OBAMA SPOKESMAN MANAGES PRIVATE EQUITY FIRM

Okay for Obama Team. Not Okay for Romney Team. be###

Federico Pena, a former mayor of Denver and secretary

of energy and transportation, is a private equity manager

and a top Obama campaign spokesman.

Photo Credit:AP/Ron Edmonds

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 has already contributed $5,000 to Obama’s campaign, even though Vestar laid off 1,000 workers from Del Monte this month, closed three factories and laid off 540 people at Solo Cup Co., and fired another 500 workers at BirdsEye food-processor in 2006, according to the report.
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 Original article at The Daily Caller