Billionaire Thomas Friedman laughs at idiots from his $9 Million mansion.
Posted on 09/08/2011 8:22:17 AM PDT by caroline2005nc
Texas Gov. Rick Perry stuck to his claim during last night’s presidential debate that Social Security is “a Ponzi scheme.” The media are getting a lot of mileage out of that sound bite, and the Ponzi-scheme debate is very much alive this morning.
On Thursday’s “Squawk Box” on CNBC, CME Group floor reporter Rick Santelli, known to some as the father of the tea party movement, challenged New York Times columnist and Rick Perry critic Thomas Friedman on that claim.
(Excerpt) Read more at thedc.com ...
Libs that think referring to SS as a ponzi scheme will hurt a politician these days are living in the past.Don't fool yourself, it's not just the libs. It won't be long before the establishment shuts Perry up on this and who knows what else.
Billionaire Thomas Friedman laughs at idiots from his $9 Million mansion.
Any question that makes Friedman look stupid when he can't answer it is, apparantly, "idiotic."
The only answer Friedman even attempted to offer came down to this: Ponzi schemes are illegal, and Social Security is a government program. Friedman's logic apparantly runs like this: Ponzi schemes are illegal, and nothing the government does can be illegal, and Social Security is run by the government, so therefore Social Security is not a Ponzi scheme.
Anyone who would offer such an answer is, as far as I'm concerned, idiotic.
He's idiotic because either (a) he thinks the public is made up of idiots, or (b) he actually believes his answer.
Does Santelli ever say anything I don’t agree with?
#12—great!!
I see that look a lot on the faces of liberals when they are confronted with logic and facts. It's as if they can't believe there would be someone with the bottle to challenge their worldviews. This is especially so with the elite liberal media, who have owned that turf for so long they can't logically deal with anyone who opposes their positions.
>> Rick Santelli, known to some as the father of the tea party movement
Perhaps like Edison to the light bulb; it was going to happen anyway.
/snip/
Friedman's wife, Ann, is a graduate of Stanford University and the London School of Economics. They were married in London on Thanksgiving Day 1978. Her father, Matthew Bucksbaum, was the chairman of the board of General Growth Properties, a real estate development group. As of 2007, Forbes estimated the Bucksbaum family's assets at $4.1 billion, including about 18.6 million square meters of mall space, but the firm's value later plummeted. The family's trust declined in value from $3.6 billion to $25 million. On April 16, 2009, the company filed for Chapter 11 bankruptcy, after failing to reach a deal with its creditors. The GGP collapse marked the largest real estate bankruptcy in U.S. history.
Ann and Thomas Friedman live in Bethesda, Maryland, a suburb of Washington, D.C. The July 2006 issue of Washingtonian reported that they own "a palatial 11,400-square-foot (1,060 m2) house, currently valued at $9.3 million, on a 7½-acre parcel just blocks from I-495 and Bethesda Country Club." Friedman is paid $50,000 per speaking engagement.
/snip/
In other words his rich wife isn't nearly as rich as she once was ... what's next, divorce or foreclosure for poor 'ol Tom?
It’s not a ponzi scheme. It just looks, acts, feels, smells, works and costs like a ponzi scheme.
But it’s not a ponzi scheme.
I remember Friedman going to the Detroit Show and lambasting the big 3 for SUV's and how he hated the "Excursion", and how they couldn't build cars like the Japanese.
The Darn fool didn't realize the niche(s) it filled, especially in industry and how ranchers are now the 2nd-ary market for them.
I bet Friedman wishes he bought some Ford Stock in March of 09' but that is another story for another day...
IMHO he got PWNED by Rick...
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