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I thought Obama was against all the excess of those rich people
President Barack Obama attended a fundraiser at Jay-Z's 40/40 Club in Manhattan that featured a champagne tower of 350 bottles worth $105,000 - more than twice the median household income of an American family.
The tower of $300-a-bottle Armand de Brignac Brut Gold, known as 'Ace of Spades' because of its label, is a permanent fixture at the club.
'Itís floor-to-ceiling gold bottles in the entire space,' a 40/40 representative told the New York Post. 'Itís beautifulóbreathtaking. Itís the first thing you see when you walk in.'
The median income for an American family was $51,413 in 2011.
At the 40/40 Club, the singer Beyonce introduced Obama and said that she and her husband Jay-Z 'believe in his vision'.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
The following user says Thank You to liquidcci for this post:
The most insane entitlement on the planet is the infinite tax payer money for special corporations entitlement program. Mr. Goldman, that fine citizen that he is, makes his money as a trader. Sounds like a lot the people in here. Private entrepreneurs who use their hard earned skills as traders to take risk and be a part of the grease in the wheels that makes the world run. In fact he is just like us. He likes to call himself a bank as he get's more respect from the neighbours, and of course they do have a few resident corporate finance folk, but the truth is he isn't a bank at all, just a trader, like you and me. But he's a special trader. He was elected by the people to trade their tax payments for the benefit of all in society. You see, Mr. G is oh so generous.
People wake up. Every night, Mr. Goldman has the right to go the the US Treasury, via the fed, and take as much of your tax payments to gamble in the market, or anything else he wants to do as a private corporation. This is the gift that keeps on giving, the eternal bailout.
Who gave us this too big to fail paradigm. Why can't I go to the fed tonight and borrow 50grand so that I can cover my margins tomorrow? Tell me why I can't and he can? This is Paulson, Bush and co's creation, the Republicans, and I never hear them answering for it. They just want to talk about old peoples social security and food stamps. I like most of their ideas, except for this one, and of course their anti-freedom anti-pot laws. If they could fix these two things, I'd probably be in their camp. But they don't even atone for it. They don't talk about it. Every single person who has money sitting with a private banker or hedge fund as reaped record returns and bonuses since 2008, sucked directly from the blood of the working man. This is the greatest socialized wealth transfer human history has ever seen.
So please, Republicans, if you want my support, stop telling me that ending foodstamps and not paying taxes is going to take care of the 16 Trillion dollar tax liability and start telling me how all the white shoe folk connected to the bailout are going to chip in and give a little back.
I like Jay Z. He knows that without his country he is nothing. Without the people who buy his records and support him, he would be nothing. No one gave him a bailout, but he wants to give something back. Show me some Republicans who feel that way and win me over. I prefer most of their doctrine, but I'm not hearing what I need to hear.
Thanks kbit, I'm trying to understand this, who has done what to get these trading houses off the government dole and out of the US Treasury. Didn't Obama kind of get shut down on his regulation efforts when the Republicans took over the congress. I don't know anything, so please help me with the facts.
I confess I don't know it all either but the way I see it we got the Dodd-Frank bill from Obama and he considers it "fixed".
It is of course a total piece of legislative shit that NO ONE likes and solves nothing.
It seems to me that they should have just reinstated Glass-Steagall and put some banksters in jail to send a message but we got a bunch of Barney Frank garbage instead and no one is held accountable for anything.