Obama's Scapegoat "speculators"
These are a few of the "speculators" B.O. tried to smear during his Chrysler hissy-fit this week.
According to Bloomberg:
Columbus, Indiana-based Reams Asset Management bought Chrysler loans on behalf of 37 clients, including public pension funds in Seattle, Sonoma County, California and Baltimore County, Maryland. Reams also invested money for the Bill & Melinda Gates Foundation and the University of Kentucky, according to the court document.
Pension funds. Hear that you public employees? Barack Obama says you're speculators who need to knuckle under to his orders, stand behind unsecured creditors, and stop trying to get an "undeserved, taxpayer-funded bailout."
Of course, most of those who first knuckled-under were already the recipients of much larger, undeserved, taxpayer bailouts. B.O. didn't bother elaborating on that, just like he didn't bother pointing out that the people he was trying to muscle were just regular folks all over the country.
Learn from it, B.O. You are out of line on this one, and you're letting your ego get in the way of optimal decision-making.