Pass me another nail, we’re almost done hammering Obama to the wall.
Via The Hill:
President Obama raised far more cash from hedge fund and private equity donors than any other candidate in the 2008 election cycle.
According to an analysis by the nonprofit group Open Secrets, Obama took in nearly $3.5 million from large private-equity donors that year — nearly twice what his general-election rival, Sen. John McCain (R-Ariz.), pocketed.
The data bring into focus the thin line Obama must walk in attacking presumptive GOP presidential nominee Mitt Romney’s background in the industry, which has sparked criticism from allies including Newark, N.J., Mayor Cory Booker.
Obama is working hard to make the case that Romney’s background in private equity does not qualify him to be president. In fact, Obama and his campaign, in a series of ads, have sought to turn that background into a weakness by highlighting companies that failed after their purchase by Bain Capital, the private equity group founded by Romney.