The Market Ticker
Commentary on The Capital Markets- Category [Politics]

Darn I tell you, the bought don't stay bought....

You'd think that rich political donors would be celebrating. But the Supreme Court's decision to lift limits on political giving is actually making some donors miserable.

"This is bad news," said Jim Chanos, the hedge funder and frequent donor to Democratic politicians.

The reason? Now that there are fewer limits on giving, politicians and parties are going to get far more aggressive in shaking down the rich for campaign cash. While some are calling it the "Great Sellout," it is also going to become the "Great Shakedown."

Oh really?  Cry me a river.

Here's a suggestion to all those "fine people" -- perhaps you should have considered the consequences of your actions before undertaking them.  Like, for example, whether a bought-and-paid for litany of special exemptions "just for you" might blow up in your face one day.

Well, now it has and is.  Tough crap.

There is a well-known reality when it comes to knuckling under to anyone who makes threats or tries to extort you in any sort of way, whether legal or not: If you say yes the demanded "ransom" to either get what you want or stop them from doing what they threaten to do will continually ratchet up until you are out of resource to plunder.  

This is why the smart person never engages such people, and instead always says "go sit and spin, jackass." You never win by paying off someone who tries to extort something from you no matter what the threat it is or how trivial it seems to be at the time.

So with that in mind here's a new suggestion that I have found great relief in over the years: Do a bit more exercise.

Specifically, exercise the muscles that extend your middle finger more often.

View this entry with comments (registration required to post)
 

Main Navigation
Full-Text Search & Archives
Archive Access
Get Adobe Flash player
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.