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Steve Moore of The Wall Street Journal argues President Obama's anti-capital ads will not help him win the election.
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-- -- -- Also with a 152 delegates up for grabs in the Texas primary today it is expected that Mitt Romney will secure the 11144.
He needs to be the Republican presidential nominee.
All of this comes as President Obama is planning to expand his attack on Romney and private equity.
Is -- going after Wall Street the best strategy to win an election we are joined now by Steve Moore of the Wall Street Journal.
It seems to be firing up again you know this is that this is the same rhetoric that we're hearing before I would at this time the Romney camp is better prepared with an answer.
You know I said that it renewed remember -- Newt Gingrich it lob these grenades at that gas meant a couple months ago that this was just a practice session proclivities.
He's in -- From.
Propose a -- I think is a -- issue President Obama I -- -- basically I think may expose Obama look anti stock market anti ambassador and it makes it seem you don't -- American -- anti stock market anti investor right now I mean when you hear about what's happening with JPMorgan in.
You see the FaceBook IPO that she -- to the rest the world looks like bungee guys got rich media this is attacked.
You know I just disagree with that I -- look I think half of Americans.
More than half of Americans are members of the investor class they own sake of -- further 1401 K plans or.
Through their individual trading of stocks.
They understand how that when you when you depress the market that that hurts everyone when you attack a successful -- -- -- this of various this one most successful private equity firms in the history of that the country.
This -- that a company that is provide that there is you know the mother's milk of capital for.
Incredibly successful companies employ hundreds of thousands or person I just don't get how you can turn that into a negative -- president Obama's trying to do and I don't see it works.
I think he is trying to do he's gonna probably turn up the knots on these attack think -- thirty these nasty attacks on.
On -- -- -- so many months before the election so begs the question do you think Obama's desperate is he picked -- at a.
I think that look.
There's no question that this will be a presidential election based on that kind of politics about being created class warfare I -- the president is -- about many times on the campaign trail.
The whole attack against being Kaplan fits into that he's rich he helps rich people he has helps -- rich investors he's laid off people left.
I mean when you're talking about a private equity firm this is a company that does -- oftentimes comes in provides capital to distressed -- some of those companies are gonna fail all right I mean.
This -- six out of ten new businesses that start out our of failure so the point of the failures.
To see what an -- company this is rather than the successes that are currently have 101000 jobs makes no sense and so what do you think of Romney's response he's it's been my so far guys don't -- -- -- -- -- -- think.
Newt Gingrich gave a better defense the other data have Bain Capital then that.
Then not -- imports for him what's the best response to this attack what I know how to create jobs and how to create businesses without thriving small businesses that are expanding their operations you don't have jobs you don't have a higher wages.
I think that's what if the said this what the heart of America's about people start businesses so they can get capital so they can expand that's what private equity is most I don't think most people.
Most Americans don't really understand now private equity you're right I'm hearing from the credit -- equity industry itself.
My -- -- -- in front of the fetal position right now I mean they're terrified of these attacks they just wanted to go away it's not gonna go away and now you are started to see the industry get more involved saying look look at what we do.
You know venture capital.
Is one of the things -- -- -- it has made American financial markets so successful so many businesses successful that.
What these what these industries do is they pick among a hundred companies these -- the once this is going to be the next Google this is going to be the next base but this is going to be the next Home Depot.
And it takes successful capitalists to do that yet.
Interesting discussion that -- -- --
