Obama Attacks Private Equity, Raises Funds from Private Equity Leaders

President Obama is attending a fundraiser today in New York City that will be hosted by Hamilton E. James, the chief operating officer and president of Blackstone. The financial firm Blackstone is “one of the world’s largest private equity fund businesses,” according to its website.

But ironically, Obama today is using Mitt Romney’s background in private equity as the basis of an attack on his Republican rival.

“In a career of buying and selling companies, Romney’s pattern was to reap quick profits for himself and his investors at the expense of workers and communities,” the Obama campaign says of Romney’s record in a campaign ad out today. “Sometimes it meant sending American jobs overseas. Other times, it meant cutting wages and benefits. In Romney’s economic philosophy, CEOs and wealthy investors prosper by any means necessary, even when it meant companies failed and workers were left behind. Romney believes in two sets of rules – one for people like him, another for everyone else.”

Post Continues on www.weeklystandard.com

Posted in 2012 Election, Liberal Hypocrisy Tagged with: ,
49 comments on “Obama Attacks Private Equity, Raises Funds from Private Equity Leaders
  1. Ruth says:

    At least Mitt has done something in his life unlike the Homo, cocaine snorting idiot in the white house who has nothing to run on and no record as a worthless senator – only a worthless community organizer. And, disbarred from practicing law! So, no accomplishments in his entire life!

    • martinj7 says:

      It is amazing to me that we know all you stated but we still have a bunch of crazy people out there that will vote for him again.

      • Kate says:

        I totally agree with martinj7! To those he is talking about I say, look around…did obama do anything he said he would do, has he in anyway made your life better? If you think he did a bad job the first four years just wait till YOU reelect him! He had control of the house and senate and didnt do anything! He was so sure he could do it his 2nd term that he didnt want to make any waves and jeopardise his reelection! Now heis running scared. They are right now working on how to steal the election! These last four years will look good compared to whats coming!

      • Wc5v says:

        That’s the sad part.  It is almost unbelievable that folks will still vote for this impostor.  There are way too many freeloaders that there are folks paying for the free stuff so you know those folks are going to vote to keep the free stuff coming regardless of what it does to the country.
        Please help take this liar out of office while we still have a country.  May God help us.

  2. jong says:

    First of all Romney was trusted with money to make more money for those who gave it to him.   He had a 78% success rate which is higher than Obamas near 0% rate.   Romney must be careful with this in dont make it any more or less than what it is.   He made wise investments and Obama is jealous in order for him and his wife to make money they had to rip off the tax payers as a “community organizer” 

  3. Brenda says:

    Just goes to prove there’s an idiot born every minute.  Always contribute to a person that wants to destroy you.  That’s good business sense.

  4. Mary says:

    Oh jeeze , Obama got one right, he described politician’s to a TEE  ..With him as the chief . Did he not give billion’s to S. America for offshore drilling, while shutting ours down ?   Has he not pushed the green agenda, costing American jobs ?  This man is a hypocrit.. I can not wait for his last day in office…But I am afraid he will declare Marshall Law , and become our dictator…

  5. bbyank says:

    Obama is such a hypocrite.!!!!!!!!!!!!!!!!!! This President makes me sick.!!!!!!!!!!!!!!!!

  6. unclestan says:

    NoBama and his goon-fest of hoodlums always find more ways to distort the truth of things, than any entity I’ve even seen!  He blasts Bain Capital, yet takes campaign cash from Blackstone?  Distortion of truth is what the NoBama regime is all about.  It’s one scam after another.  What else could one expect ….from a president who’s very eligibility is STILL under scrutiny??  Dishonest political thuggery from the most secretive administration ever.  Didn’t this guy promise that HIS administration would be the MOST TRANSPARENT administration in history?  Another lie on another day in another year after another, another, another and another.  Does this crap bother anyone?

    • S5803 says:

      It’s transparent, people just don’t see it thru the smoke and mirrors.  Take what he says, reverse it, and the truth will come out.

  7. sean murry. says:

    he is a hypocite.

  8. Melanie says:

    Now that’s the pot calling the kettle black,  ooooops, am I a racists?

    • S5803 says:

      The kettle is only 9.7% black to start with.  It amazes me that the blacks are voting for a white guy with only 9.7% black in him.  He hates whites. yet he is 90.3% white.  Obama must hate himself but love destroying America.

  9. junkmailbin says:

    your ok if you give vast amounts of money to barry

  10. MC says:

    The scary part about everything concerning this election is that the polls (if you can believe them) are even close. Maybe the number one problem of all is that there is enough people in this country who would vote for someone like Obama now who has been totally exposed. He would not of won (or got past Hillary Clinton) if the public knew then what they know now and it is still up for grabs? We are in doo doo people and this guy has been the worst thing this country could of had at this time in our history. Period.

    • S5803 says:

      The other day the Headline was Obma gets higher grades.  You look at the poll data and 3000 people out of 350 million were polled, which Chicago ACORN was the poll done in.  Polls are crap and don’t mean a thing, especially the ones run by the Obama huggers.

    • ginger says:

      unfortunately, not neccessarily..I have run into people who say they “actually like him” they aare deluded and naive to say the least.

    • Outland says:

      The thing that amazes me is all the supposedly intellegent people that still like our muslem president and don’t realize the damage he is doing our country.  Yes! he is muslem. He said so himself; and that he believed in the holy koran.  I saw him say it.  That’s why he is so against Israel.

  11. Frank130 says:

    “Obama Attacks Private Equity, Raises Funds from Private Equity Leaders”
    Another example of crony capitalism:  funding the re-election of a politician who says one thing, then if re-elected tends to do the opposite & hand out favors to those who supported him.

  12. Tracie says:

    All the while Obama and Michelle are ‘raping’ this country of her dignity and honor!

    • Sparkyhre says:

       And at the same time spending all the money of the tax payers on extravagant and vacations parties

  13. JohnHD says:

    Here we go again. That idiot that we have in the White House, is calling for more Government control. What adusity. Hell look what he has done since his election, and he suggest more government control. They have dragged us down to the bottom, with government controls. What we really need is less government controls. We need them to get out of our lives and let us live without mandated rules, that do nothing be stiffle our very existance. One thing is obvious we need to get Obama and those leftists in the Congress out of ofice. Hell they haven’t even passed a budget for over 4 years and they are telling us how to live our lives.Such audosity and arrogrance.

  14. colleenf says:

    Do as I say and not as I do……..odumbo’s mantra.

    Duplicitous jerk. 

  15. mallen11 says:

    Just another way 0 is ruining our country. God is our only hope.