"When you are born in this world, you are given a ticket to the Freak Show, and when you are born in America, you have a front row seat"
If you're an average educated & informed voter (or an aspiring immigrant like me) who's angered by these Tea Party shenanigans in this Debt Ceiling drama, don't get outraged. Consider this as a front row ticket to freak show in the name of American Political Bankruptcy.
Poor and middle class people who voted for these tea party hacks, where would you go crying once Ayn Rand's fan boy Ryan starts cutting your Social security, medicare and medicaid benefits? Enjoy the fruits of your labor. Oh btw, keep watching the fox news.
Middle class who voted otherwise, you aren't alone. You've the company of rich people. I know! The average 2 and 20 hedge fund guy, investment bankers, Wall St CEOs are all tired and vexed with these retards in the House.
For a change, I don't have any endless tirade about this. But I've two opinion pieces. One from the Free Markets savior WSJ and another from a successful financial advisor. Both are capitalists, not your average tax and spend liberals whom the wall st dreads most.
Here's WSJ opinion piece
The GOP's Reality Test
These below line sums up the Wall Street's frustration.
....The idea seems to be that if the House GOP refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against . . . Barack Obama. The Republican House that failed to raise the debt ceiling would somehow escape all blame. Then Democrats would have no choice but to pass a balanced-budget amendment and reform entitlements, and the tea-party Hobbits could return to Middle Earth having defeated Mordor.
This is the kind of crack political thinking that turned Sharron Angle and Christine O'Donnell into GOP Senate nominees
And here's a financial Advisor Joshua M. Brown's outrage in his blog The Reformed Broker
Traitors.
And the only thing worse than an economic dilettante voting idiotically in Congress is when someone who's actually worked on The Street acts like they don't know any better. For shame to the hedge fund managers and finance guys who are providing intellectual cover for the bastards who dare push this nation closer to the cliff's edge!
To Stanley Druckenmiller and the rest of the Oldtimers' Game brain trust, let me say this: Your ideas about missing a Treasury coupon "just to see what would happen" are so dangerous that I fear someone's been tampering with your meds. How is it possible that otherwise intelligent people could reasonably believe that the world's reserve debt instrument should be used for a political gambit? Mr. Druckenmiller (and friends), we agree on the need to get our house cleaned up, just not on your plan of swinging a wrecking ball at it to get the maids' attention. Congrats on your retirement, please don't feel the need to ever offer public comment again.
Sit back, relax and enjoy the freak show (or apocalypse).
Sources:
WSJ
The Reformed Broker
Poor and middle class people who voted for these tea party hacks, where would you go crying once Ayn Rand's fan boy Ryan starts cutting your Social security, medicare and medicaid benefits? Enjoy the fruits of your labor. Oh btw, keep watching the fox news.
Middle class who voted otherwise, you aren't alone. You've the company of rich people. I know! The average 2 and 20 hedge fund guy, investment bankers, Wall St CEOs are all tired and vexed with these retards in the House.
For a change, I don't have any endless tirade about this. But I've two opinion pieces. One from the Free Markets savior WSJ and another from a successful financial advisor. Both are capitalists, not your average tax and spend liberals whom the wall st dreads most.
Here's WSJ opinion piece
The GOP's Reality Test
These below line sums up the Wall Street's frustration.
....The idea seems to be that if the House GOP refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against . . . Barack Obama. The Republican House that failed to raise the debt ceiling would somehow escape all blame. Then Democrats would have no choice but to pass a balanced-budget amendment and reform entitlements, and the tea-party Hobbits could return to Middle Earth having defeated Mordor.
This is the kind of crack political thinking that turned Sharron Angle and Christine O'Donnell into GOP Senate nominees
And here's a financial Advisor Joshua M. Brown's outrage in his blog The Reformed Broker
Traitors.
And the only thing worse than an economic dilettante voting idiotically in Congress is when someone who's actually worked on The Street acts like they don't know any better. For shame to the hedge fund managers and finance guys who are providing intellectual cover for the bastards who dare push this nation closer to the cliff's edge!
To Stanley Druckenmiller and the rest of the Oldtimers' Game brain trust, let me say this: Your ideas about missing a Treasury coupon "just to see what would happen" are so dangerous that I fear someone's been tampering with your meds. How is it possible that otherwise intelligent people could reasonably believe that the world's reserve debt instrument should be used for a political gambit? Mr. Druckenmiller (and friends), we agree on the need to get our house cleaned up, just not on your plan of swinging a wrecking ball at it to get the maids' attention. Congrats on your retirement, please don't feel the need to ever offer public comment again.
Sit back, relax and enjoy the freak show (or apocalypse).
Sources:
WSJ
The Reformed Broker
No comments:
Post a Comment