Tuesday, July 12, 2011

A confession.

I'm a wine snob. I don't drink much wine these days, because I don't drink plonk and I can't afford the wines I love, which tend to be things like ancient Ports, aged Brunellos and, yes, $350 Burgundies. Thus, I tend more toward envy than outrage over the bottle spotted on Paul Ryan's dinner table recently. I can only hope he has the palate to appreciate it.

Still, it was outrageous, and DougJ focuses on the why...
But Paul Ryan was drinking $350 wine with a hedge fund guy while scheming to funnel Medicare money into tax cuts for hedge fund guys, and the hedge fund guy was paying for the bottle!

That’s bribery, plain and simple.
It ain't the wine, it's the why.

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Anonymous Terry Parkhurst said...

Maybe Congressman Ryan needs to see "Inside Job," the documentary on the financial implosion of 2008 or read Hank Paulson's book, "On The Brink" to understand that, while hedge funds might not have been all of the problem, they contributed a great deal. To more accurately phrase it, the incompetence and overreaching - commonly called "greed" - of most hedge fund managers, allowed things such as the bankruptcy of Iceland.

That reality gets lost on guys such as Congressman Ryan, who'd rather beat up on the people of Greece as poster boys and girls for what ails the economies of the world. Thing is, there's no one "smoking gun," so to speak, just as there's no panacea.

Journalists - real ones, not the hacks associated with Murdoch - need to keep bringing up that Congressman Ryan himself voted for the TARP (Troubled Asset Relief Program) and ask him why.

11:27 PM  

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