Joining the 1%

This from the February 14, 2014 Wall Street Journal:

“Now that Comcast Corp. has sealed a deal to buy Time Warner Cable Inc. for $45.2 billion in stock, its top executives face a new challenge: clearing formidable regulatory hurdles.

“Comcast Chief Executive Brian Roberts has spent the past five years making friends with the Obama administration… Mr. Roberts sits on a presidential jobs council (that’s been a real success now, hasn’t it?), has hosted President Barack Obama and top presidential adviser Valerie Jarrett at his Martha’s Vineyard  home and has also golfed with the president.”

In other word the deal’s in the bag. The Justice Department, under the corruptible hand of Mr. Holder, will make appropriate noises of protest but, in the end, the merger will be approved. Five years after he leaves office, Obama will suddenly, mysteriously, find himself rich. No there won’t be a check from Comcast, but Obama will get book advances, outrageous speaking fees, and stock options that will clearly elevate him into the 1%. And you can bet a lot of that money will have come, by the most convoluted of routes, from Comcast.

Another rags to riches story just like our original Trailer Park Boy, Bill Clinton.  The difference between a Democrat and a Republican?: A Republican may be rich when he enters office but a Democrat is always rich when he leaves.


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