President Barack Obama’s narcissism, desperation and disastrous presidential record, continues to propel his insane attack on Gov. Mitt Romney’s record as co-founder and eventually CEO of one of the most successful businesses in American history, Bain Capital–whose specialty is acquiring businesses that were already on their “death bed,” in the hopes of eventually turning its fortunes around.
Additionally, since its founding by Romney in 1984, Bain Capital has also venture-funded and nurtured dozens of now famous, international American companies, all of which eventually created thousands of jobs and enormous tax revenues, as we reported on recently.
Earlier in the week, speaking at the G8 Conference in Chicago, President Barack Obama took on the persona of Fidel Castro channeling Karl Marx while speaking to the proletariat, characterizing Gov. Romney and Bain Capital as the “filthy capitalist bourgeoisie.”
Below are excerpts from actual White House transcript of President Obama’s remarks:
“Hans Nichols. Where is Hans?” (Mr. Nichols is a reporter for Bloomberg–and this was obviously an Obama reelection campaign “planted” question.)
Q. … “Cory Booker said that an ad that you released, that your campaign released, was nauseating. And it alleged that Romney at Bain Capital was “responsible for job losses at a Kansas City steel mill.
[a] Is that your view that Romney is personally responsible for those job losses?
[b] Will comments from Booker and your former auto czar Steve Rattner, that have criticized some of these advertisements, call on you to pull back a little bit?
[c] Could you give us your sense of just what private equity’s role is in stemming job losses as they seek a return on investment for their investors?
“This is part of the debate that we’re going to be having in this election campaign … how do we create an economy where everybody from top to bottom, folks on Wall Street and folks on Main Street, have a shot at success … able to live out the American Dream.
I think my view of private equity is …a healthy part of the free market … the role of a lot of business people.
I think there are folks who do good work in that area.
And there are times where they identify the capacity … to create new jobs or new industries.
… but understand that their priority is to maximize profits.
And that’s not always going to be good for communities or businesses or workers.
… when you’re President … your job is not simply to maximize profits.
Your job is to figure out how everybody in the country has a fair shot … where everybody can succeed.
… set up a equitable tax system so everybody is paying their fair share.
This is what this campaign is going to be about.”
Contrary to a few well chosen words, President Barack Obama is totally illiterate when it comes to anything having to do with “capitalism” or a “free market economy,” because he doesn’t understand the risk/return economic model or the nature of man.
The idea of “[absolute] equality,” with “everybody in the country [having] a fair shot,” and “everybody [having equal] success,” is an impossible condition to create and sustain–because people may be equal in terms of DNA and having a soul, but that is where the equality ends.
The free will and individualism of people, most of whom are not motivated or willing to invest, sacrifice and then usually lose, stand in the way of them taking the “shot” at “[big monetary] success.”
For example, Henry Ford, who didn’t invest his first “vehicle” until age 36, suffered a bankruptcy at 39, before getting it right the third time at the age of 40; however the Motel T wasn’t developed until he was 45, then at age 50 had his first assembly plant for Ford Motor Company, which ushered in the manufacturing era in America. In 2008 dollars, his net worth at death was $188 billion dollars, greater than the top four members of the Forbes 400 today.
Add to that–life is not fair, and can never be absolutely “fair,” otherwise everyone would be a Lady Gaga, Michael Jordan or Jeff Zuckerman.
Fortunately for most people their definition of “success” is a personal decision, and they understand it is largely related to their abilities and application of effort.
However, unfortunately for America, the Liberal educators in our school systems have been nurturing a grotesque, new entitlement segment of the society, which feels that just by their being “human,” or “present,” that the country “owes” them a “middle-class” living.
These people who are readily identified as lacking character, honor and integrity, are those to whom President Obama trying hard to sell his grand “hoax” of fair shot, fair share and equal success.
But even though Barack Obama is admittedly a great orator, trying to sell the same “equal success utopia” that Fidel Castro sold to the “working class” of Cuba 50 years ago–the majority of Americans today are not buying it.
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