by John Ruberry | July 6th, 2014
By John Ruberry
It’s hard to fathom now, but one of the major issues of the 2012 presidential campaign was Mitt Romney’s 15-year leadership of the Boston-based private equity firm Bain Capital, which he co-founded.
Two years later President Obama, who of course defeated Romney in ’12, faces multiple crises, including scandals involving IRS targeting of conservative groups, deadly waiting lists at VA hospitals, as well as a collapsing Iraq, Russia’s seizure of Ukraine, a still stagnant economy, and 300,000 illegal alien children crossing over our lightly watched southern border.
None of these hotspots have anything to do with Bain Capital, other than, remotely, the rotten Obama economy.
Under Romney, Bain rescued many companies from failure. And it provided seed money for new firms such as Staples, which now operates over two-thousand stores. Sure, a few of Bain’s investments didn’t work out, but failure–as well as success–is how capitalism works.
While at the NATO summit in the spring of 2012, Obama defended attacks on Romney’s tenure at Bain.
What did that have to do with NATO?
However, Romney left Bain in 1999 to engineer his greatest turnaround, the rescue of the scandal-plagued 2002 Winter Olympics in Salt Lake City. He then moved on and was elected governor of Massachusetts.
During the campaign, a liberal super PAC, Priorities USA, blamed Bain Capital and Romney in a video for the death from cancer of a woman after her husband was laid off from a Bain-owned company. That claim was almost immediately debunked, yet Obama only half-heartedly disavowed it.
Obama and his surrogates were partaking in an old Saul Alinksy tactic–straw man attacks.
Paul Ryan, Romney’s running mate, neatly summed up Obama’s mischief last year:
Look, it’s the same trick he plays every time: Fight a straw man. Avoid honest debate. Win the argument by default.
Yes, Obama is winning arguments. But our nation is becoming increasing dysfunctional.
Obama, like King Robert Baratheon in Game of Thrones, mistakenly believes victory and running a country are the same thing.
It’s a road map for disaster. And we have arrived at our unhappy destination.
John Ruberry regularly blogs at Marathon Pundit.