The coming Democratic hypocrisy about their coming NON-divestment from Bain Capital.
Let me summarize this NRO article by Deroy Murdock: Democratic (specifically, Barack Obama’s) rhetoric about Bain Capital has not particularly stopped Democratic-aligned organizations from investing with it. This includes groups like government employee pension funds ($1.56 billion since 2008), universities ($at least 425 million between 1998-2008), ‘center-left foundations and cultural establishments’… and my personal favorite: the California State Teachers’ Retirement System (CSTRS), which has invested $1.25 billion with Bain Capital.
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Barack Obama: Public Equity President
Today, American Crossroads released a new web ad titled “Public Equity President”: From the description: “As a public equity investor, President Obama wasted billions of taxpayer money on companies with flawed business plans, which the government knew were risky investments, and which ended up costing thousands of jobs.” After weeks of the Obama campaign attacking Mitt Romney over private equity, it’s about time we take | Read More »
It’s Romney’s private equity vs. Obama’s public equity
Today, the Romney campaign released a new video, “Not Even Half” taking President Obama to task for the billions of taxpayer dollars he has given to companies that later failed — including companies that were run by Democrat donors:
Barack Obama’s convenient Wall Street hypocrisy.
I just had it forwarded to me that Barack Obama is doing a 2 million dollar fundraiser today with Tony James, who is the head of the Blackstone financial services group. So… why should you care? Well, two reasons: first off, in February of this year Tony James criticized anti-Romney ads that attempted to demagogue Romney’s relationship with Bain Capital. James felt that they were | Read More »
Hero or Villain? Romney Under The Microscope At Bain Capital
Mitt Romney has been depicted as a blood-sucking, Wall Street Vampire. If only that were the simple truth. Having an iniquitous personality would be better than the public persona he exudes right now. It would add a certain cache to his otherwise soporific blandwagon of a campaign. Newt Gingrich represents the anti-Romney persecution with a 28 minute political ad entitled “When Mitt Romney Came to | Read More »
Why I’m Not Fighting the Tax Treatment of Carried Interest
In regard to the battle over changing the tax treatment of carried interest: I don’t want to see capital gains taxes raised under any circumstances, and in fact I think they should go all the way to zero. But I’m not inclined to fight too hard to keep carried interest taxed as capital gains rather than ordinary income. For one thing, the carried interest to | Read More »