Obama Took Cash From Bain Outsourcing Execs
Barack Obamaâ€™s campaign has been quick to rip Mitt Romney for his association with Bain Capital, which outsourced certain jobs during restructuring of companies. Thereâ€™s only one problem: many of the very executives who were running Bain Capital during the 1999-2002 period now under media scrutiny donated to Obamaâ€™s presidential campaign. And Obama was more than happy to cash the checks.
The same SEC form from February 2001 that lists Mitt Romney as â€śsole shareholder, sole director, Chief Executive Officer and President of Bain Capital â€¦ the controlling person of Bain Capitalâ€ť 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.
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. Thatâ€™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 Obamaâ€™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 weâ€™ve seen, the leftist media thinks itâ€™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 thereâ€™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 Romneyâ€™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."