3 Differences Between Bain and Solyndra

As Obama and his myrmidons continue to make asses of themselves by arguing that no one should ever put their own capital at risk, it seems timely to point out that Solyndra, and the White House’s many gambles on hypothetical energy companies, is not a fair comparison to Mitt Romney’s work at Bain & Co.

1.   It’s legal for individuals and companies to use their own money to buy failing companies and try to save them. It’s illegal for the President to gamble your tax dollars on his friends’ business ventures.

2.  Bain & Co. bought troubled companies and tried to save them; the Obama Administration bought healthy companies and destroyed them.

3.  At Bain, Romney and his partners were better their own money; at the White House, Obama and his friends squandered yours.

Thank God for people who use their riches to help others start thriving companies.  I would expect Obama’s entrepreneurial champions, like Larry Page and Eric Schmidt, to lead Romney’s defense.  Unfortunately, the folks at Google tend to be hypocritical when it comes to money–now that they’re at the top of the economic summit, they’re happy to help Obama obliterate the trail.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s