President Obama and the business community have been at odds for months. But in July the chairman and cofounder of the Blackstone Group, one of the world’s largest private-equity firms, amped up the rhetoric. Stephen Schwarzman—the leading John McCain supporter in a firm that, in 2008, gave more money to Obama—was addressing board members of a nonprofit organization when he let loose. “It’s a war,” Schwarzman said of the struggle with the administration over increasing taxes on private-equity firms. “It’s like when Hitler invaded Poland in 1939.” [Newsweek]

16 comments (hidden for your protection)
Show all comments ↓

Comments (16)

  1. Posted by Anonymous | August 16, 2010 at 11:03 AM

    Dear, dear. It’s not fun when you can’t exploit tax rules, is it, Steve? I’m sure if you call Buffett you can get some Billionaire’s Misery Club going so your voice can be heard.

  2. Posted by Anonymous | August 16, 2010 at 11:09 AM

    @1 stfu back office.

    -PE

  3. Posted by Texashedge | August 16, 2010 at 11:15 AM

    Taxing carry at income rate = the Katyn Massacre

  4. Posted by Anonymous | August 16, 2010 at 11:17 AM

    money still cant buy class

    needledick @2 – congrats, want a cookie?

  5. Posted by FQuant | August 16, 2010 at 11:18 AM

    What a whinner!
    These assclowns with crap track records want large management fees, tax breaks, etc. I still fail to understand how they can raise money?

  6. Posted by Anonymous | August 16, 2010 at 11:26 AM

    That’s the picture of him showing a newly minted CFA how to keep a doggy-style sex partner from hearing your high pitched, Ray-J “O” whine just at THAT moment.

  7. Posted by Anonymous | August 16, 2010 at 11:47 AM

    Weird. That’s also how girls describe sex with me.

  8. Posted by Anonymous | August 16, 2010 at 12:01 PM

    @5

    the force of PE is strong – you want to say whiner but unconsiously you crave being in PE, hence you type whinner..

    we PE guys play you like a violin, and in your case, its a sad tune

  9. Posted by Anonymous | August 16, 2010 at 12:07 PM

    You tell him #8

  10. Posted by Anonymous | August 16, 2010 at 12:12 PM

    5 = JC Penney accounts payable quant

  11. Posted by plang | August 16, 2010 at 12:42 PM

    makes you wonder why anyone would be dumb enough to invest with blackstone…

  12. Posted by Anonymous | August 16, 2010 at 12:54 PM

    Does this make it okay to do Nazi Germany reversal jokes now?

  13. Posted by Anonymous | August 16, 2010 at 12:56 PM

    @7 Zing!

  14. Posted by A Guest Below | August 16, 2010 at 1:42 PM

    That Hitler defense never gets old.

  15. Posted by Anonymous | August 16, 2010 at 1:53 PM

    @12 – In Nazi Germany, $400 crab legs exterminate you!

  16. Posted by Anonymous | August 16, 2010 at 2:24 PM

    First they came for the crab legs…