Patriotism Sen Biden? Have Raines Return His Fortune To Us
Written by: Aaron Katsman | September 19, 2008
So now we have Sen. Biden on the stump saying that it’s patriotic for people earning over $250,000 to pay more taxes. No need to run out and buy an American flag, (oh I forgot you guys threw yours out after the convention), rather just write a check to Uncle Sam, and you’ll have that 4th of July feeling all the time. Well why does sticking it once again to the taxpayer equal patriotism, Senator? Hundreds of billions of dollars in bailouts isn’t enough for you? You need to stick us with a higher tax bill?
Gimme a break. You want patriotism, I have a great idea. Why don’t you go to your economic advisor, Franklin Raines, and ask him to return the hundreds of millions of dollars he ‘earned’ while he drove Fannie Mae into the ground. how can someone who earns approximately $150,000 in a government position end up making over $100 million? And get thrown out for mismanagement?
His money certainly wasn’t earned based on his masterful performance, so the question is how did he make it? Sen. Biden, i won’t even think of opening up my checkbook in the name of ‘patriotism’ until your economic guru comes clean and returns his fortune to its’ rightful owner, the American taxpayer.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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