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They Said It! Democrats Disagree With Obama’s Attacks On Private Sector

- May 21, 2012

Democrats - Including A Surrogate, Former Econ Adviser, And Fundraisers - All Disagree With Obama’s Attacks On Private Sector

FORMER CONGRESSMAN HAROLD FORD JR. (D-TN) DISAGREES WITH OBAMA’S ATTACKS

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Former Congressman Harold Ford Jr. Said He Would Not Have Backed Off Mayor Booker’s Comments About Private Equity And Called Private Equity A “Good Thing In Many, Many Instances.” FORMER REP. HAROLD FORD JR. (D-TN): “I would not have backed off the comments if I were Mayor Booker. I understand him wanting to make the point that legitimate questions can be raised about whether or not at Bain they made bad decisions about certain -overall, I agree with the substance – the substance of his comments on Meet The Press, I agree with, the core of it, I would not have backed them out. Having said that, I understand as a surrogate for the campaign, you have to have one of your key and most eloquent and most effective surrogates at least clarify or bring some context to his statements. But I agree with him, private equity is not a bad thing. Matter of fact, private equity is a good thing in many, many instances.” (MSNBC’s “Morning Joe,” 5/21/12) 

OBAMA SURROGATE MAYOR CORY BOOKER SAYS HE’S “VERY UNCOMFORTABLE” WITH OBAMA’S LINE OF ATTACK

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Mayor Cory Booker (D-Newark, NJ):  “I have to say from a very personal level I'm not about to sit here and indict private equity. To me, it’s just, we're getting to a ridiculous point in America. Especially, I know, I live in a state where pension funds, unions and other people are investing in companies like Bain Capital. If you look at the totality of Bain Capital’s record, they've done a lot to support businesses, to grow businesses, and this to me, I’m very uncomfortable with.” (NBC’s “Meet The Press,” 5/20/12)  

FORMER OBAMA ECON ADVISER STEVEN RATTNER CALLED OBAMA’S AD “UNFAIR”

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Former Obama Economic Adviser Steven Rattner: “I Think The Ad Is Unfair… I Don’t Think There’s Anything Bain Capital Did That They Need To Be Embarrassed About.” “Former Obama administration auto czar Steven Rattner said Monday that the Obama campaign's renewed attack on Mitt Romney's time in private equity was ‘unfair.’ ‘I think the ad is unfair.’ Rattner said. ‘Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs.’…‘Bain Capital's responsibility was not to create 100,000 jobs or some other number. It was to create profits for its investors,’ Rattner said. ‘It did it superbly well, acting within the rules, acting very responsibly,' Rattner said. ‘This is part of capitalism, this is part of life. I don't think there's anything Bain Capital did that they need to be embarrassed about.’” (Byron Tau, “Ex-Obama Adviser: Latest Anti-Romney Ad Is 'Unfair',” Politico, 5/14/12)

MAJOR OBAMA FUNDRAISERS EXPRESS A DIFFERENT SENTIMENT FROM OBAMA’S ATTACK ADS

Obama Bundler Don Peebles Questioned Obama’s Attack On Bain: “I Think It’s Difficult To Attack Or Demonize An Industry And Then Take Money From It.” “A top fundraiser for President Barack Obama’s presidential campaign expressed disappointment that he is taking money from the private equity industry while simultaneously attacking them to tarnish Mitt Romney’s record at Bain Capital. Don Peebles, a Miami real estate executive who has raised more than $100,000 for the president’s campaign this cycle, told BuzzFeed ‘I think it’s difficult to attack or demonize an industry and then take money from it.’” (Zeke Miller, “Obama Bundler Decries ‘Vilification’ Of Private Equity,” BuzzFeed, 5/15/12)

  • Peebles: “I Think It’s Inconsistent … I Wonder Why The Leaders Of That Industry Are Supporting Him.” (Zeke Miller, “Obama Bundler Decries ‘Vilification’ Of Private Equity,” BuzzFeed, 5/15/12)
  • Peebles: “Any Type Of Attack And Vilification Of A Particular Industry Is Not Okay To Begin With …” (Zeke Miller, “Obama Bundler Decries ‘Vilification’ Of Private Equity,” BuzzFeed, 5/15/12) 

Obama Fundraiser And Head Of Blackstone Group Tony James Defended Romney’s Work At Bain, Saying “The Truth Is That Private Equity Creates Jobs.” “By the way, in February Mr. James defended Mr. Romney against the attacks from Republicans Newt Gingrich and Mr. Perry, noting that ‘The truth is that private equity creates jobs and is necessary for a healthy economy.’” (Editorial, “Obama’s ‘Vampire’ Capitalists,” The Wall Street Journal, 5/14/12)


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