While the
Right is using Left-wing anti-capitalist attacks to trump Romney, we need
to remember . . . . when the time is right, and I do mean Right, . . . .
. Obama's ties to Big Money. Romney, at Bain Capital, was an
investment manager in the private sector. Bain Capital specialized
in private equity, venture capital. Bain
Capital, under Romney’s management,
turned a 70% profit on invested capital.
22% of the companies receiving capital investments, eventually went bankrupt, but Romney was not
the CEO of any of those companies. By
contrast, all of Obama's Chiefs of
Staff, supervised billion dollar enterprises in banking related sectors that
profited directly off the failing mortgage industry. Their company involve endeavors effect the
public sector finances, and were
directly related to the financial crisis leading up to 2008.
His first Chief of
Staff was Rahm Emanuel, who once sat on the board at Freddie Mac,
one of the troubled GSE's Obama has taken over. His tenure at
Freddie Mac was plagued with campaign contribution scandals that Obama
later refused to allow investigated. Before Freddie Mac,
Emanuel was operating manger of an investment firm, Wasserstein Perella,
where he "earned" nearly 17 million dollars in two
years.
His second Chief of
Staff, Bill Daley, was the top dog at JP Morgan Chase and Company,
the first vice chairman of Amalgamated Bank of Chicago and a board member
at Fannie Mae. He was let go yesterday, in spite of his plans
to remain with Obama through November of this year. He has earned
millions off his banking career.
His replacement is a man
named Jack Lew. Lew was the chief
operating officer of Citibank's alternative investments division ( a hedge fund
operation) where he made billions of dollars for the bank, betting
homeowners would fail
in their home mortgage payments.
Three
years and three Chiefs of Staff, all
profiteering representatives of big banking; all taking advantage of the
housing crisis for the sake of billions of dollars in profitability. The fact that Obama has gone through three Staff chairmen is,
also, evidence
of a very convoluted inner circle.
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