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David Sirota: When you're in, you're in

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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 08:15 AM
Original message
David Sirota: When you're in, you're in
Friday, April 10
David Sirota
Feeling sorry for yourself? Struggling to get by? Wondering how you can get a bailout? Well, stop moping, because it's not too late!

I may not have Suze Orman's verve or Billy Mays' voice. But I've discovered a revolutionary risk-free investment plan straight from those who brought us the economic meltdown. So in this column-fomercial, I won't waste your time with Ginsu knives or cash-for-timeshare schemes — I'm going to help make you rich beyond your wildest dreams!

Look, we've all heard about Wall Street's losses. But you probably didn't hear about Corporate America's newest sure thing: a path to financial freedom far more reliable than any decent-paying job. It's something so old-fashioned that even amateur investors can understand it!

It's called graft — a surefire wealth creator that takes your investments, modifies laws, and delivers returns that the best stock trader could never dream of. This is the ShamWow of strategies, the Flowbee of economics, the Ronco of investing. Just look at the profits it generates!

In the last decade, the financial industry's $5 billion investment in campaign contributions and lobbyists resulted in deregulation, which delivered trillions to executives. And when the bubble burst, there was another boatload of free money! By Bloomberg News' account, $12.8 trillion worth of taxpayer loans, grants and guarantees — all to Wall Street!

But wait ... there's more!
The Associated Press this week reports that "companies that spent hundreds of millions lobbying successfully for a tax break enacted in 2004 got a 22,000-percent return on that investment" — $100 billion in all. That could be you!

Of course, the secret is investing heavily in specific political stocks.

For example, the banking industry recently paid Rahm Emanuel $16 million for about two years of work. That investment was recently paid back when, as President Obama's chief of staff, Emanuel led the January campaign to release another $350 billion in bank bailout funds. Turning a $16 million down payment into a $350 billion payout — that's huge!

Likewise, Goldman Sachs hired former Senate aide Mark Patterson as one of its lobbyists — an investment that proved a huge winner when Patterson became the Treasury Department's chief of staff and the agency subsequently killed proposals to limit executive compensation at bailed-out banks. Cha-ching!

And the hedge fund industry paid economist Larry Summers $5.2 million in 2008 for part-time work — an investment that hit pay dirt when Summers became Obama's top economic aide and the administration resisted tough international hedge fund regulations that some G-20 countries wanted. Show me the money!

That's right, the surest way to make big cash is not to invest in people with proven business experience or in valuable entrepreneurial ventures, but in blue-chip members of Permanent Washington — career politicos and bureaucrats who inevitably get back into positions of power and payback!

Now I know you think that I sound like the guy in the question-mark suit and that my plan seems like a scam. But it's perfectly legal!

So how much would you pay for this kind of opportunity? $100 trillion? $50 trillion? What if I said you could get all this for just a few billion in pocket change? Because that's all it takes to start no-risk investing! It's that easy!

Why let the corporate guys make all the money off government? Why waste time working for companies that make stuff when you can buy the one company that simply prints cash?

Order now and try my product! It's not available in stores, but if you call within the next 15 minutes, we'll throw in free congressional and White House phone directories valued at $49.95! Operators are standing by!

http://www.benningtonbanner.com/opinion/ci_12113953
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 08:21 AM
Response to Original message
1. Oh Very Good!. . . . k&r.. . .n/t
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 08:29 AM
Response to Original message
2. That's about the size of it. nt
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 09:02 AM
Response to Original message
3. K&R....
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pleah Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 09:06 AM
Response to Original message
4. K&R
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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 10:51 AM
Response to Original message
5. Pay attention all you true believers. You're being taken for a
fucking ride and it's not even in a limo for all the money you and your children and grandchildren and great-grandchildren owe for this shit:

<snip>

For example, the banking industry recently paid Rahm Emanuel $16 million for about two years of work. That investment was recently paid back when, as President Obama's chief of staff, Emanuel led the January campaign to release another $350 billion in bank bailout funds. Turning a $16 million down payment into a $350 billion payout — that's huge!

Likewise, Goldman Sachs hired former Senate aide Mark Patterson as one of its lobbyists — an investment that proved a huge winner when Patterson became the Treasury Department's chief of staff and the agency subsequently killed proposals to limit executive compensation at bailed-out banks. Cha-ching!

And the hedge fund industry paid economist Larry Summers $5.2 million in 2008 for part-time work — an investment that hit pay dirt when Summers became Obama's top economic aide and the administration resisted tough international hedge fund regulations that some G-20 countries wanted. Show me the money!

<snip>

And they said Reagan and bush** packed their administration with sleezeballs, liars, and thieves. They were pikers next to these guys.
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alarimer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 11:23 AM
Response to Original message
6. Lobbying is simply legalized bribery.
The people do not have representation.
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ihavenobias Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 12:44 PM
Response to Original message
7. K & R n/t
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 07:09 PM
Response to Original message
8. They got the best government money could buy.
Let's see if they can keep it.
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