Working Life

This is no surprise. It reminds us what a despicable group of immoral people were in high office for many years. But, to take away the emotion, the more important question is: when will those people be held accountable? And what does this mean about the legality of the on-going drone war?

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Performance goes down, pay goes up. That is the formula in the hedge fund world. And it just keeps going and going and going…

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Often times, you probably see a piece of information and think, “wow, that’s new and outrageous”. Well, when it comes to corporate behavior and greed, there isn’t much new.

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First things first: I am not at all shocked or surprised by the stupidity flowing from the White House. If you are, you have not been paying attention for the past 5-6 years, or you’ve engaged in willful denial. But, the moronic, and immoral, proposals on Social Security do give us a wonderful moment of clarity about politics and the press.

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People know something is wrong. They feel the country is coming apart. We know we have been robbed. People across the political spectrum are right to be angry: they’ve been ripped off. Not by our “socialist” president and “government” but by the relentless belief in the so-called “free market” which has been a clever cover for the plundering of our nation’s wealth by a handful of people.

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It’s not hard actually to sum the book in a couple of pages, a primer if you will — just in case you don’t have time to read the whole thing, or you want a little cheat sheet to carry around.

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Ok, so, you want your money to do the right things? This is easy—if we stop being blinded by the “crisis” mantra.

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They failed. Throughout the debate over the phony fiscal crisis, the transcribers of press releases (formerly known as “journalists”) were, day
after day, a disgrace to any standard of journalism I ever learned.

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Because the release of the second edition of the book is pegged to the State of the Union address, one has to say just this: the president has played a big role in this foolishness so all his promises about focusing on the “middle class” won’t mean much if he doesn’t get off the bandwagon of a policy that is our social Armaggedon. It was the president, after all, who created the debt commission, formerly known as the National Commission on Fiscal Responsibility and Reform—the tale of which is part of the revised edition of the book.

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We’ve come to believe that extremely wealthy people know what they are talking about. We assume—or they assume—that just because someone figured out how to make a lot of money, then, he or she is an expert on the economy—rather than an individual whose brain is wired to think in a very narrow-minded way. And, then, they get to use their money to spoil and destroy what is good about America. Example: Pete Peterson

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