This is what stupid looks like. Robert Gibbs on
Face the Nation:
Quote:
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... what Bain Capital never did was focus on job creation. That's not what Bain Capital does. It loads up companies with debt. It takes money out of those companies and pays those investors.
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I don't mean that Gibbs is stupid--likely he's quite smart--but that he thinks the American electorate is stupid to buy this line.
No business sets out to create jobs.
All businesses set out to make profit. They may have some little mission statement about helping kids, or saving whales, or whatever social good they want to do, but it is always about the bottom line in the end.
And no investment firm survives, much less prospers, by buying companies, loading them with debt, and then "taking out" the profit. This is so stupid it's amazing anyone says it with a straight face.
If Obama continues with this line throughout the election, he's punching Romney's ticket. The majority of voters are not
this dumb.