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]
The early consensus among New Jersey Gov. Chris Christie’s many Wall Street supporters is that the George Washington Bridge flareup has hurt him but barring any new revelations, it will not derail his possible presidential candidacy in 2016. […] “As I hoped and expected, Governor Christie was forthright, sincere, seriously embarrassed and unequivocally apologetic,” Ken Langone, co-founder of Home Depot and a major Christie Wall Street supporter, told me in an email from Vietnam. [CNBC]
As you may have heard, recently some JP Morgan shareholders have been making a lot of noise about their desire to strip Jamie Dimon of his gig as JP Morgan Chairman. Their argument centers largely on last summer’s incident in which one of the bank’s employees lost $6+ billion on a trade. So far the board has rallied behind JD, but until today, we hadn’t what veterans of the business community thought of the matter.
What, for instance, is Ken Langone’s reaction to the idea that Jamie can’t hold down two jobs at the same time? It’s horse shit, is what! Read more »
At the private air terminal at Logan Airport in Boston early Wednesday, men in unwrinkled suits sank into plush leather chairs as they waited to board Gulfstream jets, trading consolations over Mitt Romney’s loss the day before. “All I can say is the American people have spoken,” said Kenneth Langone, the founder of Home Depot and one of Mr. Romney’s top fund-raisers, briskly plucking off his hat and settling into a couch…As the morning wore on at Logan Airport, more guests from Mr. Romney’s election-night party at the Boston Convention and Exhibition Center trickled in, lugging garment bags and forming a small line at the security checkpoint. “It’s going to be a long flight home, isn’t it?” said one person, who asked not to be identified. The investor Julian Robertson, who held fund-raisers for Mr. Romney and gave more than $2 million to a pro-Romney super PAC, arrived with several companions. Mr. Robertson spotted an acquaintance: Emil W. Henry Jr., an economic adviser and a fund-raiser for Mr. Romney, to whom Mr. Robertson had offered a ride on his charter. “Aww, group hug,” Mr. Henry said. [NYT]
“I’m going to be very political. If we change the faces in the White House, we’re on the road to recovery. I believe it’s that simple. We need leadership, we need cheer leading, we need encouragement. We need businessmen and ‘fat cats’ to feel like they’re doing something good, not that they’re villains and not that they’re criminals.” Read more »
Ken Langone popped by CNBC earlier this morning to guest host Squawk Box with Becky, Joe and Andrew Ross Sorkin. Is he worried about the debt ceiling? No. “It’s a done deal,” Langone told the gang. “They don’t know it yet, but it’s taken care of.” There is something Ken is losing sleep over, however, and it’s the fact that President Obama doesn’t always wear a jacket in the Oval Office. Read more »