A Vulture or Vampire, It's All the Same

Whatever you want to call them, whether they are vulture capitalists or vampire capitalists, they have control over Obama and his campaign.

They also have Romney's, so it's a heads-I-win, tails-you-lose proposition.

WSWS's people note the ad Obama's campaign has circulated about Bain, and how hypocritical it is:

Romney’s record at Bain Capital is a demonstration of the parasitic role of finance capital, which mobilizes vast resources to take over, reorganize and downsize companies. It is part of a process, extending over more than three decades, in which Wall Street has garnered an ever-larger share of corporate profits through financial manipulations unrelated and inimical to the development of the productive forces.

The Obama campaign’s critique of Romney is completely hypocritical, however, since the Democratic Party is just as beholden to the financial aristocracy as the Republicans. As deputy campaign manager Stephanie Cutter told the Wall Street Journal, in attacking Romney, Obama was not “questioning private equity as a whole.”

That ad, linked her a couple of days ago, is effective, but Obama believes in the exact same thing as Romney. Both candidates and their parties are openly hostile to anybody who works for a living, anybody who is not in the top one percent.