Wednesday, June 3, 2015

Leon Cooperman is an egotistical piece of shit

Billionaire hedge fund manager, Leon Cooperman said he doesn’t need anybody crapping all over what he does for a living. He made those comments in response to remarks made by Hillary Clinton, who rightly pointed out that hedge fund managers pay a lower tax rate than truck drivers or nurses.

I’m not trying to defend Hillary. As Cooperman noted, she hangs out at Martha’s Vineyard and the Hamptons with the very folks from Wall Street that she skewers in her speeches about inequality. More importantly, Hillary and her husband have been the best friends of Wall Street and the worst enemies of the middle class and the truly needy. President Bill Clinton ended Glass–Steagall, which allowed the banks to run wild with our tax money and he pushed through welfare “reform,” which was not reform at all, but a transfer of public money to big business and the wealthy at the expense of the poor.

Yet despite the Clintons and their two-faced politics, this does not excuse the pompous, arrogant, comments from this egotistical piece of shit of a person who is Leon Cooperman. He wants us to feel sorry for him and his creed because there happens to be a candidate out there who has the audacity to suggest he pay higher taxes. (Remember that other scumbag piece of shit, Paul Tudor Jones, who equated higher taxes with war and revolution?)

If Cooperman’s recent comments are not nauseating enough, here’s part of a letter he wrote—and sent—to President Obama. Check out the over the fucking top hubris.
“The divisive, polarizing tone of your rhetoric is cleaving a widening gulf, at this point as much visceral as philosophical, between the downtrodden and those best positioned to help them,” Cooperman wrote. “It is a gulf that is at once counterproductive and freighted with dangerous historical precedents.”
The downtrodden? He thinks he’s the Statue of Liberty now? Should we replace the Great Lady with a giant copper statue of this fat fuck?

And more…
"You should endeavor to rise above the partisan fray and raise the level of discourse to one that is both more civil and more conciliatory…. Capitalism is not the source of our problems, as an economy or as a society, and capitalists are not the scourge that they are too often made out to be. As a group we employ many millions of taxpaying people, pay their salaries, provide them with healthcare coverage, start new companies, found new industries, create new products, fill store shelves at Christmas, and keep the wheels of commerce and progress (and indeed of government, by generating the income whose taxation funds it) moving. To frame the debate as one of rich-and-entitled versus poor-and-dispossessed is to both miss the point and further inflame an already incendiary environment."
He fills store shelves at Christmas????

Are you fucking kidding me? He’s Santa Claus now??

This is a mind-blowing display of over the top, egomaniacal narcissism.

Where does hubris come from? What, exactly, does Cooperman do for a living that gives him such a feeling of self-importance? I’ll tell you what he does: He’s runs a hedge fund that invests in stocks. Wow. Not exactly Mother fucking Teresa.

That’s right…he doesn’t run into burning buildings to rescue people like a fireman. He doesn’t clean bed pans, administer medicine or, care for the sick and the elderly like a nurse. And he doesn’t educate young people in the classroom so that they become productive members of society, like a teacher. Instead, he buys and sells fucking stocks—and loses money (down 4.2% in 2014 when the S&P was up 13%), but still, he DEMANDS your respect and he DEMANDS that the President of the United States respect him, too.

Personally, I am sick and tired of these parasitic motherfuckers. I’m all in with Keynes: let’s “euthanize the rentiers.”

These speculators; these scum, contribute nothing to society. Even worse: their speculations often drive up the costs in real terms for everything from food to fuel and very often, jobs.

And their donations to charity don’t get them off the hook, either. Like other wealthy people Cooperman gives to the charity of his choice in the amount that he pleases. It happens to be a few percent of his net worth. Big deal. Let’s face it, too, many rich people do this for status and recognition—to get their name on a hospital wing or campus building or something or, to get invited to some swank society party.

The fact of the matter is, most of these hypocrites support policies and politicians that have harmed the wealth and incomes of the middle class and poor. Private charity wouldn’t even be necessary if these assholes were not so obstructionist toward government’s natural role of “promoting the general welfare” of the citizenry. All these selfish assholes are concerned with is their own welfare.

Furthermore, Cooperman—yeah, I’m talking to you, pal—the bulk of all taxes collected by the Federal government come from working people.  More than 80% of all tax revenues are from employment taxes—withholding and FICA. I am pretty sure YOU are not getting a paycheck from an employer every week unless of course you’ve found some clever way to suck even more money from a company that you control.

I’ll just end up by saying that Cooperman is right when he says he doesn’t need someone crapping all over what he does for a living. What he needs is someone shitting all over him and his “work,” and then flushing both down the toilet.


6 comments:

Tom Hickey said...

Classic. Mike, you are getting better at this all the time.

Gives new meaning to "outrageous." We need more outrage.

John said...

Leon Cooperman is another signed up member of the "The Give Me Pledge"...sorry..."The Giving Pledge", which translates as give billionaires lots of money and allow them to decide what to do with it.

The more decent ones are greedy and just keep it for themselves. Some pretend at caring for children's education (charter schools) while trying to privatise the system and take a nice juicy cut. Some, like Soros, have a hard on for Russia and want to f**k it six ways from Sunday. Some are reactionary religious madmen, like Sheldon Adelson, who want nothing less than the end of the world.

Can we afford the rich? They'll be the death of us.

John said...

How could I forget what one famous billionaire does with his money?

Paul Tudor Jones bought Bruce Willis's tennis shoes! Asked why, as he slid on Bruce Willis's former tennis shoes but Tudor Jones's new lucky trading shoes, Tudor Jones disturbingly replied: "The man's a stud".

Now he spends more money buying every video available of the 1987 film "Trader", the fawning documentary in which Tudor Jones announces his love for Bruce Willis's footwear, the footwear of a "stud".

If it wasn't so creepy, it would be fu**ing hilarious!

See here (31 minutes in) for creepy Bruce Willis foot fetishist Tudor Jones: https://www.youtube.com/watch?v=KrWbaErDtws

Be quick, Tudor Jones gets the videos taken down as quickly as they are uploaded on the internet.

Mike, was this about the time you were working for Tudor Jones? Were you aware at the time of his weird love for Bruce Willis's "stud" footwear?

Greg said...

Another classic rant Mike. Spot on

I love how he says "dangerous historical precedents" too. Is he thinking of the French revolution or something else?

These assholes have been crying class war for so long its really getting tiresome. They have been waging the class war and winning it for 30+ years. Of course with the help of economists and "center left" politicians this has all been done in the name of growth and supposedly been nonpartisan.

mike norman said...

John,

I remember that from the documentary, Trader. And, yes, it was around the time I started managing money for him. Maybe I got involved with him a year later.

-Mike

mike norman said...

A little over a year after I wrote this, just finding out that Leon Cooperman has been charged with insider trading. No wonder he was so defensive. He had a guilty conscience.