...and said 'Jon, what do you think we should do' ?
The reason we called Jon is because we knew he knew about the economy..."
That's Clueless Joe Biden speaking on behalf of Crooked Jon Crozine. The man who, after almost destroying New Jersey by digging a bottomless bit of irretrievable debt, went into the private sector and destroyed a 100 year old company (and who knows how many lives), by buying an irredeemable amount of irretrievable debt. All of which - both times - Corzine did with other people's money.
Which of course explains why the nation as a whole is where it is now. Did Obama intentionally seek out the worst advice he could find? Or was he simply willing to only listen to the counsel of his ideological siblings (and his #1 Wall Street campaign bundler)? Or, did every sane economist hop into their cars and drive away as soon as the White House came up on their caller ID, leaving Obama and Clueless Joe with only Jon Corzine and Paul Krugman?
Here's the video, via JWF. We can ponder the reasons as we dress in pickle-barrels and warm ourselves with refuse fires in garbage cans...
UPDATE: I, for one, will not be happy until Crooked Jon is in prison. Wonder how hard the Obama administration will try to prevent that from happening? But it may be too late to close the barn door on this animal:
The $633 million in missing client funds from Jon Corzine’s now-bankrupt firm MF Global appears to be a result of a “massive hide-and-seek ploy,” a US Commodity Futures Trading commissioner said yesterday.
“This isn’t just a lost-and-found inquiry; it’s a full-on effort to get to the bottom of what appears to be a massive hide-and-seek ploy,” said CFTC commissioner Bart Chilton said in disclosing the MF investigation.
“It’s a distinct possibility, some would say probability, that somebody has done something with the money, and that it’s not going to be ‘all of a sudden discovered’ with an innocent explanation,” Chilton wrote. “If that’s the case, it’s patently illegal. I don’t know yet. Our investigation will uncover that, and we’re aggressively pursuing this.”