Tuesday, May 5, 2009

It's over kids. PIMCO's Bill Gross spells it out.

For the benefit of the slow kids in class, PIMCO's Bill Gross, registered Republican and Obama voter, speaks slowly and enunciates the end of the era of libertarian capitalism:
If one had any doubts, a quick, even cursory summary of President Obama’s comments announcing Chrysler’s bankruptcy filing would suffice. “I stand with Chrysler’s employees and their families and communities. I stand with millions of Americans who want to buy Chrysler cars (sic). I do not stand…with a group of investment firms and hedge funds who decided to hold out for the prospect of an unjustified taxpayer-funded bailout.” If the cannons fired at Ft. Sumter marked the beginning of the war against the Union, then clearly these words marked the beginning of a war against publically (sic) perceived financial terror.

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