Tuesday, August 31, 2010

Obama Bent Over Backwards To Please Wall Street, And This Is The Thanks He Gets!

There are better ways to handle this, of course. A firing squad would be a useful start:
OK. We get it. Wall Street hates Obama.

As far back as last September, CNBCs Charlie Gasparino told us in the New York Post that "the top guys on Wall Street are feeling burned" by Obama's "wild-eyed redistribution of wealth and massive programs."

Just two weeks ago, one of Wall Street's richest private equity moguls, Steven Schwarzman, compared a plan to raise taxes on the wealthiest Americans to Hitler's invasion of Poland.

And now, today, the New York Times is prominently featuring a piece by Wall Street's most avid stenographer, Andrew Ross Sorkin, that purports to explain "Why Wall St. Is Deserting Obama." Once again, the problem is that Obama is trying to "regulate and redistribute our way back to prosperity" and this clearly, in the view of Wall Street's elite, is pure evil.

Wall Street, writes Sorkin, "did not realize was that they were going to be painted as villains. "

One popular way to respond to this increasingly popular theme is to note, despairingly, that the White House has bent over backward not to crush Wall Street under its jackbooted heel, despite the fact that such punitive behavior would please substantial portions of the populist right and left in this country.

...These jokers are annoyed at the prospect of wealth redistribution? What do they think they were doing over the last couple of decades, aside from sucking wealth out of the "real" economy and redistributing it to themselves. And now they are are upset about higher taxes? What they should really be nervous about is the prospect of 20 years in prison.

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