Yet another former Republican Speaker of the House, professional hypocrite Newton Leroy Gingrich (who led the impeachment effort against President Bill Clinton on morals charges while cheating on his wife while she was dying of cancer), said that if it weren’t for the disdain that the country has for Donald Drumpf, they would better understand Cruzifer and what it’s like to work in his sulfurous presence.
Tune into any of the three major business news channels and you’ll be treated to an endless parade of “experts” framing that day or week’s trading activities with narratives that, on the surface, seem to explain what’s driving the market at any given time. But after a couple of decades of watching these people, I’ve concluded that a great deal of their “analysis” is simply designed to keep the rubes in the game by providing seemingly “rational” explanations for what are largely high frequency, computer driven trading schemes that use “dark pools” of money and others forms of subterfuge to separate investors from their money.
Corporate Welfare Queen, GE CEO Jeffrey Immelt During his 1976 presidential campaign, Ronald Reagan captured the public’s imagination by creating a cultural icon: a rich, Cadillac driving Welfare Queen (code for “Black”) to symbolize all welfare recipients as manipulative fraudsters out to game the system at taxpayers’ expense. His pogrom against the poor came to fruition when President Bill Clinton …
