You would think with the November elections just around the corner the media would be reporting on the loads of contradictory and head scratching comments coming from the President and his campaign. But as usual the mainstream media has chosen to ignore the real stories. Over the next few months we will highlight some of the facts AND lies of the Obama presidency and campaign that you won’t get from the mainstream media.
Glenn opened the radio program this morning with the Obama fact – or is it lie – of the day.
The Obama campaign has made private equity firms, specifically Mitt Romney’s former company, Bain Capital, the center of their latest string of attacks.
The President spoke out in defense of his campaign’s attack on Bain Capital:
It's important to recognize that issue is not a distraction. This is part of the debate we're going to be having in this election campaign about 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, and if they're working hard, and acting responsibly that they're able to live out the American dream.
One minor problem: the same day the Obama campaign launched their Bain attacks, the President attended a high profile fundraiser hosted by – you guessed it – the leader of the country’s largest private equity firm!
“Barack Obama -- he just held a $35,800 per head fundraiser at Hamilton James Manhattan home. Who is that? He's the President of the nation's largest private equity firm called Blackstone Capital,” Glenn said.
“So that Bain Capital. We have to have a discussion about these private equity firms like Bain Capital, and to see the fairness involved,” Glenn continued. “No sooner had President Obama released the Romney bashing Bain ad, he jetted off to the fund-raiser at Blackstone investment which awarded the President a cool $1 million at this $35,800 a plate dinner.”
A quick look at history reveals Blackstone Capital has been responsible for firing thousands of workers through various "investment" programs. This sounds a lot like the vulture capitalism the Obama campaign is accusing Romney and Bain Capital of.
“Obama doesn't have a problem with all of the private equity firms – just the one that contributes to Mitt Romney's campaign. Just those that Mitt Romney ran apparently,” Glenn said.
Never mind that one of Obama’s top fundraisers, Jonathan Levine, was a managing director at Bain Capital when the layoffs at GST Steel occurred. “The only difference is that Levine was there at Bain when the layoffs occurred,” Glenn said. “Romney had been gone for two years. But in the twisted world of Barack Obama, savior of universe, Mitt Romney is responsible. But his guy – oh no, he's not.”
“I'm tired of it. Sick of it,” Glenn said. “I'm not going to play the game. Why are we on defense all the time? Go offense. Why are we always responding?”
“It's amazing to me what this guy [President Obama] gets away with in the media”