Jay Carney Makes Everything Clear as Mud
Sure I say that the White House Press Secretary makes everything clear as mud, but then I realize I’m pretty certain that’s what he is paid to do. Because if being the mouth piece of the President were all about only speaking the truth his job would be pretty easy.
But alas, it is not. Carney’s job is about condemning free markets and twisting Socialism into some sort of good thing.
The Obama campaign is further scrutinizing Romney’s role at Bain Capital, a private equity firm. They continuously focus on Romney causing the loss of jobs. Nevermind the fact the President is responsible for massive amounts of job loss, but we won’t go there just yet.
Private equity firms take calculated risks. They are able to come in and reorganize companies, clean out the fat and if they are doing their job well, create a successful company in the end that hopefully will grow and create even more jobs than originally…
These aren’t bad people like the freaking lame stream media makes them out to be. They see something they believe will work and they put their money and expertise behind it. Please note I said “their” money.
Jay Carney was questioned this week what was the difference between the private equity of Bain Capital and that of the President backing Solyndra as well as other green companies. You can painfully watch his reply here or read below. Or both. It’s a free county.
“Look…there, there, there is the…the…difference in that, your overall view of what…huh, your responsibilities are as president and what your view of the economic future is.
And the president believes as he’s made clear that a president’s responsibility is not just to, ah, those who win but those who, for example in a company where ah, there have been layoffs or a company that has gone bankrupt, that we have to ah make sure that those folks have the means to find other employment, that they have the ability to train for other kinds of work and that’s part of the overall responsibility a president has.”
What the hell does that mean? Anybody? Bueller?
Jay Carney cannot defend one position and critisize the other. Private equity fails sometimes, but more often than not, they succeed and are able to create jobs. It’s called free market capitalism and it works.
Then you have Obama’s way of doing things. He gives money to green energy companies who are large poltical backers of his. As a matter of fact, those political backers are put on the fast track to receiving funds. The main difference is that Obama isn’t using his own money, he’s using yours.
“President Obama committed $465 million of taxpayer money to Tesla,” The Heritage Foundation reports, “which was founded by a campaign mega-donor and the 63rd richest man in the world, Elon Musk, to build a $130,000 battery-powered sports car that becomes permanently inoperable if left uncharged for 30 days.”
They also report that Congress is launching probes into the money given by the Obama administration to green energy programs and in particular the Energy Department’s loan program, “…of the $20.5 billion in loans granted, $16.4 billion went to companies linked to donors who contributed to Obama and the Democratic Party.”
In a perfect world Carney would have answered, “Oh that’s an easy question. Private Equity companies make good decisions based on viable companies and ideas not “wishful” thinking companies that create products or services people don’t want. And private equity uses their own capital whereas President Obama uses yours. Any questions?”