I guess I should celebrate it as some form of progress any time I find another Washington Post opinion blasting Obama. The premise is that Obama might want to rethink his strategy blasting Mitt Romney's tenure at Bain Capital.
"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."
"Amazingly, Obama has declared that all the projects received funding 'based solely on their merits.' But as Hoover Institution scholar Peter Schweizer reported in his book, 'Throw Them All Out,' fully 71 percent of the Obama Energy Department’s grants and loans went to 'individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.' Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion. Obama said this week it’s not the president’s job 'to make a lot of money for investors.' Well, he sure seems to have made a lot of (taxpayer) money for investors in his political machine."
If the record of failed projects is not enough, then the fact that so many of Obama's backers benefited from these raids on the US Treasury, money that we really don't have to begin with, gives everything about these financial scandals an especially bad smell.
"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."
Forget Bain — Obama’s public-equity record is the real scandal - The Washington Post
