Posts tagged vulture capitalism

destroythegop:

Full Context:

“The reason why this is relevant to the campaign is that my opponent, Governor Romney, his main calling card for why he thinks he should be president is his business experience. He’s not going out there touting his experience in Massachusetts. He’s saying, I’m a business guy, and I know how to fix it, and this is his business.
But when you’re President, as opposed to the head of a private equity firm, your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who get laid off, and how are we paying for their retraining. Your job is to think about how those communities can start creating new clusters so they can attract new businesses. Your job as President is to think about how do we set up an equitable tax system so that everybody’s paying their fair share, that allows us then to invest in science, and technology, and infrastructure, all of which are going to help us grow.”
— President Barack Obama, in response to a question about whether Mitt Romney’s record at Bain Capital is relevant to the 2012 campaign
video

The real tell? The President also said this about Romney’s Vulture Capitalist record:

“This is not a distraction. This is what this campaign is going to be about.”

You bet your ass it will be about Romney’s record at Bain — and his 47th-in-the-nation job creation record while Massachusetts Governor — no matter how much his paid propagandists shriek, “Distraction!”

destroythegop:

Full Context:

“The reason why this is relevant to the campaign is that my opponent, Governor Romney, his main calling card for why he thinks he should be president is his business experience. He’s not going out there touting his experience in Massachusetts. He’s saying, I’m a business guy, and I know how to fix it, and this is his business.

But when you’re President, as opposed to the head of a private equity firm, your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot. Your job is to think about those workers who get laid off, and how are we paying for their retraining. Your job is to think about how those communities can start creating new clusters so they can attract new businesses. Your job as President is to think about how do we set up an equitable tax system so that everybody’s paying their fair share, that allows us then to invest in science, and technology, and infrastructure, all of which are going to help us grow.”

— President Barack Obama, in response to a question about whether Mitt Romney’s record at Bain Capital is relevant to the 2012 campaign

video

The real tell? The President also said this about Romney’s Vulture Capitalist record:

“This is not a distraction. This is what this campaign is going to be about.”

You bet your ass it will be about Romney’s record at Bain — and his 47th-in-the-nation job creation record while Massachusetts Governor — no matter how much his paid propagandists shriek, “Distraction!”