As you will note in an entry to follow, team Obama is making Romney’s ties to Bain a big issue. They can only do so because our electorate is so poorly educated and ignorant about the effects of taxation.
It’s axiomatic when the federal or state governments put onerous taxes on business they move their operations to a more tax friendly environment.
After all, the CEO of any business that is publicly traded on a stock exchange has responsibility to earn profits. Unlike their government counterparts that abhor the term, “Profits Employ, Taxes Destroy,”~Jim’s Law
That’s my story and I’m sticking to it, I’m J.C. and I approve this message.
Andrew Breitbart’s Big Government
by Ben Shapiro
The same SEC form from February 2001 that lists Mitt Romney as “sole shareholder, sole director, Chief Executive Officer and President of Bain Capital … the controlling person of Bain Capital” also lists over a dozen other managing directors of Bain Capital, Inc. — all of whom were undoubtedly more active than Romney was during this period. And President Obama took money from many of them. (More Below)
Take Joshua Bekenstein. Bekenstein has been a managing director of Bain Capital since 1986. In 2008, he signed Barack Obama a $4,600 check. In 2004, he gave a $50,000 donation to the Democratic National Committee. That’s outsourcing money, plain and simple. And Obama was happy to take it.
Or how about Stephen Pagliuca? Last year, he cut a $35,800 check to Barack Obama’s Victory Fund. Then he cut another $30,800 check to the DNC. And another $30,800 check to the DCCC. Jonathan Lavine and Mark Nunnelly have both maxed out to Obama already, as well as to the DNC. Lavin was a bundler for Obama, and raised over $100,000 for him. Michael Krupka gave Obama $4,600 in 2008.
As we’ve seen, the leftist media thinks it’s a disaster if a private citizen, Mitt Romney, made money from an investment company that outsourced jobs to save companies. But the leftist media seems perfectly comfortable with Barack Obama cashing checks from the executives who actually made the decisions to outsource.
The truth is that there’s nothing wrong with a private company outsourcing. Democrats know it. Republicans know it. Everybody knows it. But the Obama campaign is hypocritically pointing to Romney’s pocketbook while zealously guarding its own. Apparently, it’s fine to outsource so long as the name on the contribution check reads “Barack Obama.”