This is from today’s press briefing at the White House. Jay Carney is queried about the Obama campaign’s attacks on Mitt Romney’s time at Bain Capital — 78% success rate, by the way — and, well, see if you can make any sense of what Carney says.
Two problems with Carney and the White House’s thinking spring to mind. One, Carney says that it’s the president’s responsibility to see that displaced workers are able to get job retraining and unemployment benefits. Since when? Can the former adjunct con law professor point to a clause in the Constitution that makes worker retraining a president’s job? The notion that everything under the sun is the president’s job is part of why we’re in the fiscal mess that we’re in. Two, the White House still doesn’t see a problem with its wasting billions of taxpayer dollars on greendoggles, even while the Obama campaign assails Romney for what is a pretty good investment record at Bain. It exposes how unserious the whole Bain attack is. Bain invested private money in private enterprises, and mostly did well with those investments. It was bound to lose a few here and there, that’s the nature of free enterprise. To somehow try turning that record into a negative, when the Obama public equity scam has been such a payoff to political supporters and a failure for taxpayers, is hypocrisy on steroids. The Obama bunch apparently either don’t know enough to know that, or they think we’re too stupid to notice.
We are too stupid to notice. Too many Obama supporters are never going to hear anything about Obama’s bad investments – unless and until Romney debates the Fraud-in-Chief on the various MSM stations. Let’s hope that Romney is well-prepared when that happens.
“Bain invested private money in private enterprises, and mostly did well with those investments. It was bound to lose a few here and there, that’s the nature of free enterprise.”
No, no, no! Bryan, you just don’t get it. There is no excuse for a vulture capitalist, profiteering enterprise like Bain having anything less than 100% success. Any investment in which workers get fired and the target company fails is prima facie evidence that the Bain motives are malevolent, extractive and purely focused on profits-ahead-of-people. So what that 4/5 of their investments built value and, by extension, opportunities for thousands of workers; what of those who got left behind? They serve as an indictment against the entire system.
Not at all, you’re arguments have no basis in facts. Bain Capital takes failing (yes already failing and ready to let workers go) and inject capital and try to make the company work. many times they end up saving the company, but nothing is ever going to be 100%. Expecting anything other is living a pipe dream. According to you, anything that fails to reach the 100% mark is an indictment against the entire system, but that is an unreal mark to reach.
“…or they think (American voters) are too stupid to notice.”
Well, you have to admit that they have ample basis for that belief.
I’m with CR #2. As long as they can find some dead-weight executive or redundant employee who was let go after Bain bought a company, they’ll think they have a case. No one who’s laid off ever thought that their position was redundant or that laying them off was good for the company. With an organization as big as Bain, there will always be disgruntled employees, and the “Occupy” idiots who despise capitalism will (if Obama’s tactics work, anyway) be revulsed enough by this to vote to reelect him.
Here is a short video clip of Jay Carney’s coach:
http://www.youtube.com/watch?v=1tzUI8jkr0E
i think carney needs new glasses………………..uh uh duh uh uh the president uh duh uh.
This is so easy. The companies like Bain “invested” their money. When people invest money they expect to make…wait for it…a PROFIT! If they do, then they can stay in business and if they stay in business, they will have to hire people to work for them. That’s how you create JOBS, Jay. See how it works?
Yes Jay, they want to make (ugh!) MONEY! Just like, you know, that check you get every two weeks? Would you be okay with having it stop arriving in the mailbox? No? Do you mean to say you want to make money too, Jay?
If seeking profits is bad, why did the president accept money for his book sales, Jay?
Think of all the middle class authors whose books went unpublished because Crown Publishing chose to publish Obama’s book instead of theirs. Is that your definition of fairness, Jay?