Monday, July 26, 2010
Neel Kashkari, TARP Guru, Supports Cutting Entitlements, Citing 'Me-First' Attitude Of Beneficiaries
Here's another scum Wall Street guy, who worked for Goldman Sachs and then Treasury (of course), who wants to cut Social Security, Medicare and Medicaid. This cretin--Mr. TARP, himself--is employed by money manager Pimco now. The whole money management industry should be gutted. WAY too much influence on policy with very little to show for it. Mainly losses. Social Security has paid out steadily for over 70 years yet these financial types, who lose billions, argue that they should be given the money to manage.
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2 comments:
Mike,
Yes he worked for the bumbler Paulson when they let Lehman Bros fail and the subsequent TARP/AIG bailout for Wall Street.
But did you know that Kashkari was so incompetent (along with his boss) that he went "Grizzly Adams"
and went out into the wilderness in northern california to try to get his head back together after the debacle of letting Lehman Bros go and subsequent TARP/AIG bailouts?
I guess he got it back together and now has a big gig with PIMCO...go figure.
These guys are in the same boat that the union bosses were in back in the 70's. The public got disgusted with them and the tide turned against labor. Public opinion is turning against finance now.
Politicians kow-towed to unions for contributions back then, bu the Reagan Democrats turned them out. Same will happen with the financiers and politicians who are on the take, but it is not yet clear how that is going to happen.
One thing I know. SS and Medicare are the third rail of American politics, and seniors and those approaching retirement are one-issue voters when it comes to cutting their benefits, uh, entitlements. They figure that they already paid in and promises were made. They aren't going to buy the "unfunded obligations" narrative.
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