Obama Investment Hypocrisy Alert
Carol Platt Liebau
8/26/2012 1:49:03 PM - Carol Platt Liebau
Even as President Obama has been blasting Mitt Romney's finances and financial holdings, it appears that he, himself, has happily been willing to profit from (gasp!) foreign investments and private equity
Similarly, the President seems to believe that profiting from private equity and foreign investments is wrong and greedy . . . but only when others do it.
The Obamas' approach to finances was pretty well summarized by Michelle Obama
back in 2008. On the one hand, there is "corporate America" (evil). On the other hand, there is the "helping industry" (good). For those from the former, there is one standard of behavior when it comes to junk food, expensive clothes, and profitable investments.
For those from the latter -- like the Obamas -- the moral purity conferred by being part of the "helping industry" provides blanket absolution for behavior that would otherwise be characterized as "greedy."