CNN’s Anderson Cooper didn’t let Obama spokesman Ben LaBolt get away with class-warfare rhetoric against Mitt Romney and Bain Capital Monday night, noting the Obama people from private-equity firms in his own administration.
The spokesman hemmed and hawed to stay on message complaining that Romney has never been able to prove that he created jobs during his tenure as Bain Capital’s CEO, noting that the presumptive GOP nominee’s goal has been wealth creation for themselves.
Cooper refused to let LeBolt’s comments go unchallenged, asking why it’s okay for the president’s private-equity supporters to bankrupt companies and put people out of work and why Romney is being demonized for the same thing.
LaBolt then attempted to suggest that Obama wants an economy that works for everyone after saying that private-equity firms don’t.
“Yet the president’s accepting money from people in private-equity firms,” Cooper said. “Isn’t that a bit hypocritical?
“You aren’t answering the question, I’m trying to figure out what’s the difference between Bain and Gov. Romney and the private-equity firms that the president’s taking money from.”
The Obama spokesman similarly refused to answer questions about Mayor Cory Booker’s comments that the attacks on Bain Capital and private-equity firms were “nauseating.”
About John Rossomando
CNN has been impressing me lately. They seem to be making an honest effort at unbiased journalism. Bully for them!
I understand that class warfare is all Obama has at this point, but does anybody in his campaign really think this is a fight he can win? At best it will simply highlight it that (a) Obama does not know how capitalism works, and (b) he hates capitalism anyway.
Business people go into business to make money. As old Cal said: “the business of business is business.” No given business is in business to create jobs; jobs are a function of business success and employment in any given business will always be subject to larger decisions. Ironically enough, Obama knows this. How much money did he plow into companies like Solyndra and GM in the name of “job creation” only to find that the jobs “weren’t as shovel-ready as we thought?”
The difference between Obama and Bain is not venture capital; it’s that Obama has not the foggiest day of how to do venture capital correctly, and if he makes this the centerpiece of his campaign the entire country will receive 5+ months of education in exactly how little Obama knows about so many things essential to our economic and political health.