The PJ Tatler

Look Who's Joining Bain Capital!

If the worst sin in the Leftist canon is hypocrisy, then what are we to make of this totally unsurprising development:

The former governor of Massachusetts, Deval Patrick, has joined the private equity firm Bain Capital as a partner to focus on socially oriented investments, a person briefed on the matter said on Monday. Mr. Patrick, a Democrat and close ally of President Obama, left office in January. At Bain, he is expected to concentrate on raising money for a new fund that will focus as much on positive social impact as it will on investment performance.

Bain Capital, which is based in Boston, is one of the biggest and best-known private equity firms, with roughly $65 billion in assets under management.

Bain Capital… Bain Capital… where have we heard that name before…?

Yet Mr. Patrick will be joining a firm that became a lightning rod during the past two presidential elections: One of its founders was Mitt Romney, a predecessor of Mr. Patrick in Massachusetts, whose stint in private equity drew scrutiny and criticism from political opponents during his run for the presidency. One of Bain Capital’s current leaders is Stephen Pagliuca, a longtime Democratic donor who ran unsuccessfully for a United States senate seat in Massachusetts in 2009.

“Cadillac” Deval, just doing what Democrats do:

Of course, the move by Mr. Patrick to Bain Capital isn’t the first by a public official to private equity. In 2013, Timothy F. Geithner, the former Treasury secretary, joined the investment firm Warburg Pincus as president. A former corporate lawyer, Mr. Patrick has said that he planned to re-enter the private sector once his term ended.

A spokesman for Bain Capital declined to comment on the hiring of the former governor.

These people are utterly shameless.