With friends like this….
If he could somehow get hold of his hair, Barack Obama would surely be pulling it out right now. Obama has made it clear that the direction for his re-election campaign is to attack Mitt Romney on Bain.
(CBS News) Attempting to drive home the message that Mitt Romney is a corporate executive concerned with the bottom line and not American jobs, the Obama campaign released a new video on Monday attacking Romney and Bain Capital for laying off workers at an Indiana office supply factory.
It’s a loser. Bill Clinton just made it a huge loser.
Many democrats object to attacks on Bain and on private equity.
Host Willie Geist had asked Patrick whether Romney’s past at Bain at all impacted “the way he governed or drew up policy.”
“I think that the issue isn’t about Bain,” Patrick responded. “It’s about whether he’s accomplished, in either his public or private life, the kinds of things he says he wants to accomplish for the United States. And when it comes to growing jobs in the public sphere or fixing government, the record on that is not very strong. In fact, I would say that there is one profoundly important thing that Governor Romney did when he was governor of Massachusetts, and that’s to sign the health care reform bill.”
But the attacks against Mitt Romney’s record at Bain Capital—by both his Republican brethren and Democrats—and the demonization of the private equity industry are really starting to annoy me. I won’t vote for him for president based on his policies and the policies of the party he represents, but I believe Mitt Romney’s business track record at Bain Capital, and the private equity industry as a whole, is deserving of a full-throated defense.
First, Bain Capital is a great firm.
This morning on MSNBC, former venture capitalist Sen. Mark Warner D-Va. admitted that Bain Capital was “very successful” and “did what they were supposed to do.”
When asked about whether attacks on private equity were fair, Warner said that he was “proud” of his previous career in the private sector but noted that public service required a “different skill set.”
“Bain Capital was a very successful business. They got a good return for their investors. That is what they were supposed to do,” Warner said.
“It’s nauseating to the American public,” Booker said on NBC’s “Meet the Press.” “Enough is enough. Stop attacking private equity.”
It’s hard to imagine a more instructive couple of days for those who want to know where the Democratic Party’s head is at: its only high-profile African American moderate just got a brushback pitch for leaning in too close to the Independent thought zone; the Obama camp looks ominously like a cult of personality that tolerates no dissent; and the reelection campaign just doubled down on the European leftist notion that business is fair only when it operates in a sanitized, risk free manner.
Even Steny Hoyer
Then there is the irony of Obama harping on private equity while fundraising at the home of the CEO of a private equity firm.
But nothing is as damaging as Bill Clinton.
On the one hand Clinton proclaims that he believes Obama will win “big” and then on the other hand tells Obama to stop attacking Bain:
Former President Bill Clinton predicts that President Obama will win re-election by “five or six points,” but also suggested last night that the incumbent stop attacking Mitt Romney’s private equity work at Bain Capital.
“I don’t think we ought to get into the position where we say, ‘this is bad work, this is good work,'” Clinton said on the Piers Morgan program on CNN.
Clinton not only said that Romney was qualified to be President but that his business record at Bain was “sterling.”
Clinton told guest host Harvey Weinstein that Romney is qualified for president.
“There’s no question that in terms of getting up and going to the office and basically performing the essential functions of the office, a man who has been governor and had a sterling business career crosses the qualification threshold,” Clinton said.
That’s got to cause Obama some serious acid reflux. democrats are ripping out of underpinning of the Obama’s entire central campaign theme but Clinton’s words will just kill it.
With the news this morning that unemployment is up and jobs are down, I think Clinton just handed Romney a victory.
And that’s great news for the country. Happy Friday!