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Thu Nov 29, 2012, 08:41 PM

Lloyd Blankfein, you are unbelievable. (And I don't mean that in a nice way)

Goldman Sachs CEO The Latest Hypocrite With Terrible Fiscal Cliff Ideas
The Huffington Post | By Mark Gongloff

We've said it before, and we'll say it again: There is no reason to care what corporate CEOs think about the budget deficit, because they are hypocrites with terrible ideas.

Or, as FT Alphaville's Cardiff Garcia put it yesterday, only funnier and more succinctly:

Cardiff Garcia ‏@CardiffGarcia

Presenting a comprehensive list of reasons that people should care what CEOs say about the fiscal cliff: 1. ___ 2. ___ 3. ___ 4. ___. Done.

Case in point: Lloyd Blankfein. The Cephalopod-In-Chief of Goldman Sachs, sounded off on the fiscal cliff in an entirely reasonable-seeming way, after a meeting with President Obama on Wednesday. Sure, he said, OK, he could accept higher marginal tax rates for wealthy people like himself.

I would prefer as low of a marginal rate as possible because its the marginal rate that provides the incentive to do incremental work by people," he told CNBC, cable TV's go-to channel for fiscal-cliff panic, "but Im not dogmatic I wouldnt go to the end for that." ...................(more)

The complete piece is at: http://www.huffingtonpost.com/2012/11/29/lloyd-blankfein-fiscal-cliff_n_2211709.html

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