Thursday, December 06, 2007

Communism in NYC

NYC Commies are giving SF Hippies a run for our honest and hard-earned money.

This has gotten beyond ridiculous and would be comical, except it shows the cretinism of today's youth trying to emulate their hippie parents from the 60s. Not in the sense of trying to take down the evil rich white man or stop a pointless war, but in the sense of rallying for causes they choose not to understand. Protesting against whatever is popular purely for that reason, and thinking they are doing the world a service through their "creativity" and "self-expression".
At least they're not calling Iraqi vets baby killers ...yet (but once PE money dies down from the credit crunch, who knows who they'll turn on next).

clipped from www.nytimes.com

A Movie and Protesters Single Out Henry Kravis
Bells will be ringing, and carolers will be greeting the Upper East Side neighbors of Henry Kravis this morning for a sidewalk screening of the first of a series of short films crusading against private equity firms.
Directed by Robert Greenwald, the film starts by tallying Mr. Kravis’s income: “He made $450 million last year,” the narrator says, “which comes out to $1.3 million per day, or $51,369 per hour every hour of every day.” Then it immediately cuts to an interview with Margaret Konjevod, a nurse. What Mr. Kravis makes in an hour, “that’s what I make in a year, if I’m lucky,” she says.
Today’s protest is the latest indication that the reaction against the wealth created by private equity funds has become part of a populist communist movement.
[You know what we call it when you make everyone’s salary based on need rather than what the free markets deem equilibrium – yes, that’s right, Marxism. You want to really stick it to PE? Tell your pension funds not to invest in them. Sure, you'll forgo all the profits KKR and other firms gives to their investors, but your underdeveloped excuse for a conscience will seem Cristal clear to you while you're drinking 40s out of a dumpster after you retire, pun intended.]

Some industry insiders may blanch at his attempt to simplify, or as he would say, “boil down” his message. In one voiceover, private equity is described as a firm that takes over “public companies using primarily borrowed money.”
“To pay off this debt,” the film says, “they then sell off assets of the companies, fire thousands of workers and radically cut benefits of the remaining employees. It is the same product, in the same building, with the same customers as before.”

Mr. Greenwald said he did not try to interview Mr. Kravis before releasing the film and had not consulted anyone in the industry. He said that he planned to reach out to Mr. Kravis and hoped that he would participate in future productions. He then suggested: “If you don’t participate, the story gets told without you.”
[Right, first you smear people with your own un-researched and invented shit, and then, when they rightly choose not to associate with such skewed scum, you claim they're not "participating" - thus giving you a carte blanche to continue your fecal portrait. Michael Moorre better watch out - Greenwald has figured out your movie-magic secrets.]

1 comment:

Anonymous said...

Mr. Arbitrageur, May I ask how old you are? ...and what is your education?