Equity Capital

Why Do So Many Ridicule A Person, Such As Barack Obama, Who Becomes A Community Organizer?

One of the most frustrating comments this author has heard over and over again from people who worship money and the corporate world, is that Barack Obama was a “community organizer”, said in a derisive manner!

Why is this so?

Why is it that enriching oneself in equity capital, being a “vulture capitalist,” as Mitt Romney has been, even stated so by his own Republican opponents in the primaries, is so honored, while someone, who wishes to help the poor, the disadvantaged, the people in the ghettos who have difficult lives, is ridiculed? Is it because there is the image that only minorities, not white people, are poor, which is far from the truth!

Why is our moral and ethical standard based on being wealthy, even if one exploits workers, shuts down businesses, acts in a privileged way, has no regard for people who one hurts, and sees things only in dollars and cents?

Being a “community organizer”, or being in the Peace Corps, or being a teacher, a nurse, a social worker, is a great experience of caring about others, helping others, doing (without being religious), God’s work on earth!

We are supposed to be “our brother’s keeper”, not our “brother’s exploiter” for personal gain!

The Crash And Burning Of Cory Booker: The End Of National Leadership Potential!

Just a few weeks ago, it looked as if Newark, New Jersey Mayor Cory Booker had a great political future, thought to be likely to challenge New Jersey Governor Chris Christie for re-election in 2013, and maybe to become a possible Presidential candidate in 2016.

This author theorized that Booker could become the successor to Barack Obama, and be the second consecutive African American President of the United States.

It is now time to say forget it, as that is NOT going to happen!

Mayor Booker ruined his political future in one fell swoop when he went on Meet the Press on Sunday morning, and openly criticized the Obama campaign’s argument that Mitt Romney’s experience at Bain Capital, primarily concerned with maximizing of profit over people and survival of specific businesses, was a negative that disqualified Romney to be President of the United States. Booker disagreed with the attack on equity capital, venture capital, saying he found it “nauseating”, stunning David Gregory, the host of Meet the Press, and the rest of the panel that was on the program Sunday morning.

Later, Booker backed off on his criticism, and also went on Rachel Maddow’s show on MSNBC last evening, protesting the way the Republican Party is now using his statement to help their own campaign and attack Obama.

Unfortunately, it is too late once you have left, symbolically, the toothpaste out of the tube, as it cannot be put back!

We have now learned that Bain Capital helped to finance Booker’s campaign for Mayor, and he is, therefore, already tainted, so do not expect him to go further than, maybe, re-election to be mayor of Newark.

Booker turns out to have made a fatal error that cannot be reversed, and if, by some chance, Mitt Romney wins the Presidency, this moment will be seen as the moment that Romney gained an edge, all due to a Democratic mayor who was fatally flawed by his own blunders and personal association with Bain Capital.

What a sad ending to a promising political career, stained by connection to equity capital which he should have rejected, but was too tempted by the offer of support, and, therefore, lost his principles!