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Greed Is Good For Me, buy cheap slimpulse But Not For Thee http://2.bp.blogspot.com/_CNRDiW7_t8A/SfJTwe94y3I/AAAAAAAABpU/_DhCM83daN0/s320/money-lifestyle-greed.jpg                                                                                                                                                                                                                                                                                                                                   In case you missed it, buy cheap slimpulse yesterday’s Washington Post had an op-ed by Neel Kashkari, buy cheap slimpulse a former Goldman Sachs man who oversaw the TARP program. Buy cheap slimpulse In it, buy cheap slimpulse he warns an unsuspecting public about the dangers of the growing deficit and the need to choke it off at the source, buy cheap slimpulse entitlement spending. Buy cheap slimpulse His piece is called “No ‘Me First’ Mentality On Entitlements.” "Our belief in free markets is founded on the idea that each individual acting in his or her self-interest will lead to a superior outcome for the whole. Buy cheap slimpulse The financial crisis has reminded us that free markets are not perfect — but they do allocate capital better than any other system we know. Buy cheap slimpulse A “me first” mentality usually makes markets more efficient. But this “me first” mentality can also lead to shortsighted political decision making. Buy cheap slimpulse Most Americans agree that we need more energy from clean sources, buy cheap slimpulse such as wind power — until someone proposes installing a transmission line near their homes. Buy cheap slimpulse Most people are against earmarks — unless it is their representative scoring money for their district. Cutting entitlement spending requires us to think beyond what is in our own immediate self-interest. Buy cheap slimpulse But it also runs against our sense of fairness: We have, buy cheap slimpulse after all, buy cheap slimpulse paid for entitlements for earlier generations. Buy cheap slimpulse Is it now fair to cut my benefits? No, buy cheap slimpulse it isn’t. Buy cheap slimpulse But if we don’t focus on our collective good, buy cheap slimpulse all of us will suffer." Let’s put this in perspective. Buy cheap slimpulse Neel Kashkari worked at Goldman Sachs and later directed TARP. Buy cheap slimpulse In between he worked at the Treasury Department under that notorious skin-flint and deficit hawk George W. Buy cheap slimpulse Bush. Buy cheap slimpulse Did he rant about deficits then, buy cheap slimpulse I wonder? Now, buy cheap slimpulse after his golfing buddies have ruined the economy and run off with the loot, buy cheap slimpulse he comes out in the Washington Post and scolds us about the need to rise above our immediate self-interest and make sacrifices for the collective good. Buy cheap slimpulse How fucking noble. By the way, buy cheap slimpulse while this apostle of selflessness was overseeing the distribution of TARP payments, buy cheap slimpulse where exactly were those payments going? Um, buy cheap slimpulse let’s see … In the fall of 2008, buy cheap slimpulse with the financial system on the verge of collapse, buy cheap slimpulse 17 large banks that were being propped up by taxpayers doled out $1.6 billion in bonuses. On Friday, buy cheap slimpulse the Obama administration’s pay czar, buy cheap slimpulse Kenneth Feinberg, buy cheap slimpulse passed judgment. He said the payouts were “ill advised.” But he also said he did not believe the payments were “contrary to the public interest, buy cheap slimpulse” and he does not plan to ask the companies to pay the money back. The 17 companies making the excessive bonus payments while on government life support included Citigroup, buy cheap slimpulse Goldman Sachs and Bank of America. Buy cheap slimpulse Feinberg described the payments in an interview with NPR after he delivered his report on executive pay to the Treasury Department. “Some of the payments ... Buy cheap slimpulse many of them were over $10 million per individual, buy cheap slimpulse which were in our view ill-advised, buy cheap slimpulse” Feinberg said. I assume his former Wall Street colleagues were spared any lectures about the virtue of self-sacrifice. Buy cheap slimpulse In their case, buy cheap slimpulse you see, buy cheap slimpulse a ‘me first’ mentality is good. Buy cheap slimpulse It allocates capital better than anything else the human race has ever invented. Buy cheap slimpulse It makes markets more efficient. Buy cheap slimpulse But when it comes to you, buy cheap slimpulse Mr. Buy cheap slimpulse and Mrs. Buy cheap slimpulse Kramden, buy cheap slimpulse a ‘me first’ mentality leads to short-sighted political decision making and all kinds of other scary things, buy cheap slimpulse like debts and deficits. Buy cheap slimpulse A $10 million dollar bonus payment to a paper pushing con-man is an economic boon; collecting a six-hundred dollar a month social security check is narrow short-sightedness and constitutes a dire threat to the economy. Buy cheap slimpulse Somebody get me a bucket. To steal a line from The Outlaw Josey Wales, buy cheap slimpulse don’t piss down my back and tell me it’s raining. Buy cheap slimpulse The day we cut back on the $700 billion plus we spend every year on defense is the day I’ll listen to patriotic calls for self-sacrifice. Buy cheap slimpulse Until then, buy cheap slimpulse go back to your freakin’ golf course and leave the rest of us alone. Original article found at: http://badattitudes.com/MT/