President Barack Obama should pardon Bernie Madoff, a fellow dedicated Democrat, or at least apologize to him out of professional courtesy. You see, they are both masters at the same type of Ponzi Scheme, and have very similar tactics and philosophies. They also happen to have the same political party affiliation, The Democrat Party. You know them, the Robin Hood's of the political world who love stealing from the rich to give to the poor, supposedly. The party that believes in robbing Peter to pay Paul, knowing that this will almost always guarantee Paul's eager vote. President Obama and Bernie Madoff both believe in redistributing wealth, spreading the wealth around, if you will.
President Obama and Bernie Madoff have an immeasurable amount in common. Both believe in soaking the rich to accomplish their goals and achieve their power. Both are known to be extremely generous with other people's money, the very same money they've snookered people out of, and both are famous for making promises that they can't, in the long term, keep. Both tactically use money that doesn't really exist, and like any true Ponzi-scheme, the last people holding the bag are rewarded with seeing the proverbial feces hits the fan.
The original beneficiaries of Bernie Madoff's and Barack Obama's tactics, like in all pyramids, come out quite well. They get exactly what was promised to them, thereby causing such excitement at the miraculous results that it creates extraordinary demand for them, peaking at near messiah-like worship. The stimulus-bailout torch burns brightly for those in the front of the line, but becomes dimmer and dimmer, as it's passed back to the suckers in the back of the line.
Mr. Madoff, like Mr. Obama, only took money from rich people, fat cats, millionaires, evil private jet owners, those that can afford to get bilked. Both have account minimums, a status symbol used to create the illusion that only the select elite will be allowed to participate. In Obama's case, it seems to be around $250,000 (for a couple, but only $125,000 for an individual filer) Madoff's, reportedly, was a cool million.
Obama and Madoff both like to hob-knob with the rich, famous, and influential of society, maintaining social networks that would put Donald Trump to shame. Their legendary early results spread like a virus among the privileged few.
Madoff devastated charities that had trusted him for his legendary investment prowess. President Obama will devastate charities with his proposal to vanish charitable tax deductions for the well-healed.
The major difference? One is behind bars, and one is still actively employed, planning new types of schemes to solve such "perceived" problems as global warming and economic inequality. The road to hell is paved with good intentions.
Madoff and Obama both held prestigious positions, enhancing their credibility prior to their meteoric rise to power. Madoff was the head of the NASDAQ (now FINRA), Obama was a junior senator from the squeaky-clean State of Illinois. Everyone knows that if you can't trust a Chicago politician, who can you trust?
Both are phonies with a lot of gullible, greedy followers. Madoff pretending to be a brilliant professional investment guru, and Obama, pretending to be the President of the United States.
After Barack Obama's term is up, that burning torch will be passed onto the unfortunate next generation, having burnt down to expose the ticking, debt-bomb, which will then explode into a trillion pieces. And the last thing on these former children's collective minds will be the chanting of their blindly naive, duped parents, "Yes we can!"
This post is also published at: http://thefreedompost.blogspot.com