President Obama says “When you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits” (video below). I think Romney is going to be shocked to find out that the United States has citizens instead of investors. Mitt would probably like to rearrange our whole electoral system. Instead of everybody voting, he would have a system where only certain people get “voting shares.” In Mitt’s perfect world, the more of America you owned, the more voting share you would get. That way, the 1 percent could actually become the 99 percent.
The Republicans overplayed their hand with Cory Booker. Can you blame them? They haven’t been dealt any good hands in this election. And that’s odd, because they dealt the Mitt Romney hand to themselves. The RNC website featured a petition asking people to “Stand With Cory.” Cory Booker made it clear to Republicans that “Standing with Cory” means standing with President Obama—I don’t think most Republicans would find much standing room there. Evidently the RNC thought they could tell people to “Stand With Cory” while lying about where Cory was standing... not a very good strategy.
Romney campaign adviser Eric Fehrnstrom says that Romney created “well in excess of 100,000” jobs while at Bain. How did the Romney people arrive at the figure of 100,000? Well, first they drew a “1.” And then they added five zeros after it. That’s how job creation math works in the Mitt Romney campaign. Fehrnstrom called the 100,000 jobs figure a “rough back-of-the-envelope estimate.” I guess when you’re making things up out of thin air, the back of an envelope is as good a place as any to work.
A laboratory vial with blood from Ronald Reagan has been put on auction. The vial contains dried blood from the day that Reagan went to the hospital after being shot. A laboratory worker evidently took the vial that day, hoping they could make money off of it. At least they sound like a Republican. I remember Reagan had a colonoscopy while he was in office. They removed several polyps from his colon. So you hardcore Reagan lovers might want to wait until those come on the market.
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President Obama on private equity and why Romney's time leading Bain Capital matters...