Posted on 12/18/2008 5:26:15 AM PST by inpajamas
President Elect Obama announced the selection today of Bernard L. Madoff to head up the Social Security Administration. The pick came as a surprise to some, who would consider a resent scandal in which Madoff was implicated in the financial sector, a disqualifying factor.
A spokesman for the incoming administration defended the pick saying that, “No one has been convicted yet, and, in any event, there is nothing here that a pardon cannot remedy.”
Other critics were quick to point out the role of Illinois Governor Rod Blagojevich’s role as an adviser in the selection process, expressing fears that money may have changed hands for the appointment.
Rahm Emmanuel, who also worked with Blagojevich in the selection process, dismissed the criticism as partisan, citing Madoff’s experience as a primary factor for the choice.
“No one, and I mean, no one, has more expertise or understands the system better than Madoff - And I think he has the record to prove that!” Emmanuel said.
He continued by pointing out that if Madoff was able to keep his organization afloat for so long, relying solely on the money of investors, "Imagine what he can do in a system where he will have access to an almost unlimited supply of tax dollars."
Emmanuel also went on to say that no other candidate had worked a system that had so much in common with the way social security worked, and that any differences actually worked in Madoff’s favor.
The White House refused to comment on the appointment.
Only if he changes his name to honor that economic genius
Carlo Ponzi.
Read the topics. HUMOR.
Don’t spill the coffee on the keyboard.
Defeatist humor?
Excellent!!!
Actually, I’m recommending that Fitz add a charge of plagiarism to Madoff’s indictment. After all, Madoff COPIED the Social Security scheme, did he not?
Yeah, making money disappear is the government’s function and right. No competition allowed.
There was a millisecond that I believed it. Save your cash to burn it this winter...
LOL.
Translation - "IGNORE that man behind the curtain!!!!
I said it in an earlier post and I'll reiterate it here - the more of this stuff I see from the Obamessiah, the more I'm starting to agree that his administration will be the most corrupt and scandal-ridden in history!!! Start thinking African potentate and you'll begin to get the picture of what's ahead of us.
As in "Bernie made off with the money."
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