Tag Archives: billionaire

Sheldon Adelson plans to purchase the very best White House his money can buy

Posted on by

Daily Intel reports: Conservative casino magnate Sheldon Adelson has reportedly pledged a total of $35 million to three conservative nonprofits: the Karl Rove–linked Crossroads GPS, an unspecified group with ties to the Koch brothers, and a third affiliated with House Majority Leader Eric Cantor. This is in addition to the $10 million he gave to pro-Romney super-PAC Restoring Our Future last week… Sources say he’s ready to commit $100 million to right-wing causes and candidates this year.

Remember that $100 million to Sheldon Adelson is about $300 – $400 to an average family.

Additionally, John McCain said recently that Sheldon Adelson “is indirectly injecting millions of dollar in Chinese foreign money into Mitt Romney’s presidential election effort,” according to Josh Rogin.

Those facts would probably be reported more by the mainstream media, if all the billionaires didn’t own the mainstream media.

Billionaire Vice Chairman of Berkshire Hathaway: people in economic distress should “suck it in and cope.”

Posted on by

John Cole: The Fucking Balls on These People

Bailouts for me, but no “handouts” for thee:

Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc., defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.”

“You should thank God” for bank bailouts, Munger said in a discussion at the University of Michigan on Sept. 14, according to a video posted on the Internet. “Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies.”

Bank rescues allowed the U.S. to avoid what could have been an “awful” downturn and will help the country as it deals with the housing slump, Munger, 86, said. He used the example of post-World War I Germany to explain how the bailouts under Presidents George W. Bush and Barack Obama were “absolutely required to save your civilization.”

Maybe it is past time for this “culture” to die? I’ve long suspected/believed there is no God, but the fact that this prick didn’t choke to death on filet mignon at some point in the last year is all I need in the way of definitive proof.

The GOP are so worried about the tax cuts for people like this, yet were so willing to cut off the unemployment benefits to average Americans — and last week voted against loans for small businesses (except for two GOP senators). If you’re not personally a billionaire, you’d better think about that carefully when you’re ready to vote in November. NOTHING has trickled down. Or as Robert Reich asks: Who should get the tax cut — the rich or the rest of us?