Recently I was unfortunate enough to hear the unmitigated arrogance of President Barack Obama and hapless Senate Majority Leader Harry Reid, D-Nev., opine on the financial losses and mismanagement of JP Morgan.I can dig it.
Let’s review the government’s recent management expertise: General Services Administration? (taxpayer-financed Vegas junkets); Secret Service? (Hookers galore); Fannie Mae and Freddie Mac? (billions of taxpayer dollars); The U.S. Postal Service? (Solyndra solar panels).
The government’s managerial expertise has cost taxpayers billions. JP Morgan has cost its shareholders billions, but it has cost taxpayers nothing. In addition, heads rolled at JP Morgan.
It is high time we elect a businessman for the White House.
Friday, May 18, 2012
From the letters to the editor at the Orange County Register, "So many reasons to dump Obama and Co.":