As we’ve witnessed over the last number of years, de rigueur among a subset of the 0.001 percent is to describe the president, the current administration, Democrats in general, and any person or group doing lefty-type things (e.g. so much as thinking about raising taxes) as reminding thema lotof Adolf Hitler. (Generally the accusation is about Hitler-esque actions but presumably someone has or is dying to note the uncanny physical resemblance.) Often times, such statements are subsequently walked back after a PR person or close advisor is able to convince the billionaire question that while his opinions are totally valid and of the utmost importance, others might struggle to see the parallels between progressives and genocidal maniacs. Home Depot founder Ken Langone is no such billionaire.
To those who would take issue with his comments in March in which he “compared progressive talking points on income inequality to Adolph Hitler’s talking points in 1930s Germany,” Langone has three words and spoiler alert, they’re not “Geez, I’m sorry.” But rather: Read more »
“I hope it’s not working,” Ken Langone, the billionaire co-founder of Home Depot and major GOP donor, said of populist political appeals. “Because if you go back to 1933, with different words, this is what Hitler was saying in Germany. You don’t survive as a society if you encourage and thrive on envy or jealousy.” [Politco via Daily Intel]
“A lot of the New York industry is bankers. And I like them individually…I keep my money in the bank. I love them to keep it safe. But that said, the kind of hullabaloo that it caused and what we call in the industry, the sh*tstorm of press that happened after it, was imminently regrettable.” [BloombergTV, earlier]
Last November, hedge fund manager Leon Cooperman penned an “Open Letter To The President Of The United States of America,” in which he detailed the many ways Barack Obama was pissing him off. The Omega Advisors founder accused the President (and his “minions”) of engaging in class warfare, expressed disbelief that he could attack “capitalists who…fill store shelves at Christmas” and still sleep at night, and advised Obama to “eschew the polarizing vernacular of political militancy,” lest he lose Cooperman’s vote the next year. While LC says that he received a major outpouring of support for his words (“[he] keeps a bulging manila folder of congratulatory notes in his office”), others were less than pleased at what they saw as a guy who has actually done pretty okay under Obama lashing out because his feelings were hurt on the occasions the president was perceived to have a “tone” in his voice when discussing the mega-wealthy (“If I knew where you lived, I’d put a bomb in your car,” one person wrote Cooperman to say).
Similarly, Cooperman’s suggestion, made publicly several times, that America should be worried about the startling parallels between Obama’s rise to power and that of Adolf Hitler,* was met with mixed reviews, including one by his wife in which she called him a “schmuck.”
And while some** have found it preposterous that Cooperman would paint himself as a victim of Obama, their astonishment speaks to not knowing the whole story, i.e. exactly what this man- no, this monster- did to Leon, and why he is not fit to be President of the United States of America. Read more »
Earlier today, Bridgewater Associates founder Ray Dalio sat down with Andrew Ross Sorkin for a wide-ranging chat about QE3, China, gold, American competitiveness, monetary policy, and his general outlook on life and the economy. While there are a whole bunch of issues that Dalio could be worried about, his biggest fear? “Social disruptions” that could pave the way for a Hitler-esque guy or girl coming to power. Read more »
Remember, back in November, when Mario Batali provoked the ire of many a financial services employee when he said that “the ways the bankers have kind of toppled the way money is distributed and taken most of it into their hands is as good as Stalin or Hitler and the evil guys”? Kind of silly of to ask if you can jog your memory that far back, since if you’re one of the thousands that responded by vowing never to set foot in one of that bastard’s restaurants ever again (and made certain others wouldn’t as well, by noting in reviews that “fingernails” and “dog hair” were preferable to his food) you not only remember but think of that day, and stew over it, with every waking moment. And in the days and the weeks and the months since, you have waited for your moment to give him a taste of his own medicine, i.e. likening some of his questionable actions to those of genocidal maniacs. That moment has come. Read more »
Earlier today, Forbes writer Jeff Bercovici reported that last night at the Time magazine Person of the Year debate, restaurateur Mario Batali likened the banking industry to “Stalin or Hitler,” Joe and Adolf, respectively. The collective members of the banking industry did not take this well. They banned expensed lunches at all of Batali’s eateries, took to Bloomberg’s restaurant review pages to express their outrage and vowed not to line his pockets with another dime, while also taking shots at Mario’s signature and beloved orange Crocs. Moments ago, Batali choose to take to the airwaves with a response to the backlash. While he would have received credit for kicking things up a notch with an ice cold “You won’t be missed” or “Apologies…for failing to mention another luminary you remind me of, the late, great Benito Mussolini,” he choose to go with this: Read more »