President Obama, Executive in Chief of criticizing the cruelties of private equity, is more than happy to plead for donations from people who make their money in the industry. During daylight hours, he’s America’s “Robin Hood.” By night, though, he can be found schmoozing people at firms such as Blackstone — a major player in private equity.
But here’s where it gets better. Obama is speaking at TPI Composites (a produced of blades for wind turbines) in Newton, Iowa later today. Expect to see him promote clean energy tax credits — and laud himself for pushing public funds to help get these companies get off the ground.
(After all, there’s no way they could possibly survive without the government helping them out, right?)
Except they can. And they did….