Obama's new Chief of Staff may be a blessing to the Romney campaign. Here is why>

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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