If you thought JP Morgan traders goofed when they made bad bets that resulted in $2 billion in losses for what Obama says is the best managed bank in America, well you obviously don’t hang out with the One-Percent-Occupy Wall Street group that met last night on Park Avenue in New York.
60 Wall Street-types, says Politico, paid close to $40,000 a pop to hear Obama, Man of the People, tell them whatever their guilt-ridden consciences wanted to hear.
Why guilt-ridden? Who knows?
Perhaps they weren’t held enough as a baby; perhaps they seek atonement in politics for the rapacity they practice in business life; perhaps they just don’t have much more left to blow money on than a sit down with the “First Gay President,” who according to the White House, doesn’t even know yet that he’s gay.
Those are just some of the reasons why someone might blow $40k to hear Obama, The Great Defender of Free Markets:
“I believe the free market is the greatest wealth generator devised by man," Obama said to the Wall Street suckers according to Politico. "Risk takers and innovators should be rewarded" because "we all benefit from free-enterprise."
Yeah: We all benefit if only Obama can figure out how to take away the money legitimately earned through free markets and redistribute to people who didn’t earn it. How about through convenience stores and supermarkets, via the SNAP program? Or Social Security Disability Fraud? Or giving it to a green company running out of cash and slated to go into bankruptcy?
No report yet if the “free market” line got a lot of laughter from our Wall Street socialists; but uh, Obama?
The White House press dinner was a few weeks ago.
No doubt Obama is sincere on the wealth generation aspect of Wall Street; we’re just unclear why he wants to kill the “greatest wealth generator” devised by man.
Perhaps Obama wasn’t held enough as a baby; perhaps he seeks atonement in tax policy for the rapacity with which he blows money on impulse buys; or perhaps he’s just caught up in all the perks that go along with being the First Gay President.
Oh dear; silly me.
For all these years, gay community organizers and the Discovery Channel told me that Abraham Lincoln was the first gay president.
Well, Lincoln is Obama’s hero.
So I guess it all makes sense, in a gay sort of way.
Now all we need is for Obama to come out with a gay Emancipation Proclamation, then he could be known forever more as the Man Who Freed the Gays.
And for all the PC people who take issue with using “gay” as a laugh line, I would challenge you to stop using “gay” as a kind of a grassroots Nobel Peace prize.
If you want “gay” to start being taken seriously, then you’ll stop allowing the left-wing media to caricature “gay” in the cartoonish, clumsy and offensive way that has voters around the country voting against gay marriage.
Because here’s the thing, and it goes for the gullible Wall Streeters too:
What is clear is that now that the GOP nomination is settled, Romney is gapping to a pretty big lead. That’s not a good sign for Hope. But it’s a good sign for Change.
The tape doesn’t lie; and the tape says that Obama is in trouble, hence the L.A. handshake Obama’s giving the gay community and guilty rich on Wall Street.
I don’t care what people decide to blow their money on. I don’t care if, like JP Morgan, they choose to loose $2 billion on a hedging strategy, or blow it in the battle for civil unions or gay marriage or stopping man-caused global, polar bear cannibalism. Or even $40,000 on hearing Obama prevaricate, amid goat cheese and organic beets cradled on a bed of arugula.
In life, there are always some people making foolish decisions and other people who benefit from those who are making foolish decisions.
The fools stop being fools, not because the government stops them; not because there is some law that shows them right and wrong.
They stop being fools when they are tired of being used as fools and dealing with consequences that attend foolish decisions.
And like JP Morgan, settlement day will come for all, even if fools make bigger bets following bad money after bad money, bad politics after bad politics.
Because every trade has a counter-party, who is convinced that they are right.
But come November, the tape won’t lie.
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