Private Equity Leaders
The Weekly Standard | DANIEL HALPER
President Obama is attending a fundraiser today in New York City that will be hosted by Hamilton E. James, the chief operating officer and president of Blackstone. The financial firm Blackstone is “one of the world’s largest private equity fund businesses,” according to its website.
But ironically, Obama today is using Mitt Romney’s background in private equity as the basis of an attack on his Republican rival.
“In a career of buying and selling companies, Romney’s pattern was to reap quick profits for himself and his investors at the expense of workers and communities,” the Obama campaign says of Romney’s record in a campaign ad out today. “Sometimes it meant sending American jobs overseas.