Super-Rich Irony

whygohome

A great New Yorker article:

(too long to copy and paste; hopefully not too long for some to read).

Super-Rich Irony
Why do billionaires feel victimized by Obama?
by Chrystia Freeland October 8, 2012

THE ULTRA-RICH FLIP OUT AT OBAMA: Compare His Rise To Third Reich's... See His Peers As 'Battered Wives'... 'He Really Loves Us And When He Beats Us, He Doesn’t Mean It; He Just Gets A Little Angry'... 'Oppression' Of Super Rich Compared To Treatment Of Ethnic Minorities


http://www.newyorker.com/reporting/2012 ... ntPage=all

"The growing antagonism of the super-wealthy toward Obama can seem mystifying, since Obama has served the rich quite well. His Administration supported the seven-hundred-billion-dollar TARP rescue package for Wall Street, and resisted calls from the Nobel Prize winners Joseph Stiglitz and Paul Krugman, and others on the left, to nationalize the big banks in exchange for that largesse. At the end of September, the S. & P. 500, the benchmark U.S. stock index, had rebounded to just 6.9 per cent below its all-time pre-crisis high, on October 9, 2007. The economists Emmanuel Saez and Thomas Piketty have found that ninety-three per cent of the gains during the 2009-10 recovery went to the top one per cent of earners. Those seated around the table at dinner with Al Gore had done even better: the top 0.01 per cent captured thirty-seven per cent of the total recovery pie, with a rebound in their incomes of more than twenty per cent, which amounted to an additional $4.2 million each."

Keep crying......So, does this mean that the wealthy benefit from an America-hating, anti-business, radical socialist administration?

(Also, let's keep the Third Reich and Hitler comparisons coming....they establish credibility and sanity.....)

EdsonNascimento

Who says that Billionaires (all 20 of them - exaggerating) feel victimized by Obama?

Isn't it possible that folks just see his policies as not effective? Who wants to throw good money after bad?

Billionaires Yeah. That's what the debate is about.

klusterfuk

bump