Bain Capital

Obama Resorts To Swiftboating

/ Jack Marshall / 25 Comments

“It was despicable what they did to John Kerry. Hey! Maybe it will work on Romney!”

I didn’t see this coming from the Obama campaign, and I suppose I should have. The President has shown a willingness to abandon virtually every one of the principles his piously stood for during his “transformational” 2008 campaign; the unifying, bi-partisan, President-of -all-Americans has meticulously worked to seed distrust and enmity between black and white, Anglo and Hispanic, business owners and labor, rich and poor, non-Catholic and Catholic, young and old, men and women, and, of course, Republicans and Democrats, as a desperate and cynical strategy to stay in power, disregarding the inevitable harm such a scorched earth strategy will do to the nation. If anyone can recall in our history such a total breach of integrity by a major American political figure, please enlighten me. The closest I can find is President Obama’s 2008 opponent, John McCain, who thoroughly disgraced himself to fend off a tea party challenger in his 2010 Senate bid in Arizona….and it really isn’t close.

Still, I didn’t expect the President to resort to Swiftboating, the political tactic that derives its name from the attacks on John Kerry’s military heroics from some of his fellow Vietnam swift boat commanders (“Swift Boat Veterans for Truth”) who financed a devastating series of negative campaign ads alleging that Kerry’s decorations for valor were based on fraud. Though the ads were based on rumor, hearsay and animus, they put Kerry on the defensive in his 2004 campaign against President Bush. I doubt that the smear really lost Kerry the election—he was a terrible candidate—but Democrats have continued to cite the Swiftboat ads as proof of conservative perfidy and ruthlessness. They, of course, would never stoop so low. Continue reading →

Integrity Check For Obama Supporters: Is This Really How You Want The Campaign To Go?

/ Jack Marshall / 16 Comments

On the heels of Newark Mayor Corey Booker’s criticism of the Obama campaign’s anti-Bain ad and his subsequent simpering recant, an interesting thing happened: some people actually checked the ad for fairness and accuracy…never mind that it was widely interpreted as an anti-capitalist statement in the world’s most successful capitalist nation. Part of the impetus for the check was loyal Democratic consultant and spin-master Lanny Davis announcing on television that the ad was deceptive in more ways than one.

If you have not seen the spot, here it is:

It tells the story of the demise of  GS Industries through interviews with sad-eyed, salt-of-the-earth workers who accuse Bain of buying their town’s small steel company to destroy it. 30-year steelworker Joe Soptic tells the camera,  “They made as much money off it as they could. And they closed it down, they filed for bankruptcy without any concern for the families or the communities.” Jack Cobb, a another steelworker, calls Bain “a vampire. They came in and sucked the life out of us.” Things were going fine, they all say, until Bain Capital, under the leadership of Mitt Romney, bought the company and soon sold them down the river, laying everyone off and pocketing a huge profit. How that would work…how buying a company and its equipment and then quickly shutting it down would be profitable….is never explained, because actual information is irrelevant to the makers of the ad. The point of the Obama campaign is to contrast the intercut video of Mitt Romney saying he created jobs with the weather-beaten faces of hard-working Americans who say he threw them out of work to funnel money to his rich friends.

Deceit, you’ll recall, is when one uses facts to deceive, usually by omitting other facts that make the revealed facts understandable. Deceit is a form of lying, a very effective and insidious form. President Obama’s anti-Bain ad is, beyond question, deceitful, and deceptive, which means that in this instance at least, so is he. For he, Barack Obama, “approved this message.” Continue reading →

Newark Mayor Cory Booker Recants

/ Jack Marshall / 14 Comments

Don’t feel bad, Mayor. Galileo understands.

When, I wonder, will the political parties realize that having spokespersons with proven credibility and integrity, who will speak the truth and not embrace cynical, misleading talking points, can only help the parties’ causes? Based on the sad Corey Booker episode, I’m guessing the answer is “Never.”

The Obama campaign, taking its cue from New Gingrich (which itself is disturbing), put out what can only be called an anti-capitalism ad, condemning Mitt Romney’s leadership of  Bain Capital, a private investment firm that acquires companies, streamlines and repairs them to make them profitable, or liquidates them if they are not. The ad relies on breath-taking ignorance of how investment and business creation works, but fits nicely into the Occupy Wall Street mythology. For a President trying, theoretically, to get the economy humming again, it was a stunning example of campaign deceit.

Cory Booker is Newark’s Democratic mayor, a devoted Obama supporter, and like his state’s Republican Governor Chris Cristie, remarkably willing to tell the truth, for someone in his field. On Sunday’s “Meet the Press,” Booker pronounced the Bain ad “nauseating”:

“If you look at the totality of Bain Capital’s record, they’ve done a lot to support businesses, to grow businesses. And this [the ad], to me, I’m very uncomfortable with….I have to just say, from a very personal level, I’m not about to sit here and indict private equity. I live in a state where pension funds, unions and other people are investing in companies like Bain Capital.” Continue reading →