President Obama Rewards His supporters with Tax Money while he attacks Romney on Private Equity Investment.


Here’s another reason why Obama should not be re-elected.

He throws stones from his glass house and thinks he can get away with it. He incites class warfare against the rich, so that he can get support from a big base; but he has close ties with the wealthy. They pay thousands to come to his fundraisers. They dont mind his ribbing as long as they get something back from him. Many have. Cronyism. Can you trust him?

Forget Bain — Obama’s public-equity record is the real scandal
Excerpt by Marc A. Thiessen, Washington Post Opinion Writer

Hoover Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of the Obama Energy Department’s grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion. Obama said this week it’s not the president’s job “to make a lot of money for investors.” Well, he sure seems to have made a lot of (taxpayer) money for investors in his political machine.

All that cronyism and corruption is catching up with the administration. According to Politico, “The Energy Department’s inspector general has launched more than 100 criminal investigations” related to the department’s green-energy programs.

Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital “is what this campaign is going to be about.” Good luck with that, Mr. President. If Obama wants to attack Romney’s alleged private equity failures as chief executive of Bain, he’d better be ready to defend his own massive public equity failures as chief executive of the United States.

Read full article at
http://www.washingtonpost.com/opinions/forget-bain-obamas-public-equity-record-is-the-real-scandal/2012/05/24/gJQAXnXCnU_story.html

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About pnclaw

I am not a political activist, but I am paying attention to what's happening in our beloved country, especially for the sake of my grandchildren. I hope you are too.
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