Fail: One of Obama's campaign national co-chairs is a “vulture capitalist"

The hypocrisy of President Obama is weapons grade...

Via Daily Caller:

One of President Barack Obama’s top campaign spokesmen is a private equity manager whose firm has shut down several factories and laid off hundreds of people amid a stalled economy.
Federico Pena’s role at Vestar Capital Partners has emerged as Obama’s aides and deputies continue their effort to portray former Massachusetts Gov. Mitt Romney‘s investment career as ruthless, job-destroying, profit-maximizing “vulture capitalism.” Pena has been a partner at Vestar since 2000.

Pena is a former mayor of Denver in swing-state Colorado, a former cabinet member for President Bill Clinton and one of 35 “national co-chairs “ of the president’s 2012 campaign.
The news will likely further undermine the Obama campaign’s effort to focus on Romney’s business practices, rather than Obama’s White House policies, and the resulting debt, deficits and unemployment.

Keep on reading…

Obama campaign introduces its Class Warfare Calculator

I can't wait for the race warfare calculator. 

Via White House Dossier:

The Obama campaign today introduced its shiny new Class Warfare Calculator, an online application that allows you to find out how Mitt Romney is a wealthy scoundrel who is cheating the tax system while you pay your fair share.

So you can resent him and those like him who were handed their wealth by The Man. Or someone.

In an email dispatched this afternoon, Obama 2012 operative Stephanie Cutter introduced the delightful new product, which lets you compare your tax rate to that of “millionaire” Mitt Romney, who is described as having paid a rate of 13.9 percent in 2010.

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Obama tries to recover from a really bad March by ratcheting up class warfare

In March, President Obama had what might be the worst month of any presidency in modern times.  In an attempt to get his re-election campaign back on track, he is beating the class warfare drums. Since he has little in the way of accomplishments, and will have less if Obamacare is ruled unconstitutional, class and race-baiting are all he has.

WASHINGTON — President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last September that aims to draw sharp election-year lines between the president and the Republican opposition.

The plan, scheduled for a vote in the Democratic-controlled Senate on April 16, stands little chance of passing in Congress. But it is a prominent symbol of the efforts the president and congressional Democrats are making to portray themselves as champions of economic fairness. Republicans dismiss the idea as a political stunt with little real effect on the budget.

“We don’t envy success in this country. We aspire to it,” Obama said in his Saturday radio and Internet address. “But we also believe that anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead — not just a few.”

Obama calls the plan the “Buffett Rule” for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers. Many wealthy taxpayers earn investment income, which is taxed at 15 percent. Obama has proposed that people earning at least $1 million annually — whether in salary or investments — should pay at least 30 percent of their income in taxes. Keep on reading...

Democrat on Democrat: Pelosi called out for her wealth

Rep. Laura Richardson is angry Nancy Pelosi agreed to a GOP proposal to freeze Congress' pay.

Class warfare erupted in a House Democratic Caucus meeting Tuesday, as Minority Leader Nancy Pelosi’s personal fortune was thrown in her face by a junior colleague angry about a proposal to freeze the pay of members of Congress.

Rep. Laura Richardson attacked Pelosi for endorsing the GOP-written pay freeze during a Tuesday caucus discussion of a possible Democratic amendment to the payroll tax cut, according to several sources who were in the room at the time. Both women are California Democrats.

The sources disagreed on the exact wording of the unusually direct shot at the party leader, but Richardson’s sentiment was clear: Pelosi, who is worth at least $40 million, doesn’t need the money as much as some of her colleagues, and she should have consulted with them before deciding to protect the GOP-written pay freeze.

It was “something like ‘Well I am sorry, Madam Leader, but some of us are not in the financial situation you are in,’” said one source.

Minority Whip Steny Hoyer (D-Md.) jumped in to contend that members should be willing to take a pay freeze as part of a bill that is blocking raises for other federal civilian workers.
But sources said it was one of the most tense intra-party changes in recent memory.

Read more here…