“You PE guys are a bunch of vampires … have any loose change?”

Monday was a great  day in the rough & tumble day in the world of presidential politics and candidates’ hypocrisy.

* * * * *
Monday morning

President Obama’s campaign launches an ad, “Steel,” attacking Mitt Romney’s record on job creation.

The two-minute ad focuses on GS Technologies, a steel mill in Kansas City that was bought by Romney’s private equity firm Bain Capital and went bankrupt soon after.

According to the Washington Post, the ad paints Romney as out of touch with the needs of the local workers and concerned only with Bain’s own profits.

“We view Mitt Romney as a job destroyer … a vampire. They came in and sucked the life out of us.”

          click to view

* * * * *
Monday afternoon

In rapid response mode, the Romney campaign also released its own web ad, “American Dream,” focused on a successful steel company invested in by Bain:

          click to view

* * * * *
Monday evening

According to the Weekly Standard, President Obama attended a fundraiser Monday evening in New York City  hosted by Hamilton E. James, the chief operating officer and president of Blackstone —  “one of the world’s largest private equity fund businesses”

This fundraiser-of-the day had a particular irony to it since earlier in the day Obama criticized private equity investors as vampires.

* * * * *

You just can’t make this stuff up …

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One Response to ““You PE guys are a bunch of vampires … have any loose change?””

  1. atoasttodragons Says:

    Obama is an incompetent boob. Sometimes companies have to close or are forced to lay off workers. That’s just life, an unpleasant aspect of it, but life nonetheless. The point is that Romney did that with private money, and not public funds.

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