KILL THE RICH AND LET GOD SORT THEM OUT

THE POOR COMPLAIN THAT THEY ARE GOVERNED BADLY. THE RICH COMPLAIN THAT THEY ARE GOVERNED AT ALL; said G.K. Chesterton. Well, not much to complain about for the rich with BUSH THE LESSER. As we sit back and watch more and more corporate crime and THE BUSH THE LESSER administration’s collusion and in many instances participation in these crimes; where is the anger?

The most recent investigations by New York Attorney General Eliot Spitzer into mutual fund fraud by a slew of illegal trading machinations by investment companies such as Janus and Bank of America for their rich clients at the expense of the average investor should outrage us all. Spitzer recently said; “they have utterly betrayed the American public.”

When you have friends like BUSH THE LESSER passing laws and making appointments that simply make it easier for the rich to exploit the rest of us it is amazing that so many working people, so many middle class voters continue to vote Republican. Hey, as Bruce Grocott commented about honest work; I HAVE LONG BEEN OF THE OPINION THAT IF WORK WERE SUCH A SPLENDID THING THE RICH WOULD HAVE KEPT MORE OF IT FOR THEMSELVES.

The latest anecdote of Republican greed comes from Putnam Investment’s chief executive officer, Lawrence Lasser, who was just ousted amid charges of fraud involving what seems to be ubiquitous practices of improper trading procedures that by law are illegal but investment houses have allowed the rich to get away with if not facilitated.

Lasser allegedly allowed and participated in insider manipulation of international funds and insider in and out trading at the expense of average clients. Because of an employment agreement Lasser could get an extra $31.7 million from Putman as a result of his ouster. This, at the expense once again of the average investor. These severance costs related to Lasser’s departure alone could trim about 4 cents a share from Lasser’s companies net fourth quarter income report.

Where is the anger? Do we really believe as William Feather says that THE PETTY ECONOMIES OF THE RICH ARE JUST AS AMAZING AS THE SILLY EXTRAVAGANCES OF THE POOR.