It is said that Washington is filled with the best politicians money can buy. Booker is a prime example.
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The cannon are lining up for the big shutdown coming in November, with the taxpayers being the fodder.
Excessive hubris and other peoples’ money is a dangerous combination, as Corzine is about to find out.
The open mic revealed what they’re really after and what they really think. It shouldn’t be a surprise to those of us in the fight.
Corzine is the Teflon man. He won’t be touched for this outrage. The story behind the story is that other investment companies have been doing this for years, and continue to do it. It’s just that when MF Global ran out of customer funds it ended the game.
It’s too simplistic just to say that Corzine is a sleaze-ball and leave it at that. What he represents, however, is the big story: corruption reaching to the highest levels of the government.
The market economy, at bottom, is based on trust. Trust that the goods and services offered for sale are what they appear to be, with sanctions applied only when they aren’t. But if those sanctions are removed, then “moral hazard” becomes the norm, and the economy then becomes a casino or Russian roulette.
Here’s a classic example of a distortion of the free market. Regulators say everything is OK: the water’s fine, come on it. People jump in, believing the regulators. But then they get burned. And then they want more regulation? There’s a logical disconnect here. I hope I illustrated that in this article.
It’s too bad I didn’t have more space to write more about Mr. Corzine because there is more – so much more – that could be said about this thug. But he’s a perfect example of the kind of person that Obama would seriously consider for such a position: totally without integrity, with no regard for rules or fair play, and with the necessary totalitarian ideology—perfect for Obama!
The most alarming thing about the state issue is the level of complacency. [The states’ budget shortfalls have] tentacles as wide as anything I’ve seen. I think…this is the single most important issue in the United States, and certainly the largest threat to the U. S. economy….