Follow The Money … Follow Buffett … Follow The Democrats
Editors Note: I am writing this post because if RVO “Contributor” Erik Blazynski or “Author” Steve McGough wrote this, their heads would explode. Special H/T to Instapundit for this one.
So follow the money and that means follow the Democrats. OK some Republicans too … but mostly Democrats and mostly Democrat contributors on Wall Street. First this from American Thinker.
Warren Buffett promoted the Troubled Assets Relief Program (TARP), and lambasted the greed on Wall Street, yet he is one of the main benefactors of the TARP largesse according to a Sacramento Bee story. Buffett endorsed Barack Obama for President last year, and Obama tapped Buffett to be a member of the candidate’s economic team. Obama referred to Buffett’s endorsement during the campaign as proof that he had the capability to deal with the troubled US economy. Buffett’s holding company, Berkshire Hathaway, profited from TARP in several ways …
The number of people helping Obama put together the bailout package who had connectitions with the failing banks and who had previoulsy had profited from the Wall Street madness is stunning really.
Senate Banking Chairman Chris Dodd received special treatment from Countrywide on his mortgage, Obama Chief of Staff Rahm Emmanuel received about $300,000 for very little work at Freddie Mac, former Clinton OMB Director Franklin Raines reaped about $90 million from Fannie Mae by inflating profits — and the list goes on.
The this from Friday’s NY Times:
Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.
But it just gets better:
The disclosure forms also shed further light on the compensation received by a top Obama aide who previously worked for Citigroup, one of the largest recipients of taxpayer bailout money. The aide, Michael Froman, deputy national security adviser for international economic affairs, received more than $7.4 million from the company from January 2008 to when he joined the White House this year.
Want more? Sure.
Desirée Rogers, the White House social secretary. Ms. Rogers, a close Chicago friend of the Obama family, reported income of $2.3 million last year. She earned a salary of $1.8 million from People’s Gas & North Shore Gas, along with three other sources of income from serving on insurance company boards.
Thomas E. Donilon, the deputy national security adviser, reported earning $3.9 million as a partner at the Washington law firm O’Melveny & Myers. His disclosure form says major clients included Citigroup, Goldman Sachs.
Not bad money for a social secretary. I gotta get a job like that. Hmmm, or maybe become a Democrat? Just waiting now to hear from Erik and Steve. Check back frequently for them to drop something here.
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Sorry, a bit off topic…Desiree Rogers, White House social secretary. Was she the one behind the decision to give the British Prime Minister a set of unuseable DVD's, and, the decision to give an IPod to the Queen? How do I get that job? Even I could come up with more thoughtful gifts for foreign dignitaries.
On topic, it seems that's it's OK to receive what any hard working American would consider an outrageous "salary" as long as you are a true beleiver in "the one", whether your money comes from Wall Street or not. Everyone else, the message is, off with their heads.
I'm just wondering when Obambi is going to figure out that, as the "one," he could probably sell indulgences and turn a quick buck.
Then again, maybe that is what "cap and trade" is, political indulgences.
Desiree Rogers? Is she the one that sets up those parties in the WH where MO has to admonish the classy guests "not to break anything?"
OK they win. I am now an obama supporter. Can I have my mega millions now?
Is there no blame to be had on this blog for the guys doing the bribing?
Some Republicans? (Gregg, McConnell, McCain, Bush, Paulson, Boehner, Cantor). Mostly Democrats and Democratic contributors on Wall Street?
Credibility, you have no place here.
I hear Bernie Madoff was a big Democrat booster (I wonder why?), and most of the money in the last election went to Democrats, including from Wall St. (http://www.fec.gov/DisclosureSearch/mapApp.do). To be sure, there are far too many Republicans acting like Democrats.
A bribe is worthless if a politician can't be bought.
Well I have been saying for some time that you can NOT listen to Warren Buffet. His interest do NOT align with your interests. The stock market is a legal scam that is designed to rob you blind. The TARP bail out is no different except they didn't confine this scam to people invested in the stock markets, it is designed to rob EVERYONE blind.
And the "mostly democrat some republicans" statement is just silly. STOP thinking in terms of democrats and republicans. replace that with "Our elected officials"
Bingo, bingo, BINGO!! The politician's true allegiance is to him/herself. Period.
And that's what the tea parties are about! No one is representing US. When is our country going to get rid of incumbants, no matter who they are. Shake them up so they will listen again. Forget term limits: the foxes are in charge of the hen house.