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News for Norther Colorado and the world

Sunday, November 23, 2014

Sympathy for the rich

national memo1 300x24 Sympathy for the rich

 

 

Pity the poor plutocrats.

By Gene Lyons

lloyd blankfein Sympathy for the richWhat with Mitt Romney’s presidential campaign having come to an ignominious end, new champions have been called forth lest mobs of pitchfork-waving grandmas and torch-bearing old men rendered fearless by Dentu-Grip breach the walls of their elegant suburban redoubts.

One such hero is Lloyd Blankfein, the universally revered CEO of Wall Street investment bank Goldman Sachs. At least that’s how anchorman Scott Pelley presented him in a November 19 CBS News interview. Adopting a tone of awed deference most often reserved for British royalty and Hollywood actresses with breasts bigger than their heads, Pelley depicted Blankfein as “one of the world’s most influential bankers.”

Who better to advise the nation how to avoid the dread “fiscal cliff”—the latest phony, made-for-TV Washington melodrama? The great man even permitted CBS cameras into the Goldman Sachs trading floor, which Pelley treated as a signal honor.

A bunch of guys in neckties sitting in front of computer screens, in case you missed it. It could have been the sports betting room in any Las Vegas casino, essentially a high-tech bookie joint.

“When we asked Blankfein how to reduce the federal budget deficit,” Pelley said “he went straight for the subject that politicians don’t want to talk about.”

To guys with multimillion-dollar salaries, see, the deficit qualifies as the nation’s Number One Problem. Never mind the millions out of work, … READ MORE

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