◼ Is President Obama for capitalism or is he against it? It's hard to tell from his and his surrogates' attacks on Mitt Romney's tenure at the private equity firm Bain Capital, and the defense of those attacks they have since been forced to mount. - Washington Examiner
Obama's ads betray a belief that profits are, at best, a necessary evil that should always take a back seat to other community concerns. This probably explains his "investments" in losers like Solyndra and high-speed rail (for the sake of the Earth), as well as his bailouts of Chrysler and General Motors (for the sake of the unions). Never mind that Solyndra had an unsustainable business model, or that taxpayers spent $50 billion to save a car company that is worth only $34 billion today.
What Team Obama still doesn't understand is that profits are just a signal that businesses depend on to determine how best to invest their resources....
What this nation needs, and what it currently lacks, is a president who understands the role that businesses play in the economy -- including private equity firms. It would be quite an improvement over a leader who demonizes some industries while subsidizing and bailing out others.
