Friday, May 18, 2012

President Obama Has Undermined Capitalism And Impugned Business As A Matter Of Routine - Investors.com

President Obama Has Undermined Capitalism And Impugned Business As A Matter Of Routine - Investors.com


The Obama Record: The president has made Mitt Romney's Bain Capital a target of his re-election campaign. That's one way to divert attention from poor performance. It's also a way to undermine capitalism.
At a New York fundraiser Monday night, Obama called the free market "the greatest wealth generator ever devised by man." Those are fine words for a campaign stop among the moneyed set. But those words aren't backed by the actions of a president who only months ago claimed the free market "has never worked."
The same day Obama flopped back to his "capitalism is good" position, his team set out to taint Bain Capital, the private equity firm Romney co-founded and ran as CEO.
In a campaign video, Romney is described as a "vampire" and "job destroyer." The Obama camp charges him with taking profits "at great cost to American workers and their communities."
That's the work of the real Obama, who's just another of those malcontents who has become a success, thanks to capitalism yet rants regularly about its evils.
During Obama's 40 months in the White House, he has undermined capitalism and impugned business as a matter of routine.

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