitalism.
Thiessen makes some great points about Obama’s failed leadership and investment savy using his record in gambling away billions of tax payer dollars on craptastic “investments.” Of course, Thiessen had to use Obama’s record in the public arena, since The Won has zero experience in the private sector.
Despite what Obama’s deluded mind says to the contrary:
There was a woman in Iowa who shared her story of financial struggles, and he gave her an answer right out of an economic textbook. He said, “Our productivity equals our income.” And the notion was that somehow the reason people can’t pay their bills is because they’re not working hard enough. If they got more productive, suddenly their incomes would go up. Well, those of us who’ve spent time in the real world —(laughter) — know that the problem isn’t that the American people aren’t productive enough — you’ve been working harder than ever. The challenge we face right now, and the challenge we’ve faced for over a decade, is that harder work has not led to higher incomes, and bigger profits at the top haven’t led to better jobs.
The real world? Obama? Yeah…I’ll wait while you go get a napkin to wipe up the coffee you invariably spit all over your monitor when you read that laugh line. As this commenter at Politico chimes in so eloquently: “His entire life has been some kind of a bizarre composite other-worldly fairy tale of Islam, dog eating, Hawaiian prep-schools, a mysteriously paid for million dollar education, two biographies before he was 40 and a fictional job as a supposed community organizer.”
- 7/11/2012 -- Investing in Swiss Banks is Unpatriotic or Something. Unless You’re the Chair of the DNC. (5)
- 7/17/2012 -- Summer of Recovery in Full Swing: Retail Sales Fall for 3rd Month in a Row (0)
- 1/8/2012 -- Why is Romney doing such a lousy job defending his record at Bain Capital? (1)
- 10/12/2011 -- Obama’s Spending Stimulus (in the guise of a ‘Jobs’ bill) Bill Shot Down in the Senate (7)
- 4/14/2012 -- Most Secretive President EVAH! Demands Romney Release More Tax Returns (4)