Ooooh, my dander is up today over ridiculous comments on the CNBC (TV) business channel. In defense of some of the outrageous corporate waste and fraud that's currently going on, a couple of the commentators there (Larry Kudlow, for one) feel the hoy polloi (disparaging term for "the people" or "masses") just don't understand corporate culture. Today's remarks by Dennis Kneale, one of the CNBC pundits, was worse! He claims Merrill Lynch can "make a million bucks in ten minutes" so it's no big deal to spend a million on the CEO's office. WHAT? That mentality is exactly what drove these companies into the ground and begging for bail outs.
It's a SAD day in America when government, financed on the backs of the working class, has to pay for all this wasteful crap. Commodes that cost nearly 100 grand, CitiGroup trying to buy a 50 Million jet after getting 45 BILLION of bail out funds, and executive bonuses for bozos who can't keep their companies profitable? Larry, you have lost your mind! Dennis you are just plain nuts.
You guys have been whining and crying about socializing banks. This is why it's happening. Are you too stupid or deluded to see that? When the government operated like that, (thousand dollar hammers) and massive federal waste (under Republicans, mostly) that's when the national debt sky rocketed. That's Econ 101 (not brain surgery.) What pisses me off, is the hoy palloi I hang with generally make $20 or 30 an hour, and we're the "stupid stiffs" financing these bail outs. The unemployed or minimum wage workers don't pay taxes, and neither do the uber rich with their endless loopholes. On the other hand, I paid $12,500 in federal withholding and probably owe even more because I did manage to save a few bucks. I would like to jump through the cable wire and smack you. You people are totally out of touch with reality -- TOTALLY! (I'm sending this link to CNBC management.) How can we take financial advice from morons? I've never been more disappointed -- I've watched CNBC for years. That must be why I'm broke and paying for your Capitalist criminals. On second thought, maybe none of us should pay taxes until this mess gets resolved. Why should I pay for some billionaire's stupidity?
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