Video: How’s the Public Equity President performing, part II

posted at 1:21 pm on May 29, 2012 by Ed Morrissey

“This is not a distraction,” Barack Obama said when challenged on his attacks on private equity and Mitt Romney.  “This is what this campaign is going to be about.”  American Crossroads takes Obama at his word, pushing out a new 60-second spot called “Public Equity” today to remind voters how Obama scores against his own stated metrics:

American Crossroads communication director Jonathan Collegio says, “If President Obama wants to attack private equity, that’s fine – but let’s open up his failed record as a public equity investor, where jobs were lost and taxpayers were left holding the bag.”  This follows up on Will Cain’s exchange with Debbie Wasserman Schultz last week, in which he challenged the DNC chair to distinguish between Bain Capital’s downsizing and rescue of businesses with Obama’s track record in their highly-touted automaker bailout:

Yet a little later in the interview she was stumped. “Let’s compare apples to apples,” the other CNN host said to the DNC chair. “It seems to me the criticism you’re offering is that Mitt Romney went into businesses and laid people off. But wouldn’t the apples to apples comparison be that’s exactly what Barack Obama did when he touts the auto industry as a feather in his cap, didn’t the federal government and Barack Obama go in and layoff thousands of autoworkers to save that industry?”

Wasserman Schultz then ducked by changing the topic.

The difference is that Romney had a track record of overwhelming success at turning around troubled organizations and creating explosive expansion.  As the ad points out, Obama has a track record of losing investor money by funding the operations of cronies and politically-attractive businesses that investors have shunned — for good reasons, as it turns out.  If that’s what this election is about, then Obama should start planning to write his memoirs starting on January 21st of next year.


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Community loser!

KOOLAID2 on May 29, 2012 at 1:22 PM

Car-ma.

Excellent.

It’s like saying “karming” about Wasserman-Schmutz.

Schadenfreude on May 29, 2012 at 1:23 PM

More. Much, much more, please.

SouthernGent on May 29, 2012 at 1:24 PM

DWS…I puke when I see her…but she is sooooo much entertainment!

KOOLAID2 on May 29, 2012 at 1:24 PM

I hope he fails…

OmahaConservative on May 29, 2012 at 1:24 PM

Heh

Excellent

The lib posters are screaming that dear leader didnt make any money from these boondoggles

Ahem. But his donors did

Idiots

cmsinaz on May 29, 2012 at 1:25 PM

…Joe Biden married the wrong ‘broad’…can you imagine!

KOOLAID2 on May 29, 2012 at 1:25 PM

The Crossroads ad hit Obama’s battleship.

El_Terrible on May 29, 2012 at 1:26 PM

DWS…I puke when I see her…but she is sooooo much entertainment!

KOOLAID2 on May 29, 2012 at 1:24 PM

She’s a fighter. Never afraid to make an ass of herself.
So,..there’s that.

a capella on May 29, 2012 at 1:29 PM

Great the GOP is using Debbie Downer to their own advantage.

Fire her and hire Weiner, Democrats. He’s your poster boy.

NoDonkey on May 29, 2012 at 1:30 PM

If that’s what this election is about, then Obama should start planning to write his memoirs starting on January 21st of next year.

Didn’t he already write his memoirs 20 years ago? Before he’d actually done anything?

Doughboy on May 29, 2012 at 1:31 PM

The Crossroads ad hit Obama’s battleship.

El_Terrible on May 29, 2012 at 1:26 PM

OUCH! Hulled at the waterline!

Shriekingly good advert!

The War Planner on May 29, 2012 at 1:32 PM

If that’s what this election is about, then Obama should start planning to have someone write his memoirs for him starting on January 21st of next year.

FIFY Ed.

ted c on May 29, 2012 at 1:33 PM

The Crossroads ad hit Obama’s battleship.

El_Terrible on May 29, 2012 at 1:26 PM

I have a friend whose son works for Obama in Florida. From what he told me about his son’s – and the campaign’s – reaction to that ad, their brains are running out of their ears.

AubieJon on May 29, 2012 at 1:35 PM

Hmmm, what happened to BG’s post?

a capella on May 29, 2012 at 1:35 PM

Got any dog? I’ve been chooming and I’ve got the munchies.

Tim_CA on May 29, 2012 at 1:36 PM

The counter to this will surely be “Obama created 4 million jobs; how many did Romney create?” as though being President of a nation doesn’t have advantages over the CEO of a company.

But more to the point, isn’t funny how the Obama campaign has suddenly dropped the “saved” off the “created and saved” theme once used given how Romney’s private-equity experience did precisely that in 80% of their enterprises?

BKeyser on May 29, 2012 at 1:39 PM

a capella on May 29, 2012 at 1:35 PM

Your other post is gone to….something’s up…never seen this before here.

Baxter Greene on May 29, 2012 at 1:40 PM

Not sure what Romney would be like as President, but it’s sure nice to have a campaign that knows how to punch where it hurts.

stldave on May 29, 2012 at 1:41 PM

Liar in Chief, today

(CNSNews.com) – Speaking Thursday afternoon in Newton, Iowa, President Barack Obama pitched his idea for $5 billion in new tax credits for companies that manufacture equipment—such as windmill blades and solar panels—for “clean energy” companies.

“Nobody wants a handout,” Obama said. “Nobody wants to get something for nothing.”

Schadenfreude on May 29, 2012 at 1:42 PM

a capella on May 29, 2012 at 1:35 PM

Baxter Greene on May 29, 2012 at 1:40 PM

Stay on topic, please. Watch the headlines for other topics.

Ed Morrissey on May 29, 2012 at 1:43 PM

Now, I see my post referencing BG’s post has also disappeared. I guess that subject is verboten.

a capella on May 29, 2012 at 1:43 PM

More Liar in Chief – no link because it doesn’t go through

“So I’m here today because, as much progress as we’ve made, that progress is in jeopardy,” said Obama. “If Congress doesn’t act, those tax credits that I mentioned–the ones that helped build up the wind industry, the ones that helped to bring all these jobs to Newton, those tax credits will expire at the end of the year if Congress doesn’t do anything. If Congress doesn’t act, companies like this one will take a hit.”

In the same speech, the president noted that he disagrees with those in Congress who want to cut government to pay for tax cuts for the wealthy.

“And there are some big disagreements,” Obama said. “They want to make big cuts to pay for more big tax cuts for the wealthy. I disagree with that.”

Schadenfreude on May 29, 2012 at 1:44 PM

Ed Morrissey on May 29, 2012 at 1:43 PM

O.K. Steady as she goes.

a capella on May 29, 2012 at 1:44 PM

I have a friend whose son works for Obama in Florida. From what he told me about his son’s – and the campaign’s – reaction to that ad, their brains are running out of their ears.

AubieJon on May 29, 2012 at 1:35 PM

Here come the ramped-up attacks on Karl Rove and other nefarious Super PAC characters in 3, 2, 1…

Common Sense Floridian on May 29, 2012 at 1:44 PM

Ed Morrissey on May 29, 2012 at 1:43 PM

You got it…sorry Captain.

Baxter Greene on May 29, 2012 at 1:44 PM

a capella on May 29, 2012 at 1:35 PM

Your other post is gone to….something’s up…never seen this before here.

Baxter Greene on May 29, 2012 at 1:40 PM

Yea, something is up, I saw a couple of very innocuous posts just disappear yesterday as well. There was nothing offensive, hostile, rude or threatening in them, just one minuet they were there and the next refresh they were gone.

SWalker on May 29, 2012 at 1:44 PM

Got any dog? I’ve been chooming and I’ve got the munchies.

Tim_CA on May 29, 2012 at 1:36 PM

Chow!

NoDonkey on May 29, 2012 at 1:45 PM

I love it when barack gets a face plant because of his own words. I hope he continues to make this

“This is not a distraction,” Barack Obama said when challenged on his attacks on private equity and Mitt Romney. “This is what this campaign is going to be about.”

election about who will run the economics of this country better.

DuctTapeMyBrain on May 29, 2012 at 1:47 PM

“Nobody wants a handout,” Obama said. “Nobody wants to get something for nothing.”

Rising fast in popular baby names= “Nobody”

ted c on May 29, 2012 at 1:47 PM

(CNSNews.com) – Speaking Thursday afternoon in Newton, Iowa, President Barack Obama pitched his idea for $5 billion in new tax credits for companies that manufacture equipment—such as windmill blades and solar panels—for “clean energy” companies.

“Nobody wants a handout,” Obama said. “Nobody wants to get something for nothing.”

Roflmao :)….

jimver on May 29, 2012 at 1:48 PM

Needs to hit the “b” in “billion” harder. Other than that, perfect.

I live in PA. Why am I not seeing these rebuttal ads (I know this one is new, but it’s all-Bain all-the-time here in Pennsyltucky)?

DrSteve on May 29, 2012 at 1:49 PM

“If President Obama wants to attack private equity, that’s fine – but let’s open up his failed record as a public equity investor, where jobs were lost and taxpayers were left holding the bag.”

…and his failed foreign policy….
…………..and his surrender in Afghanistan….

………………..and his “pay-for-play” with our Tax Dollars

……………………….and his record on civil liberties

……………………………and his support for fast-n-furious

…………………………………….and the terrible return we have gotten from the trillions he has spent….

………………..his undying support of K-street…lobbyist….and bundler’s.

……….You could make an epic movie on all the lies,broken promises,and corruption of the Obama administration…..

Baxter Greene on May 29, 2012 at 1:50 PM

That and the Romney ad on the same subject blunts the Bain attack very effectively. The party and the campaign are doing a much better job this time around.

echosyst on May 29, 2012 at 1:51 PM

Good stuff from Karl…more!

rubberneck on May 29, 2012 at 1:51 PM

The difference is that Romney had a track record of overwhelming success at turning around troubled organizations and creating explosive expansion.

in the White House, the only explosive expansion going on is David Axlerod after a few pizzas and polish sausages…..

ted c on May 29, 2012 at 1:54 PM

This is a good ad. And it doesn’t feel like it’s reaching. It’s just the facts, ma’am.

JoseQuinones on May 29, 2012 at 1:54 PM

The counter to this will surely be “Obama created 4 million jobs; how many did Romney create?” as though being President of a nation doesn’t have advantages over the CEO of a company.

BKeyser on May 29, 2012 at 1:39 PM

Last time I cecked it was 4 millions ‘jobs saved’ :)….dunno about ‘created’…

jimver on May 29, 2012 at 1:55 PM

Study: Climate Change Skeptics Know More About Science Than Believers

M2RB: Macy Gray

http://predicthistunpredictpast.blogspot.com/2012/05/study-climate-change-skeptics-know-more.html

Resist We Much on May 29, 2012 at 1:59 PM

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

M2RB: Linkin Park

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

Resist We Much on May 29, 2012 at 2:00 PM

This ad is are great. The libprogarxists are screaming because it is the simple truth that will hurt BO the worst. More simple truth ads like this one please.

ClanDerson on May 29, 2012 at 2:05 PM

Last time I cecked it was 4 millions ‘jobs saved’ :)….dunno about ‘created’…

jimver on May 29, 2012 at 1:55 PM

Last time I checked the meager job growth wasn’t keeping pace with all the new workers coming in the system by virtue of population growth. That’s even before counting the U-6 unemployed that want to get back in the workforce.

I really hope Obama pins his hopes on attacking capitalism.

Happy Nomad on May 29, 2012 at 2:09 PM

Last time I cecked it was 4 millions ‘jobs saved’ :)….dunno about ‘created’…

jimver on May 29, 2012 at 1:55 PM

Last time I checked the meager job growth wasn’t keeping pace with all the new workers coming in the system by virtue of population growth. That’s even before counting the U-6 unemployed that want to get back in the workforce.

I really hope Obama pins his hopes on attacking capitalism.

Happy Nomad on May 29, 2012 at 2:09 PM

What else does he have?

jimver on May 29, 2012 at 2:17 PM

The difference between a voluntary transaction where an owner chooses to risk his property for personal gain

or,

Confiscation of a citizen’s property so a politician can promote an agenda, pays off his cronies, and/or mug for the camera without any risk to the politician’s personal property

Which is the crime again?

Not-a-Marxist on May 29, 2012 at 2:22 PM

coconuts? COCONUTS????

Ben Hur on May 29, 2012 at 2:25 PM

The difference between a voluntary transaction where an owner chooses to risk his property for personal gain

or,

Confiscation of a citizen’s property so a politician can promote an agenda, pays off his cronies, and/or mug for the camera without any risk to the politician’s personal property

Which is the crime again?

Not-a-Marxist on May 29, 2012 at 2:22 PM

Electing Obama :) …

jimver on May 29, 2012 at 2:27 PM

The lib posters are screaming that dear leader didnt make any money from these boondoggles

Ahem. But his donors did

Idiots

cmsinaz on May 29, 2012 at 1:25 PM

….and how much campaign money did Obama rake in because of his “public equity deals?

Vince on May 29, 2012 at 2:45 PM

I’m pretty sure that putting Barry’s head on the other guy’s body is racist.

pain train on May 29, 2012 at 3:04 PM

I don’t care what Tweedle-Dee (Axelrod) and Tweedle-Dum (Wasserman-Schultz) say, those “public” equity spots from American Crossroads are some pretty effective campaign ads!!

That’s what I call a double-barreled punch straight to the gut of the Obama ’12 campaign…not a knock-out blow, but it’s definitely going to hurt ‘em….

powerpickle on May 29, 2012 at 3:09 PM

Stay on topic, please. Watch the headlines for other topics.

Ed Morrissey on May 29, 2012 at 1:43 PM

Gee, where were you the night Dr. T took over a thread, and threatened a commenter?

lovingmyUSA on May 29, 2012 at 3:11 PM

Baxter Greene on May 29, 2012 at 1:40 PM

Yea, something is up, I saw a couple of very innocuous posts just disappear yesterday as well. There was nothing offensive, hostile, rude or threatening in them, just one minuet they were there and the next refresh they were gone.

SWalker on May 29, 2012 at 1:44 PM

Dammit, now Ed is turning me into a conspiracy theorist on his or Allah’s sock puppett…sigh

lovingmyUSA on May 29, 2012 at 3:13 PM

Great Ad. Play it thousands of times before and leading up to Nov.

goflyers on May 29, 2012 at 3:14 PM

“Nobody wants a handout,” Obama said. “Nobody wants to get something for nothing.”

Some PAC should run a video of Obama saying that, with that rap song celebrating government dependency (“It’s free! Swipe it on your EBT“!) playing in the background.

These kinds of remarks show how extraordinarily out of touch Obama is, even with his own base. (Maybe the PAC could throw in that clip of Obama saying sometimes he forgets there’s a recession . . . .).

AZCoyote on May 29, 2012 at 3:29 PM

I have a friend whose son works for Obama in Florida. From what he told me about his son’s – and the campaign’s – reaction to that ad, their brains are running out of their ears.
AubieJon on May 29, 2012 at 1:35 PM

Sorta Mars Attacks-like?

I hope American Crossroads has enough money for a lot of ad buys.

eeyore on May 29, 2012 at 4:03 PM

Vince. Quite a bit….just the hypocrisy from the libs

cmsinaz on May 29, 2012 at 4:20 PM

Last time I checked the meager job growth wasn’t keeping pace with all the new workers coming in the system by virtue of population growth.

and lets not forget this is graduation time in high schools and colleges…..guess they’ll be moving back home.

DiabloAzure on May 29, 2012 at 7:04 PM