Remember when President Obama was bashing Bain Capital and private equity generally back in the 2012 campaign? I do, which is why I found it slightly amusing to learn today that his ex-Treasury Secretary Timothy Geithner is now joining private equity firm Warburg Pincus.
Now, don't get me wrong. I like private equity. I don't mind when former government officials decide to cash in and get rich. But the rampant hyopocrisy of the Obamabots does annoy me. They blast capitalism left and right when running for office and then, when they get tired of screwing up the economy, going to the private sector to finance their limousine liberal lifestyle.