Obama pivoting to … Bain?

posted at 10:41 am on September 13, 2013 by Ed Morrissey

Remember in the far-off distant past when Russia wasn’t a geopolitical foe, we only wanted peace in Syria, and Bain represented “vulture capitalism” and not true and fair economics?  Good times, good times.  Of course, all of that was just one year ago.  Now we have Russia dictating the terms of our foreign policy, we want to bomb Syria, and our economic future depends on putting a former Bain executive in charge.

Too bad it’s not the one who actually ran for President:

President Obama has chosen Jeffrey D. Zients, an entrepreneur who twice was the president’s acting budget director and a past candidate for two cabinet positions, to succeed Gene B. Sperling as the chief White House economic adviser.

The shift, which was confirmed by several administration officials and will be announced on Friday, does not portend change in the president’s economic agenda. But with Mr. Sperling’s exit on Jan. 1 after nearly three years in the White House and two at the Treasury Department, Mr. Obama will lose an adviser who has been known as a perpetual motion machine for progressive domestic policy ideas since the Clinton administration.

Yes, the New York Times describes Zients as an “entrepreneur,” but never explains where he exercised those skills and talents.  The word “Bain” never appears in this 1000-word article, but the Daily Caller connects the dots where the Gray Lady shades her eyes:

The appointment was leaked to the New York Times on Friday. The paper did not not mention the advisor’s controversial connection to Bain or Romney. Politico’s Playbook failed to mention the appointment entirely.

On the campaign, Obama repeatedly slammed Romney’s management-consulting business, and one of his TV-ads even suggested Romney was responsible for the death of a former employee’s spouse, who passed away after a battle with cancer.

The appointment of Jeff Zients is likely to annoy some union officials and some liberal groups who are focused on declining working-class wages and growing poverty, and it clashes with the populist anti-business invective used by Obama and his aides on the 2012 campaign trail to paint Romney as uncaring.

We’ve noted the hypocrisy before, when Obama appointed Zients as Budget Director in early 2012 — just as the Obama re-election campaign was gearing up to attack Mitt Romney’s “vulture capitalism” and demonize the work both men did at Bain.  The Times actually does mention the fact that Zients had no government experience in 2009 when he came aboard the OMB as Peter Orszag’s deputy, but also notes that Zients ran into trouble with the Senate for attempting to bypass its oversight of the administration:

Mr. Zients, 46, had no government experience when he joined the administration in June 2009 as the deputy director for management at the Office of Management and Budget. He had made his fortune as an executive at corporate management and media companies and at his own private equity firm, Portfolio Logic, and was chosen by the president for his expertise in business and management efficiencies.

He was easily confirmed by the Senate and designated by the president as the government’s “chief performance officer,” a job that Mr. Obama proposed in his presidential campaign. Mr. Zients identified ways to cut federal costs through eliminating, reorganizing or consolidating agencies and introducing more efficient ways of operating.

Mr. Zients quickly impressed Mr. Obama and was long rumored for promotion. But he alienated Senator Max Baucus, the Montana Democrat who is chairman of the Senate Finance Committee and was opposed to Mr. Zients’s recommendations that would have removed government functions from the committee’s jurisdiction. That breach has complicated Mr. Zients’s advancement.

That, and the need to promote more women in the second term after being criticized for surrounding himself with men, led Obama to bypass Zients for the second time when Jack Lew departed for Treasury.  As an economic adviser, Zients won’t require confirmation by the Senate, but he’ll be around to influence Obama’s policy on his pivot to the economy.  Will that lead to any changes in Obamanomics and the stagnation it has produced over the last four years?  Don’t bet on it:

But Zients has stellar credentials as a progressive believer in the ability of government and corporate experts to manage Americans’ economy.

Obviously, we’re getting the wrong Bain executive at the economic-policy helm … but that’s the fault of voters who bought the whole “vulture capitalism” smear in 2012.


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Out: “vulture capitalism”

In: “tapeworm cronyism”

RushBaby on September 13, 2013 at 10:45 AM

Progressive tyrants, one and all. Obama et all believe one central thing: Americans need good technocratic “leadership”, and if they resist, stomp them hard. This guy is right there.

MTF on September 13, 2013 at 10:49 AM

“The shift … does not portend change in the president’s economic agenda.”

Destruction is hard …

ShainS on September 13, 2013 at 10:50 AM

Come one now, the election is over. The time allotted for our daily “2 minutes of hate” against Bain are no longer required.

DJ Rick on September 13, 2013 at 10:50 AM

Out: “vulture capitalism”

In: “tapeworm cronyism”

RushBaby on September 13, 2013 at 10:45 AM

Comment of the Day™, Expired Obama Statements edition.

Steve Eggleston on September 13, 2013 at 10:50 AM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0. One thing we know is that being part of the corporate world does not mean you aren’t a crony capitalist and Mittens was probably there as much as the next guy was.

One thing we know beyond doubt, however, is that Zer0 is the worst man to ever occupy the White House.

Quartermaster on September 13, 2013 at 10:57 AM

“It just goes to show you, it’s always sumthing” – Roseanne Roseannadanna

Of course the guy is the latest “juke box hero”, he loves Obama!
~(Ä)~

Karl Magnus on September 13, 2013 at 10:58 AM

1-2-3 PIVOT

Key West Reader on September 13, 2013 at 10:59 AM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0. One thing we know is that being part of the corporate world does not mean you aren’t a crony capitalist and Mittens was probably there as much as the next guy was.

One thing we know beyond doubt, however, is that Zer0 is the worst man to ever occupy the White House.

Quartermaster on September 13, 2013 at 10:57 AM

Romney would have done fine. Don’t buy into the leftist’s drivel.

VegasRick on September 13, 2013 at 11:01 AM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0. One thing we know is that being part of the corporate world does not mean you aren’t a crony capitalist and Mittens was probably there as much as the next guy was.

One thing we know beyond doubt, however, is that Zer0 is the worst man to ever occupy the White House.

Quartermaster on September 13, 2013 at 10:57 AM

My 14-year old cat, Bette, would be a better president than the doofus we have.

NJ Red on September 13, 2013 at 11:02 AM

Hypocrisy…Thy Name is Obama

workingclass artist on September 13, 2013 at 11:03 AM

One of the very worst aspects of that campaign was how the Left demonized private enterprise, and companies like Bain in particular.

changer1701 on September 13, 2013 at 11:03 AM

Comment of the Day™, Expired Obama Statements edition.

Steve Eggleston on September 13, 2013 at 10:50 AM

I am honored. Thank you!

RushBaby on September 13, 2013 at 11:06 AM

One of the very worst aspects of that campaign was how the Left demonized private enterprise, and companies like Bain in particular.

changer1701 on September 13, 2013 at 11:03 AM

“You didn’t build that” should have been the end of omockme’s campaign.

Just goes to show you how stupid the livs are.

VegasRick on September 13, 2013 at 11:07 AM

‘[Romney] said it was a mistake to set an end date for our warriors in Afghanistan and bring them home. He implies by the speech that he’s ready to go to war in Syria and Iran. Russia is the United States’ ‘number one geopolitical foe’? He wants to move from cooperation to confrontation with Putin’s Russia. And these guys say the president’s out of touch? Out of touch? Swiss bank account, untold millions in the Cayman Islands. Who’s out of touch, man?’

– Vice-President Joe Biden, 2 September 2012

HYPOCRITE.

Resist We Much on September 13, 2013 at 11:15 AM

Yes, the New York Times describes…

The New York Times is having a hissy fit over the fact that its preferred and endorsed candidate, Christine Quinn, lost. They are, essentially, calling New Yorkers ‘misogynists and homophobes.’

If Houston, TEXAS, can elect an out-of-the-closet lesbian Democrat, then what does that say about New York Democrats to the NYT?

It should tell them that the problem was probably with the candidate and her positions, not her gender or sexual preference, but leave it to the NYT to condemn Americans for not following their lead.

Resist We Much on September 13, 2013 at 11:19 AM

But Zients has stellar credentials as a progressive believer in the ability of government and corporate experts to manage Americans’ economy.

A believer….

Never, ever, in the history of the world has any government been able to manage an economy to success. Every attempt has resulted in a damaged or destroyed economy.

But despite this history – there are still idiot believers who think the fault is in the implementation and not in the bankrupt vision and agenda.

Welcome to the new normal – 11+% Real Unemployment, 1-2% GDP Growth, 90M+ people without jobs, more on food stamps than the population of Spain, more on disability than the population of Greece, and declining real wages as the middle class collapses.

Athos on September 13, 2013 at 11:20 AM

Ed, how about a thread just for Obama, Democrats, and the Left’s hypocrisy, IN GENERAL, of late?

It would be a hit bonanza.

Resist We Much on September 13, 2013 at 11:21 AM

Mitt Romney, for all his faults, would have been orders of magnitude better than Obama. 2012 was so much more disappointing than 2008.

SAZMD on September 13, 2013 at 11:23 AM

They told me if I voted for Romney that evil Bain capitalists would be running our country.

jukin3 on September 13, 2013 at 11:23 AM

1. Leftists and Obama smear Bain and venture capitalists. Dem voters/Legacy Media eat it up.

2. Obama appoints Bain venture capitalist as budget director.

3. Dem voters/Legacy Media react: *crickets*

You just can’t make this stuff up. It’s as if we live in an alternate universe.

visions on September 13, 2013 at 11:30 AM

They told me if I voted for Romney that evil Bain capitalists would be running our country.

jukin3 on September 13, 2013 at 11:23 AM

…Detroit would go bankrupt, Putin would let his thug-flag fly on the international stage, and we’d be told that we need to go to war with Syria.

Resist We Much on September 13, 2013 at 11:32 AM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0. One thing we know is that being part of the corporate world does not mean you aren’t a crony capitalist and Mittens was probably there as much as the next guy was.

One thing we know beyond doubt, however, is that Zer0 is the worst man to ever occupy the White House.

Quartermaster on September 13, 2013 at 10:57 AM

If Romney had done half the stuff he ran on, he would have been the most conservative President since Ronald Reagan. As much as I hated his campaign strategy, I still believe he would have been a fantastic President.

Jack_Burton on September 13, 2013 at 11:34 AM

If Romney had done half the stuff he ran on, he would have been the most conservative President since Ronald Reagan. As much as I hated his campaign strategy, I still believe he would have been a fantastic President.

Jack_Burton on September 13, 2013 at 11:34 AM

Agreed

sandee on September 13, 2013 at 11:44 AM

And the difference between

Republican: Warfare/Welfare

&

Democrat: Welfare/Warfare

is what again?

roflmmfao

donabernathy on September 13, 2013 at 11:45 AM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0. One thing we know is that being part of the corporate world does not mean you aren’t a crony capitalist and Mittens was probably there as much as the next guy was.

One thing we know beyond doubt, however, is that Zer0 is the worst man to ever occupy the White House.

Quartermaster on September 13, 2013 at 10:57 AM

Romney would have done fine. Don’t buy into the leftist’s drivel.

VegasRick on September 13, 2013 at 11:01 AM

I agree. Compared the REB, Romney is George Washington.

slickwillie2001 on September 13, 2013 at 11:47 AM

It takes cogs and grears to make the two party evil money cult move our tax money into the correct pockets.

Trickel Down the Correct Down Pipes.

APACHEWHOKNOWS on September 13, 2013 at 11:47 AM

Technically, Ed, Zients worked for Bain & Co., not Bain Capital.

Similar companies with strong ties to each other, but different entities and company purposes.

Abby Adams on September 13, 2013 at 11:48 AM

Think of yourself as a Tax ID Number with 50% of your life due and payable over the 50 or so earning years to the two party evil money cult.

It is just that now.

They gear up with gogs and gears for more of you.

APACHEWHOKNOWS on September 13, 2013 at 11:52 AM

Only made members of the two party evil money cult are in on the Goverment IPO.

APACHEWHOKNOWS on September 13, 2013 at 11:53 AM

Crony capitalism for social justice!

gwelf on September 13, 2013 at 11:58 AM

My 14-year old cat, Bette, would be a better president than the doofus we have.

NJ Red on September 13, 2013 at 11:02 AM

Agreed. Bette’s hard line against liberal mice and her alliance building with Libertarian dogs was in-line with the proud traditions of our Founding Father’s… cats and dogs.

Bette in 2016!

CaptFlood on September 13, 2013 at 11:58 AM

The irony is rich in this one……

Tenwheeler on September 13, 2013 at 12:07 PM

Too bad it’s not the one who actually ran for President:

It is a good thing. Romney was a terrible leader at Bain, completely incapable of sniffing out fraud in the companies he was responsible for overseeing on Bain’s behalf.
As far as I am concerned, Romney’s money effectively came from his connections from his father, not from any business savvy he has.

astonerii on September 13, 2013 at 12:11 PM

Jack_Burton on September 13, 2013 at 11:34 AM

You don’t understand. Romney was a racist. Now, we can agree that he never ate a dog (Like Obama Did), but whatever.

Romney was a racist.

And that’s a fact, Jack.

Key West Reader on September 13, 2013 at 12:11 PM

It is a good thing. Romney was a terrible leader at Bain, completely incapable of sniffing out fraud in the companies he was responsible for overseeing on Bain’s behalf.
As far as I am concerned, Romney’s money effectively came from his connections from his father, not from any business savvy he has.

astonerii on September 13, 2013 at 12:11 PM

And just like that…Poof…
Somebody farted.

Tenwheeler on September 13, 2013 at 12:16 PM

astonerii on September 13, 2013 at 12:11 PM

And just like that…Poof…
Somebody farted.

Tenwheeler on September 13, 2013 at 12:16 PM

Watch out. Don’t step in that gigantic pile of steaming Obama.

Ick.

Key West Reader on September 13, 2013 at 12:24 PM

astonerii on September 13, 2013 at 12:11 PM

You sir, have won.. WON! An entire box of Tampons.

/Yay

Key West Reader on September 13, 2013 at 12:26 PM

I really hope I don’t get banned today. It’s a 9/11 kinda thing that I can’t seem to get over..

Thanks for your patience and kindness.

Key West Reader on September 13, 2013 at 12:29 PM

Zients was also in on the ground floor of IRS scandal:

http://dailycaller.com/2013/08/03/darrell-issa-subpoenas-treasury-department-in-irs-probe/

http://dailycaller.com/2013/07/23/when-will-jeffrey-zients-return-from-south-africa/

http://dailycaller.com/2013/07/22/jeffrey-zients-is-out-of-the-country/

Funny how this happens right after the last batch of Lerner emails are released?

Stu Gotts on September 13, 2013 at 12:36 PM

he’ll be around to influence Obama’s policy on his pivot to the economy.

Laser focus.

First thing, last thing.

Lather, rinse, repeat.

pain train on September 13, 2013 at 12:39 PM

Once again I would like to thank all the low-intellect, low information voters who made this all possible.

GarandFan on September 13, 2013 at 12:51 PM

Romney would not have made a good POTUS, and we’ll never know if he would have been any better than Zer0.

Quartermaster on September 13, 2013 at 10:57 AM

Of courșe he would have been better than O.

jimver on September 13, 2013 at 12:56 PM

It is a good thing. Romney was a terrible leader at Bain, completely incapable of sniffing out fraud in the companies he was responsible for overseeing on Bain’s behalf.
As far as I am concerned, Romney’s money effectively came from his connections from his father, not from any business savvy he has.

astonerii on September 13, 2013 at 12:11 PM

And just like that…Poof…
Somebody farted.

Tenwheeler on September 13, 2013 at 12:16 PM

That one does it regularly at HA :)…brain farts are his speciality…

jimver on September 13, 2013 at 12:59 PM

So Bain was EVEEEEEEEL and anyone connected to it was
evvvveeeell n greeeedy when obama was running as candidate.

But when obama needs a qualified financial advisor
BAIN is now a medal of honor
and the libs keep chugging da koolaid.

thier annotinted one flip flopped or is it now EVOLVED . . . .

just proving again how much of a cult following they are, these are the same leader worshipping fools that propelled hitler into power.
the weak minded and weak willed.

sniffles1999 on September 13, 2013 at 1:21 PM

astonerii on September 13, 2013 at 12:11 PM

Is this guy for real?

watertown on September 13, 2013 at 1:22 PM

This all begs the question:
Could ANYONE in the Obowmao administration even QUALIFY for a position at Bain Capital?
Perhaps even a step-and-fetch-it doughnut runner?

Missilengr on September 13, 2013 at 1:36 PM

I suggest the TROOLS read up on the subjects they claim to know about.
How about: Dreams from My Father, The Audacity of Hope and The Real Romney … in any order you wish.
If you can’t find a significant difference in the qualities of the two people (subjects) in these books then you have shiite for brains. Or in a simple acronym: SFB and astonerii (among other Trools suffers significantly from this affliction).

Missilengr on September 13, 2013 at 1:55 PM

yoo hoo: ed, allahpundit:

you’re missing the big story:

zients is knee-deep in the irs scandal:

The Daily Caller reported, Zients met with then-IRS Commissioner Douglas Shulman and Shulman’s political aide Jonathan Davis and spokesman Frank Keith at the Eisenhower Executive Office Building at the White House complex on April 24, 2012.

Only Zients, who was in charge of OMB at the time, and the three men from the IRS attended the meeting, according to White House visitor logs. Their appointment ended more than eight hours after it began, according to the logs.

The next day, April 25, the IRS’s chief counsel’s office — led by William Wilkins, who met with Obama at the White House that same week — sent Washington-based IRS officials “additional comments on the draft guidance.” These guidelines covered approving or denying tea party tax-exempt applications, according to a report on the IRS scandal compiled by Treasury Inspector General J. Russell George.

Read more: http://dailycaller.com/2013/07/23/when-will-jeffrey-zients-return-from-south-africa/#ixzz2enUhsJtO

by giving zients this position obama and his gang keep him in the fold and can prevent him from testifying

reliapundit on September 13, 2013 at 2:07 PM

Lying scumbags.

John the Libertarian on September 13, 2013 at 2:15 PM

sniffles1999 on September 13, 2013 at 1:21 PM

Is it just me or does this post read like an e e cummings poem?

And I acutally mean that in a good way.

The Schaef on September 13, 2013 at 2:51 PM