Obama Co-Chair and Former Dem Mayor Pena Caught Being Romney
When is a Venture Capitalist Not a Vulture Capitalist?
When He’s A Top Dem Obama Supporter
It seems that one of BHO’s top campaign spokesmen, the guy whose job is leading the charge to win the West for the president, is guilty of the same sins that Obama is trying to pin on Republican presidential candidate Mitt Romney. Former Denver mayor Federico Pena has been a partner at Vestar Capital Partners, a private equity firm much like Bain Capital, since 2000. His firm has shut down a bunch of businesses and laid off hundreds of people, just as Obama has accused Romney’s firm of doing (even though the steel company in the Obama ads shut down after Romney had left the firm, AND after Bain’s investment gave the dying company and its employees eight more years of life – but why should facts intrude on Obama World?)
The companies that Pena’s firm “vulturized” include Del Monte, where 1000 workers were laid off this month, Solo Cup Co., where Vestar closed three factories and laid off 540, and BirdsEye where 500 workers were fired in 2006, according to articles at the Daily Caller and completecolorado.com.
Despite his evil capitalist deeds, Pena has been named one of 35 national Obama Campaign Co-Chairs. But when he takes the stage in Colorado to introduce the president at campaign rallies, don’t look for Pena to bring up his current resume — instead expect him to attack Romney for a very similar one. And don’t expect Pena to defend venture capital as the free enterprise engine whose net positive results build the economy not destroy it – even though many top Democrats like NJ Mayor Cory Booker, Mass. Governor Deval Patrick, and even Dem spokes-shill Lannie Davis have said so very aggressively on national news.
Not gonna happen. After all, Pena and his cohorts at Vestar Capital have already contributed over $10,000 to the re-election campaign of the very man who is heaping shame on their own business. Maybe our former mayor, who was a Clinton cabinet secretary, has his eye on the one job that Obama can create in a “jobless recovery”: a job for a faithful crony, even one who is a vicious, unrepentant capitalist. Oh wait — I wonder how many of Pena’s Vestar Capital investments are in “green” companies like Solyndra that got millions in our tax dollars from Obama’s stimulus stash?
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