Posted on 09/20/2012 7:55:10 PM PDT by Tailgunner Joe
Lloyd Blankfein may be top dog at one of the world’s most powerful banks, but that doesn’t mean he’s unaware of the everyday trials and tribulations of the so-called 99%.
The two goals of the economy should be to “expand the wealth of the world and to distribute [it] fairly,” the chief executive of Goldman Sachs Group Inc. told business leaders in Toronto.
“And I think in the United States over the last generation or two we’ve been much better at generating wealth and much less good at distributing it.”
In a question and answer session with Royal Bank of Canada chief executive Gord Nixon, Mr. Blankfein, who’s net worth is more than US$232-million, quipped that “I’m not saying … I’m a socialist,” and went on to link the recent social unrest in the U.S. to its poor performance in achieving the second goal.
The notion of wealth distribution, or more precisely “redistribution”, is a hot-button topic in U.S. politics this week. Wednesday, Republican presidential hopeful Mitt Romney slammed President Barack Obama for a speech he made 14 years ago in which he appeared to argue in favour of redistribution of income “at least at a certain level, to make sure that everybody has a shot.”
In an interview with Fox News this week, Mr. Romney declared, “We believe in free people and free enterprise, not redistribution” and is appearing to make this line a new plank of the Romney-Ryan presidential ticket.
(Excerpt) Read more at business.financialpost.com ...
No amount of redistribution of resources will ever change that life isn’t fair, Mr. Blankfein.
The Rothchild’s through Milner, along with Jacob Schiff Chairman of Kuhn and Loeb Bank (he gave $ 20 million in gold), Sir George Buchanan, the Warburg’s, the Rockefellers, partners of J P Morgan (He gave at least $ 1 million), Olaf Aschberg of New York NYE Bank of Stockholm, Sweden), the Rhine Westphalian Syndicate, a financier named Jovotovsky (his daughter later married leon Trostky), William Boyce Thompson ( A Director of Chase national bank, he contributed $ 1 million), and Albert H. Wiggin (President of Chase national bank), helped plan, finance and conducted it from New York through Jew Leon Trotsky @ Lev Davidovich Bronstein.
LMBO!!
The scumbag hypocrite, Blankfein, doesn't have to say it.
Obviously this guy knows darn well he is a socialist, maybe even a communist to need to say "I'm not saying - I'm a socialist".
I think he is referring to Obama's attack on Romney called 'OccupyWallStreet' is what he is calling our social unrest. Or maybe all those empty chair decorations across America.
To “distribute wealth”, other than through the normal conduct of commerce, is to destroy it.
Sticking by Obama keeps the DOJ away.
Lloyd, you’re free to redistribute your wealth any time you’d like!
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