Video: How has President Private Public Equity performed?

posted at 9:21 am on May 29, 2012 by Ed Morrissey

A week ago, Vice President Joe Biden insisted that private-equity experience didn’t qualify anyone to be President:

Today the Romney campaign released a new ad reminding people of what Biden neglected to mention, which is that being a legislative backbencher for a decade and President doesn’t qualify one to conduct private-equity transactions, either.  And since Barack Obama insists on playing with our money, maybe having some private-equity experience would have helped  One thing is certain — it couldn’t have hurt:

President Obama has given billions of taxpayer dollars to companies that later failed—many of them were run by Democrat donors. This is just another example of President Obama’s pattern of picking winners and losers and wasting taxpayer money.

Biden could have had a point if his boss hadn’t decided to become President Private Public Equity, although even then Romney had a term as governor of Massachusetts and his rescue of the Salt Lake City Olympics, which makes him still more qualified for the presidency than Obama, even discounting his long record of success as an executive in the private sector.  Since this administration insists on making equity bets with our money, maybe it’s time to get someone who knows what he’s doing in position to make those choices — or better yet, find someone who isn’t interested in picking losers with house money in the first place.  Either would be an improvement over what we have now.

Maybe Obama can take his running mate’s advice and take up amateur plumbing in his retirement.


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Like Biden is qualified to be VP…

Khun Joe on May 29, 2012 at 9:22 AM

Biden could have had a point if [...]

Ed is far too kind…

ted c on May 29, 2012 at 9:25 AM

Glad to see Mitt punching back twice as hard.

beatcanvas on May 29, 2012 at 9:26 AM

they need to keep hammering this point

a community organizer and a senator for a couple of years is more qualified than a ceo and governor to be president?

i don’t think so

i like it
president public equity…the gop talking heads need to hammer this when they are on the lsm…

cmsinaz on May 29, 2012 at 9:27 AM

I remember the halcyon days of yore when “Community Organizing” was an important qualifying factor to be POTUS. Oh and the color of your skin was important too. I miss those days.

Bishop on May 29, 2012 at 9:27 AM

Hehe. Good thing the Romney campaign is so afraid to go after Obama. ‘Cause this ad is all kittens, rainbows and unicorns.

Seriously, if this ad is what we can continue to expect from the Romney campaign (eviscerate Obama and cronies with The One’s own record), we’re taking back the White House in a big way.

AttilaTheHun on May 29, 2012 at 9:29 AM

OODA! OODA! OODA!

Ya gotta love it when a dogfight comes together…

Kraken on May 29, 2012 at 9:32 AM

For some reason the soundtrack reminded me of “28 Days Later”.

Bishop on May 29, 2012 at 9:33 AM

Maybe Obama can take his running mate’s advice and take up amateur plumbing in his retirement.

Nope. Backing gay marriage demonstrates he doesn’t have a clue about plumbing.

The Rogue Tomato on May 29, 2012 at 9:34 AM

Biden should know about plumbing.He clogs up enough of it.

docflash on May 29, 2012 at 9:40 AM

Maybe Obama can take his running mate’s advice and take up amateur plumbing in his retirement.

Let them work on building the Keystone XL pipeline. Shovel-ready jobs for Joe and many other plumbers!

Steve Z on May 29, 2012 at 9:43 AM

Change the facebook button to “Recommend”. I can’t bring myself to hit “Like”.

moc23 on May 29, 2012 at 9:44 AM

That blinking of dark to light in the video is very annoying.

albill on May 29, 2012 at 9:47 AM

Biden could have had a point …..

Only if he’d jammed his head into a pencil sharpener.

oldfiveanddimer on May 29, 2012 at 9:48 AM

Wish we would have elected a plumber instead of a community organizer last election.

ButterflyDragon on May 29, 2012 at 9:52 AM

I am noticing with the Left talking heads that they are de-emphasizing the amounts of money on these things and medicaide and medicare and food stamp fraud. I think I have heard the term “drop in the bucket” used more than once. These people are far to cavalier and Pres. Goldman Sachs is not who I want to “invest” what I contribute.

Cindy Munford on May 29, 2012 at 9:54 AM

OODA! OODA! OODA!

Kraken on May 29, 2012 at 9:32 AM

Gee, I thought Romney could have been more blunt! LOL

The only thing I do not understand is why Obama is already campaigning. All these issues will ultimately be discussed but when you are President and asked a question about private equity during a NATO summit in May the right answer is that “here meeting with foreign leaders isn’t the time and place to get into the campaign issues.” A five minute (longest question answered) rambling discussion of private equity made Obama look small at an event where he could have looked Presidential.

Happy Nomad on May 29, 2012 at 9:54 AM

Seriously, Joe the Plumber would have made a MUCH better President than the clown-car brigade of fools running things now….

powerpickle on May 29, 2012 at 9:54 AM

That’s a good ad by Romney.

Need more like it. Run Obama’s record 24/7 on the airwaves. Not the record the media distorts, but the actual truths like this ad does.

And throw in a few about Fast & Furious.

ButterflyDragon on May 29, 2012 at 9:55 AM

“Fairness” under the Obama regime – giving money you don’t have to losers.

antipc on May 29, 2012 at 9:57 AM

A five minute (longest question answered) rambling discussion of private equity made Obama look small at an event where he could have looked Presidential.

Happy Nomad on May 29, 2012 at 9:54 AM

You’re joking, right?

He’s yet to act presidential. His most defining moment, when Bin Laden was killed he wasn’t even presidential. It was all about him and he didn’t even have the good grace to lay credit where it was deserved.

ButterflyDragon on May 29, 2012 at 9:58 AM

Wish we would have elected a plumber instead of a community organizer last election.

ButterflyDragon on May 29, 2012 at 9:52 AM

Joe the Plumber was smart enough to expose the fact that Obama was a socialist. Which makes plumbers far smarter than the media who didn’t want to report about anything except what a smart urban hipster Obama is.

Happy Nomad on May 29, 2012 at 9:59 AM

So do the people who claimed that Romney is MCain redux feel like fools yet? The trap set by the Romney campaign on Bain is being sprung and the campaign is being fought by the Romney campaign from higher ground.

tpw on May 29, 2012 at 9:59 AM

“Fairness” under the Obama regime – giving money you don’t have to losers.

antipc on May 29, 2012 at 9:57 AM

Let’s remember Obama’s response to Joe the Plumber’s question about tax policy for small business- “when you spread the wealth around, it’s good for everybody.” By that definition I guess Solyndra was a success.

Happy Nomad on May 29, 2012 at 10:02 AM

A ham sandwich would be more qualified than this president.

scalleywag on May 29, 2012 at 10:06 AM

Maybe Obama can take his running mate’s advice and take up amateur plumbing in his retirement.

Good idea. As we know, Obama is has a lot of experience with pipes.

Archivarix on May 29, 2012 at 10:06 AM

…I think Bain using private funds has a 78% (?) success rate in turning a company around…and JugEars using taxpayer money…really probably has that percentage as a failure rate?
Hope & Change!

KOOLAID2 on May 29, 2012 at 10:12 AM

Does Obama Really Want To Put His “Public Equity” Record Up Against Mitt Romney’s “Private Equity” Record? Really? Damn, He Sure Is Stupid.

http://predicthistunpredictpast.blogspot.com/2012/05/does-obama-really-want-to-put-his.html

Resist We Much on May 29, 2012 at 10:13 AM

Clueless Joe – the gift that keeps on giving.

B..B…But Palin is the stupid one – Joe’s got gravitas – that’s what all the MSM “geniuses” said

ICanSeeNovFromMyHouse on May 29, 2012 at 10:14 AM

“Fairness” under the Obama regime – giving money you don’t have to losers.

antipc on May 29, 2012 at 9:57 AM

But only if they gave you money first.

Cindy Munford on May 29, 2012 at 10:16 AM

I was sent the following email message this past weeked that concretely distinguishes Mitt Romney as a person with a solid work ethic and demonstrable (unpaid) community service.

· After going to both Harvard Business School and Harvard Law School simultaneously, he passed the Michigan bar, but never worked as an attorney.

· As a venture-capitalist, Romney’s first major business deal involved investing in a start-up office supply company with one store in Massachusetts that sold office supplies.That company, called Staples, now has over 2,000 stores and employs over 90,000 people.

· Romney or his company BainCapital (using what became known as the “Bain Way”) would go on to perform the same kinds of business miracles again and again, with companies like Domino’s, Sealy, Brookstone, Weather Channel, Burger King, Warner Music Group, Dollarama, Home Depot Supply,
and many others.

Got your calculators handy? Let’s recap.

· Volunteer campaign worker for his dad’s gubernatorial campaign 1 year.

· Unpaid intern in Governor’s office 8 years.

· Mormon missionary in Paris 2 years.

· Unpaid bishop and state president for his church 10 years.

. Took no salary as president of the Salt Lake Olympics 3 years.

· No salary as MA governor 4 years.

. Gave his ENTIRE INHERITANCE to charity.

· That’s a grand total of 28 years of unpaid service to his country, his community and his church. Why? Because that’s the kind of man Mitt Romney is.

And he’ll show you his:

1) Un-doctored Birth Certificate!

2) College transcripts!

3) Law degree!

4) Un-doctored Draft notice!

5) And un-doctored Social Security card, and what state it’s registered in!

Isn’t it time for a REAL CHANGE?

A brighter HOPE for America?

No more downing the opposition?

Mitt Romney – A True American for President!

onlineanalyst on May 29, 2012 at 10:16 AM

Maybe Obama can take his running mate’s advice and take up amateur plumbing in his retirement.

Nope. Backing gay marriage demonstrates he doesn’t have a clue about plumbing.

The Rogue Tomato on May 29, 2012 at 9:34 AM

Barry’s first day on his new job… “Let’s see now, the plunger goes WHERE?”

climbnjump on May 29, 2012 at 10:18 AM

Biden should know about plumbing.He clogs plugs up enough of it.

docflash on May 29, 2012 at 9:40 AM

FIFY.

You’re welcome.

bigmacdaddy on May 29, 2012 at 10:21 AM

I love it!

Obama has created a target rich environment.

Fire Away!

The Rock on May 29, 2012 at 10:49 AM

Well sure but could Romeny have spent and borrowed at the pace of the legislative back bencher, Barry The Destroyer Obama?

No.

jukin3 on May 29, 2012 at 11:06 AM

Another thing I’d like to know is if Baraka’s “community organizing” ever involved bullying a local business into shutting down, and thus “firing” those employees. We know this is Jesse Jackson’s M.O., but was it the same in Chicago, or did everyone knuckle under to his “organizing?”

TugboatPhil on May 29, 2012 at 11:27 AM

If this is representative of how Romney’s going to play it, I’m kind of hopeful he’ll be able to overcome the media/Democrat complex and actually win. But good grief, they need to remove that flicker lighting effect – triggering migraines is NOT the way to win friends and influence voters.

Laura Curtis on May 29, 2012 at 12:05 PM

umm, er, It’s Bush’s fault?

socalcon on May 29, 2012 at 12:28 PM

onlineanalyist (at 10:16) had THE issues from a book ‘The Real Romney’ written by two Boston Globe writers no less. And it was a fair evaluation of the man.
And I see the LAT part of the MSM (Manipulated Stories Machine) is now associating ‘Birthers’ to what they call ‘Transcripters’. Well, I’ve asked for year now for the LSM to ask for King Putt’s college transcripts. Oh, and how about Bill Clintons’ medical records? (Neither gonna happen.)
Willard M. Romney simultandous graduate degrees from Harvard: Masters of Business Administration – with HONORS.
Harvard Law School – with HONORS.

Now let’s see Barry Soetoro Barack Hussein Obama’s collegiate records. I suspect the first Affirmative Action TOTUS will pale in comparison to Romney’s GPA. Since HIGH school, Barry was most certainly Chooming too much to trouble himself with studying. In those days, an instructor would risk sanction if they dare to flunk a minority student.

Missilengr on May 29, 2012 at 12:44 PM

I like the video, but the flickering is too much. They need to lighten it quite a bit.

JrJr on May 29, 2012 at 12:55 PM