Monday, March 16, 2009

What's the Difference?

Bernie Madoff is to billionaires as Barack Obama is to the rest of us

What's the difference between what Madoff did and what Obama is doing, really?

We have a guy who ran a ponzi scheme that stole billions of dollars from people to fund who knows what.

Granted the American people elected him President, but compare what Barack Obama is doing to what Bernie Madoff did and I fail to see a substantial difference beyond Obama having a "mandate" from voters and Madoff not having one.

Both Madoff and Obama have put people out of work.

Both Madoff and Obama have destroyed the financial health of lots of people.

Both Madoff's and Obama's schemes have convoluted accounting schemes designed to obfuscate the criminal mismanagement of other people's money.

The difference is that Madoff did it to powerful billionaires who are now millionaires. Obama did it to the rest of us.
by Erick Erickson

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