I have this loose theory that those in government want to use taxpayer dollars to have 'cool jobs'. The people who build plans for sports arenas (which almost never pay off) would actually rather own a sports team. The people who want government to fund social services would actually rather be doing charitable work but they don't want to have to worry about how the money is spent.
By those accounts then, Obama and his staff would like to be bankers and investment managers, but they don't want to have to worry about having to turn a profit. They have funneled huge dollars into investments that will never pay off in any fiduciary way, but have yielded HUGE benefits in the form of campaign contributions and union strength (which is the same as campaign contributions except further out on the forward curve).
Obama's never run a lemonade stand, and doesn't look like he'd be any good at it if he tried. But since he's trying with our money, at least he doesn't have to worry about his friends all going broke. He'll never have to pay the bill, we will.
Here is another take on that theme:
2 comments:
Excellent... There are no repercussions for them. None.. There were none for Stan O'Niell . Ken Lewis.Dick Fuld. etc..If they had been in Vegas and bet more than they had they would have taken out in the dessert and knee-capped.Here you get a "package".Same in politics..No downside to any of it..Like you Tom I have been making my living in the market now for 7 years.Some good and some bad. I have to wake up everyday and re adjust my risk/reward cause there are always REPERCUSSIONS to my actions. Sometimes by the minute.They only change things when someone catches them getting massages and pedis at mtgs that didnt mean anything.Otherwise its boys will be boys...there is so much apathy out there that people just want to be left alone... sad cause you are talking real money in the B's.. i would hope to see this commercial a 100 times in sept and oct
No repercussions.. ie. Barney making a Travon "hoodie" joke at Dartmouth. Thank God Barney is gay.. If he wasnt he would be branded a white racists. Since hes gay he gets a pass..These folks are our best? TOAST
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