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bluesbassman

(20,376 posts)
Mon May 21, 2012, 02:22 AM May 2012

Cory Booker slams Obama campaign ad attacking Romney’s Bain Capital record. Sorry Cory, I disagree. [View all]

"I have to just say from a very personal level, I'm not about to sit here and indict private equity," Booker, a Democrat, said in an appearance on NBC's "Meet The Press" on Sunday. "To me, it's just we're getting to a ridiculous point in America. Especially that I know I live in a state where pension funds, unions and other people invest 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."

~snip~

"This kind of stuff is nauseating to me on both sides," Booker continued. "It's nauseating to the American public. Enough is enough. Stop attacking private equity. Stop attacking Jeremiah Wright. This stuff has got to stop, because what it does is it undermines, to me, what this country should be focused on. It's a distraction from the real issues."

~snip~

"If Cory Booker went on 'Meet the Press' on Sunday with the intent of helping President Obama," Steve Kornacki wrote on Salon.com, "then his appearance was an utter failure."

But as Salon and others pointed out, Booker was likely looking to further his own political ambitions--say, in 2016, when the Democratic party will be looking for its next presidential nominee.



http://news.yahoo.com/blogs/ticket/cory-booker-slams-obama-ad-attacking-romney-bain-200058987.html


I have a lot of respect for Mayor Booker and what he's done in New Jersey, but he's dead wrong here. First of all nobody is attacking "private equity". Private equity does serve a very useful purpose in business, when it's run by ethical and moral people. What's being attacked, and rightly so, is the record of Bain Capital and Mitt Romney. Bain may have had a few instances where their involvement coincided with a company that prospered and kept people working, but the bulk of their business was and is Vulture Capitalism. They gutted and bankrupted far more companies than they "saved", putting thousands out of work. Second, we all would like to see civility in politics, but if Mayor Booker thinks now is the time to put on kid gloves and play nice with the Koch, et al. funded GOP, then he's not as bright as I assumed. Lastly, I included the bit from Salon as this is the more troubling. If this really is the case, and Mayor Booker is playing political games, then he's pretty nauseating himself.
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