Sunday, May 10, 2009

Buyers' Remorse 
From the Daily Telegraph:

A top Obama fundraiser and hedge fund manager said: "I'm appalled at the anti-Wall Street rhetoric. It was OK on the campaign but now it's the real world. I'm surprised that Obama is turning out to be so left-wing. He's a real class warrior."

Do they have blanket parties on Wall Street?

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If hedge fund managers are dim enough to believe that Barack Obama wouldn't do what he said he would do, many times, no wonder the financial sector is such a mess.
We tried to warn them, but the celebrity of Candidate Obama was too much for them to resist. That and the hatred so many of them had for President Bush.
From the article:
"Mr Obama said last week that it was "an aberration" that profits in the financial sector had grown so large over the last decade. It was ridiculous he suggested, that '25-year-olds (were) getting million-dollar bonuses, (and) they were willing to pay $100 for a steak dinner and the waiter was getting the kinds of tips that would make a college professor envious.'

He warned that by the time he was done with them, Silicon Valley and Wall Street would remain large parts of the US economy, but not 'half of our economy'. "

It is the antithesis of liberty that any man should declare who does or does not make too much money. I've been served by waiters who are worth more than some college professors I've sat under, and who is this president to say that the waiters haven't earned what they are getting, or that professors aren't getting what they've earned?
And, does his ridicule of bonuses for 25 year olds extend to the sporting arena?
Politicians of all stripes have made similar statements to pander when they thought it was necessary, but now his supporters are starting to understand that THIS politician really believes what he is saying.
Mark L.
Lawrence KS
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