GOBAMA! Barack Obama, the Nermal of Private Equity?
Posted by Heidi Moore
In this presidential campaign, we can’t help but see Hillary Clinton as Garfield and Barack Obama as Nermal (below left), his cute, kittenish rival who effortlessly had the world at his fuzzy gray feet.
Why? well check out this evidence of Obama’s seemingly impenetrable likeability: the Democratic candidate not only has drawn more financial support from private-equity players than any other remaining candidate, he also is now the favorite of the Service Employees International Union, the sworn enemies of private equity.
Obama has raked in more from private-equity contributors than any other candidate still in the presidential race: $253,788 in 2007, according to the latest data from Thomson Financial and PEHub.com. (The only candidate who collected more PE cash was Republican Mitt Romney, he of Bain Capital and late, not-so-lamented presidential hopes. Romney pulled in about $479,000 from his PE friends.)
And last Friday, he won SEIU’s endorsement. That’s right. The same union that last month confronted Carlyle Group’s David Rubenstein during his speech at a private-equity conference–as the union tried to organize employees of Carlyle’s then soon-to-be portfolio company ManorCare. And the same SEIU that started a Web site to oppose Blackstone Group’s IPO. And the same SEIU that, in fact, launched a campaign last year against the entire PE industry.
MoreI've got to say that I always preferred Garfield over Nermal, yet I still support Obama...but the reasoning they give for the comparison is still damn funny. Let's hope, for Hillary's sake, there are no potted ferns or lasagna on the set of tonight's debate, in case this comparison has some merit. ;)