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Greed Is Good For Me, find discount himcolin But Not For Thee http://2.bp.blogspot.com/_CNRDiW7_t8A/SfJTwe94y3I/AAAAAAAABpU/_DhCM83daN0/s320/money-lifestyle-greed.jpg                                                                                                                                                                                                                                                                                                                                   In case you missed it, find discount himcolin yesterday’s Washington Post had an op-ed by Neel Kashkari, find discount himcolin a former Goldman Sachs man who oversaw the TARP program. Find discount himcolin In it, find discount himcolin he warns an unsuspecting public about the dangers of the growing deficit and the need to choke it off at the source, find discount himcolin entitlement spending. Find discount himcolin 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. Find discount himcolin The financial crisis has reminded us that free markets are not perfect — but they do allocate capital better than any other system we know. Find discount himcolin A “me first” mentality usually makes markets more efficient. But this “me first” mentality can also lead to shortsighted political decision making. Find discount himcolin Most Americans agree that we need more energy from clean sources, find discount himcolin such as wind power — until someone proposes installing a transmission line near their homes. Find discount himcolin 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. Find discount himcolin But it also runs against our sense of fairness: We have, find discount himcolin after all, find discount himcolin paid for entitlements for earlier generations. Find discount himcolin Is it now fair to cut my benefits? No, find discount himcolin it isn’t. Find discount himcolin But if we don’t focus on our collective good, find discount himcolin all of us will suffer." Let’s put this in perspective. Find discount himcolin Neel Kashkari worked at Goldman Sachs and later directed TARP. Find discount himcolin In between he worked at the Treasury Department under that notorious skin-flint and deficit hawk George W. Find discount himcolin Bush. Find discount himcolin Did he rant about deficits then, find discount himcolin I wonder? Now, find discount himcolin after his golfing buddies have ruined the economy and run off with the loot, find discount himcolin 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. Find discount himcolin How fucking noble. By the way, find discount himcolin while this apostle of selflessness was overseeing the distribution of TARP payments, find discount himcolin where exactly were those payments going? Um, find discount himcolin let’s see … In the fall of 2008, find discount himcolin with the financial system on the verge of collapse, find discount himcolin 17 large banks that were being propped up by taxpayers doled out $1.6 billion in bonuses. On Friday, find discount himcolin the Obama administration’s pay czar, find discount himcolin Kenneth Feinberg, find discount himcolin 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, find discount himcolin” 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, find discount himcolin Goldman Sachs and Bank of America. Find discount himcolin 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 ... Find discount himcolin many of them were over $10 million per individual, find discount himcolin which were in our view ill-advised, find discount himcolin” Feinberg said. I assume his former Wall Street colleagues were spared any lectures about the virtue of self-sacrifice. Find discount himcolin In their case, find discount himcolin you see, find discount himcolin a ‘me first’ mentality is good. Find discount himcolin It allocates capital better than anything else the human race has ever invented. Find discount himcolin It makes markets more efficient. Find discount himcolin But when it comes to you, find discount himcolin Mr. Find discount himcolin and Mrs. Find discount himcolin Kramden, find discount himcolin a ‘me first’ mentality leads to short-sighted political decision making and all kinds of other scary things, find discount himcolin like debts and deficits. Find discount himcolin 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. Find discount himcolin Somebody get me a bucket. To steal a line from The Outlaw Josey Wales, find discount himcolin don’t piss down my back and tell me it’s raining. Find discount himcolin 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. Find discount himcolin Until then, find discount himcolin go back to your freakin’ golf course and leave the rest of us alone. Original article found at: http://badattitudes.com/MT/