Wednesday, January 09, 2013

"LIMOUSINE LIBERALS"

An article by Victor Davis Hanson on the left as a special interest group that is living at a much higher standard than the rest of us.  They are using government (and the votes of the uninformed) to enjoy the good life.  They are skipping taxes and using government perks to feather their own nests.  It is ironic that the likes of Warren Buffett and Al Gore took advantage of 2012 tax laws to complete deals so they could avoid taxes that would hit them in 2013. 

Former Obama OMB director and liberal Peter Orszag went on to a multimillion-dollar gig at Citigroup. He now writes warnings about the uncontrollable debt that he helped accumulate; would that he would sermonize about the incestuous revolving door that Obama pledged to end. Did he learn anything from Franklin Raines, James Johnson, and Jamie Gorelick, who occupied top spots at Fannie Mae in the Carter and Clinton administrations and who all walked away with millions while the federal mortgage-insurance corporation went insolvent? The problem is not just that none of the three did anything to ensure Fannie Mae’s viability, or at least to justify the millions that they took out, but also that none of them had a reputable record of banking expertise to justify their being hired in the first place.

Here is a case of a media figure, David Gregory, getting a break that other people might not get.

What’s important is that the connection reinforces public perception, as Emily Miller put it, of one law for “the rich and powerful and one for everyone else.”

No comments: