Obama's attack on Romney and Bain Capital is proof that the man is in panic mode.

This 1930 photo shows the
lynching of Thomas Shipp
and Abram Smith in Marion,
Indiana. This image is a part
of the "Without Sanctuary: Lynching
Photography in America" exhibit.


<<<<< The lynch mob mentality of Democrat inspired KKK members,  is now being used on a rhetorical level by the New Democrats of the Modern Era. 


In a lengthy Time's expose' we learn that the man,  Steve Rattner,  the surprising short-term  choice (2009)  for "Car Czar" by the newbie,  Barack Obama, was one of the preeminent equities  investment bankers of his generation, one who "could hold his own with [Larry] Summers,"  a member of the Obama team beginning in 2007.  While not especially qualified as an auto czar,  he [Rattner]  was and is a formidable figure in the world of finance.  One of his more "endearing" attributes is embedded in this wording from the Time's article:  Some investment bankers are prone to tell you more of what you want to hear. That would not be Steve. He tells people what they don’t want to see about their own business.”   While the expose' is comprehensive [eight digital pages long],  my excerpt from the article [above] is most germane to the point of this post.  

Rattner is no longer a part of the Obama Administration,  but he is a Democrat,  well known in liberal (but not radical) circles, a friend/acquaintance of Bill Clinton and one who understands much of the inner workings of Obama and his Administration.  

With all of the above in mind,  his criticism of the Obama attack on Romney's association with Bain Capital (immediately below) is not only timely,  but well informed from an equities investment point of view .   Understand that Bain Capital was an equities investment firm,  not an employment agency or a manufacturer.  Bain served the best interests of investors.  That was its job.  

With regard to the 2 minute made-for-television campaign ad against Romney,  released this past weekend by the Obama campaign,   Steve Rattner made a surprise visit, today (May 14),  and gave us this quotable quote on MSNBC's "Morning Joe" program.  


Rattner had this to say: 

"I think the ad is unfair. Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs. Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to create profits for his investors, most of whom were pension funds, endowments and foundations. It did it superbly, acting within the rules and acting very responsibly and was a leading firm.    So I do think to pick out an example of somebody who lost their job unfortunately, this is part of capitalism, this is part of life. And I don’t think there’s anything Bain Capital did that they need to be embarrassed about." 

(Source of quote:  NY Magazine

Understand that I have included a detailed rebuttal of Obama's charges against Romney and Bain Capital via the Washington Post.    That article can be found here.  The Rattner quote is a second but brief rebuttal of Obama's strategy.  

Unless I miss my guess,  if this latest effort at defining Romney as "unfit to serve" fails to grab the emotions of the nation,  Obama is finished.  You should know that election strategies to assassinate the character of an opponent are used, typically,  in the three or four weeks prior to election day.  We are five/six months removed from that time.  Character assassinations appeal to the emotion of the voters.  They are designed to bring out a certain "lynch mob" mentality,  but emotional highs are short lived and "the mob" usually "settles down" within hours of their excitement.  Five months?  Ain't going to happen. 

In my humble opinion,  speaking as a 67 year old observer,  this Obama campaign is one of the more ridiculous of all time. The fact that Obama has "gone dirty" so early in the campaign cycle,  is evidence to me,  of the sheer desperation felt within the Obama camp.  The re-election campaign is in panic mode.  Of course,  they could stumble upon something that will work  --  but, you see, that is their only hope.