When top level guys look down, they see only shitheads.
When bottom level guys look up, they see only assholes.
Never seen a Flow Chart described so clearly.
Posted on 07/29/2011 5:50:51 AM PDT by Kaslin
"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros."
For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love to the world's most famous hedge-fund mogul. The feeling is mutual and deep(-pocketed).
Soros and his family shelled out $250,000 for Obama's inauguration, $60,000 in direct campaign contributions and untold millions more to liberal activist groups pushing the White House agenda. While the class warrior-in-chief assails conniving financiers who exploit loopholes and corporate titans who imperil the planet, he lets the Soros exemptions to his attack-the-rich rules slide like butter on a hot plate.
This week, for example, Soros announced he was "quitting" the hedge-fund industry. The headlines emphasized his decision to return about $750 million to outside investors (a drop in his $30 billion bucket of personal wealth). He's reconstituting the business that landed him on Forbes magazine's "wealthiest people" list as a "family" interest. But the move has "self-serving politics" written all over it.
Over the past year, Soros provided coveted support for Obama and the Democrats' Byzantine financial "reforms" under the sweeping Dodd-Frank law. He preached to financial publications around the world about the need for increased regulatory controls over his industry. And in November 2008, while paying obligatory lip service to concerns about going too far, he submitted a statement to the House Committee on Oversight and Government Reform that recommended: "The entire regulatory framework needs to be reconsidered, and hedge funds need to be regulated within that framework."
Frameworks for thee, but not for he, however.
Under Title IV of Dodd-Frank, hedge funds were required to abide by new registration and reporting requirements in an attempt to better police systemic risk (not that the feckless Securities and Exchange Commission has ever been able to fulfill that mission). To evade the regulations, Soros and other firms have used a recently passed rule allowing so-called family offices to shield themselves from both registration and disclosure rules that would have subjected Soros Inc. to a new "Financial Stability Oversight Council."
Somehow, in touting its one-year anniversary last week, there was nary a peep about the myriad loopholes and de facto waivers being granted to Obama's powerful benefactors whose names start with "S" and end in "-oros."
GOP Sen. Richard Shelby of Alabama called Soros' hypocrisy out, telling Reuters this week: "It appears that Mr. Soros talked up financial reform only to sell it short. Don't be surprised to see his fellow Wall Street financiers follow suit."
This comes on top of the Obama administration's $2 billion offering in 2009 to Brazilian state-owned offshore oil-drilling company Petrobras -- in which Soros and his management company own an $811 million stake.
Offshore drilling for they, but not for the rest of the USA. Membership in the self-exempting progressive billionaires' club has its privileges.
Progressives do understand what happens to an economy when the progressively controlling steps progess. They are then able to predict what will happen as a result of the progressive laws that are passed and just take full financial advantage of what they know will happen in a progressive economy.
Rich airplane owners like Soros put Obama where he is.
Do you really think that he will tax them?
It’s a joke. The ones who will be taxed are Middle income folks. The poor will get along fine off our paying our tax’s and the rich will get richer.
I wouldn’t believe Obama if he swore the sun would come up tomorrow.
You’re right. They become the “Nomenclatura” as in the Soviet Union, Cuba etc.
That’s why they need and love their Useful Idiots.
BTW-— The US “government” gives $oros’ criminal front group, the Open Society Institute, grants.
“Between 1998 and 2003, OSI received more than $30 million from U.S. government agencies.”
http://www.discoverthenetworks.org/funderProfile.asp?fndid=5181
Sometimes you wonder if it is even worth the fight.
When top level guys look down, they see only shitheads.
When bottom level guys look up, they see only assholes.
Never seen a Flow Chart described so clearly.
It’s an uphill battle, for sure.
I fight it out of principle.
I agree. My sister-in-law and I say that sometimes it would be easier to be one of those sheeple who are oblivious to what is happening.
A daily discussion in my house. Stay and fight for our country or move out of country and watch it burn from afar.
Most in DC are so oblivious along with their constituents and the press, I am getting a sinking feeling we can not stop the spending enough to save us. If a Trillion dollar cut from our spending over 10 freaking years is too much? We are doomed.
But that puts the richest at the bottom in terms of fertilizing veggies.
I've told my wife I am prepared to move out of the country. She says she cannot. Her parents and our (grown) kids are holding her here. I counter they may move to where we go but she is resolved to stay.
It would be easier, but I prefer to live in America.
It’s hard. At times it’s miserable, but we have to keep fighting. Our children and grandchildren are depending on us to win this fight.
We cannot compromise. We cannot retreat. We cannot surrender.
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