Image by Mr. Wright via Flickr
Before Obama’s re-election campaign gets too deep into attacking Romney’s business acumen they should first be aware they may be digging their own grave when it comes to cursing vulture capitalism.
Let us take a brief stroll back to the 1990’s when the darling of Democratic Presidents, Bill Clinton, recommended Bobby Ray Inman to be his Secretary of Defense; Bobby Ray Inman gave leveraged buyouts its bad name. Thanks to his manipulations he almost destroyed one of the leading American Defense Contractors, Tracor Flight Systems, while enlarging his own portfolio by millions of dollars – which in 90’s dollars counted for something.http://articles.chicagotribune.com/1993-12-27/news/9312270054_1_bobby-ray-inman-social-security-nannygate
There is little connection between using private capital to invest in American companies for profit and leveraged buyouts for personal financial gain. The Democrats should know they invented the game and Merrill Lynch profited greatly from such shenanigans
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