When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, May 23, 2012

What's wrong with Obama's Bain ad?

“If you look at the totality of Bain Capital’s record, they’ve done a lot to support businesses, to grow businesses," Booker (Democratic Mayor of Newark, New Jersey) said during an appearance on NBC’s “Meet the Press.”

What's wrong with the Obama campaign's Bain ad?--Democratic Mayor of Newark, New Jersey, Cory Booker characterized Obama's Bain ad as "nauseating" on NBC's Meet the Press on Sunday, for reasons he explained which also deal with the whole issue of the purpose and place of private equity in the American economy: “I have to just say, from a very personal level, I’m not about to sit here and indict private equity,” Booker said. “I live in a state where pension funds, unions and other people are investing in companies like Bain Capital.” Booker also said“This kind of stuff is nauseating to me on both sides,” Booker said. “It’s nauseating to the American public. Enough is enough. Stop attacking private equity. . ." 

"Booker’s remarks earlier Sunday were aimed at a television advertisement introduced by the Obama campaign last week that sharply criticized Romney’s record at Bain — a line of attack seen as central in an election whose outcome is expected to be shaped by voters’ economic concerns" (Washington Post).

Debra Saunders in Real Clear Politics nails the Obama campaign for the deceit and lies embedded in the ad itself--

RealClearPolitics - Obama Thinks He's the Fairness Czar: "Obama campaign ad: "After purchasing the company, Mitt Romney and his partners loaded it with debt, closed the Kansas City plant and walked away with a healthy profit, leaving hundreds of employees out of work with their pensions in jeopardy." Missing from the story: the fact that Romney wasn't in charge anymore and that in 2001, the steel industry was in a world of hurt -- with low steel prices and high production costs -- which drove a lot of mills out of business. I would add that the steelworkers in the political ad were talking about the heyday of the steel industry, which occurred long before Bain stepped in to rescue an ailing mill." (Debra Saunders in RealClearPolitics)

Lies, deceit, misleading--the hallmarks of Obama as shown by his own campaign ad. Is this the kind of guy you want to be President for the next 4 years?


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects