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Tuesday, May 22, 2012

Wishful Thinking in the White House | Power Line

Wishful Thinking in the White House | Power Line: "Obama displays his trademark incoherence as he tries to explain why Bain Capital is central to the campaign. Asked a multi-part question that included his views on private capital, he starts to say that the distinctive feature of private capital is that the people who run such firms are focused on making a profit. Then you can see the wheels turning as he realizes that what he just said didn’t make any sense, since it didn’t distinguish private capital from any other business. "

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