The Hypocrisy of Obama's Latest Attack On Romney and Bain Capitol

As of today,  Barack Obama's reelection campaign released this new ad attacking Mitt Romney's stewardship of Bain Capital:



But what this ad and the idiots that appear in it don't seem to understand is that Bain Capital was involved in the business of fixing broken companies.  Companies that were broken because they had too many people and/or too many unprofitable or marginally profitable products and services.  Those companies were broken long before Bain got involved. So, if those people lost their jobs it was because the original management of the company that hired them was at fault due to bad management.

Though, I guess, the height of hypocrisy comes from Obama, himself, on this one.  The fact is that what Bain Capital did is no different than what the President's people had to do with the "broken" General Motors.  Like Bain Capitol,  Obama took a controlling interest in General Motors by infusing $56 billion in cash.  But, unlike Bain's takeover of companies, Obama used taxpayer money -- not private capital -- to fund the takeover. Then, to make the company profitable again, people had to lose their jobs and some benefits.  The Saturn and Pontiac Divisions were shuttered and employees were just let go.  Losers like Saab, Opel, Vauxhall, and Humvee were sold off with their worker's ultimate fate in question. Hundreds of dealerships were shut down; and, as a result, lots of people lost their jobs.  Former suppliers to Pontiac and Saturn lost contracts and, in the process, some either laid people off or, perhaps, went out of business all together. 

I'm sure that if Romney wants to stoop to Obama's level, he could just as easily run a similar ad with former, disgruntled, General Motors workers or Dealers.

Update: Even Obama's former Car Czar who orchestrated the GM Bailout calls this Obama attack ad "unfair".  (Click here to see video from Morning Joe program).