So, follow that logic. If you are in private equity and you donated to Mitt Romney, the president accuses you of “betting against America.” And if you are in private equity and donated to Barack Obama, you’ll be a guest at a White House state dinner, as James was earlier this year.

Last month the Obama campaign singled out Paul “Chip” Schorr, who works for Blackstone of “betting against America” and being “less-than-reputable” in his dealings.

As ABC’s Dwyer pointed out last month, “Unmentioned by Team Obama, however, is that the president and chief operating office of Blackstone – Hamilton E. James – is a major Obama supporter and donor, who has presumably participated in and benefitted from many of the same investment practices for which Schorr is criticized.