Hypocrisy Alert! Obama Assists Bain Takeover at OMB and Tries to Hide It. Attacks Private Equity YET takes $$ from Billionaire Obama Bundler Who Profits from Private Equity.



Obama assists Bain takeover at OMB and tries to hide it

by Dan Spencer

August 21, 2012

It looks like President Obama is assisting in a friendly takeover of the Office of Management and Budget (OMB), by Bain Capital.

As you may have heard, earlier this year Obama picked Jeff Zients to lead the OMB. You might not have heard that Zients worked at Bain from 1988-1990. The Zients White House biography did not originally admit that fact.

Now Obama has appointed another former Bain consultant, Boris Bershteyn, to head the Office of Information and Regulatory Affairs (OIRA), which is part of the OMB. Recognizing how awkward this is for Obama’s reelection campaign, Bershteyn’s tenure at Bain has been edited out of his official White House bio. This is an obvious and glaring attempt to hide Obama’s friendly Bain takeover of the OMB.

The audacity of  Obama’s hypocrisy in attempting to hide his Bain takeover of the OMB, while continuing to attack Romneys’s private sector service at Bain and refusing to condemn the despicable ad by an Obama-supporting super PAC that attempts to link Romney to a woman’s death from cancer, knows no bounds.

Even worse, Obama’s Bain takeover of the OMB completely undermines the core of the Obama campaign’s argument about Romney’s private-sector experience. After all, just last month last month Obama said:

“When some people question why I would challenge his Bain record, the point I’ve made there in the past is, if you’re a head of a large private-equity firm or hedge fund, your job is to make money….That’s part of the American way. That’s part of the system. But that doesn’t necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced.”

Obama has obviously changed his mind, and private-sector experience at Bain no longer disqualifies one from public service. The proof is in the pudding, Obama just appointed another Bain man to be head of Regulatory Affairs, arguably one of the administration positions most impactful to Americans’ lives and well-being. The Bain argument has always been a nothing-burger designed to distract the media and voters from the real issues. Obama himself just proved it.




Obama Hypocrisy: Attacks Private Equity YET takes $$ from Billionaire Obama Bundler Who Profits from Private Equity


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