President Obama's campaign launches a five-minute documentary style attack ad over Mitt Romney's record at Bain Capital. The Romney campaign responds with an ad of their own using a "Meet the Press" quote from Newark, N.J. Mayor Cory Booker who issued a revised statement after that interview.
You keep harping on a supposed hypocrisy in Obama taking money from private equity supporters while attacking Romney's record at Bain Capital. The entire private equity industry is neither represented by Romney nor his outlandish claims of being a "job creator". Private equity firms are not in business primarily to create jobs but to create wealth for their investors – by any legal means necessry, like asset stripping or lay-offs. It is Romney trying to make a grand claim about creating jobs while he ran Bain Capital as the main plank that he would do better than Obama if elected President of the United Sates in November. So attacking Romney's claims cannot be fairly equated with attacking private equity as a legitimate industry. And one would have expected you and the esteemed Harvard Professor to see that difference instead of advancing a fallacy.
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