I am officially launching a campaign to urge Barack Obama to pardon Bernie Madoff and appoint him treasury secretary of the United States of America.
Before you send me death threats, think about it. This is a guy that was able to perpetrate one of the largest Ponzi schemes in the history of the United States for decades.
We need this kind of experience in Washington DC! Bernie Madoff is a man that was able to win trust of his clients and urge them to invest large amounts of hard earned savings in his firm. He was able to successfully rearrange the numbers to show large returns on their investments and pay out huge bonuses even while the US was going through a tough recession. In the end, Madoff was unable to back up his investments and lost around 60 billion dollars of his investors money, but he graciously took the fall and didn't spread the blame.
This is the man our country needs in an age where we are running up huge trade deficits with foreign countries. Who would deny that our current social security system and medicare systems aren't gigantic pyramid schemes modeled after Enron and Madoff's investments? We are in the midst of feverishly trying to perpetuate our own enormous Ponzi scheme and this is the man Obama needs to tap into. Our GDP is 70% consumption which is far more than we are able to afford given out levels of production so we are purchasing foreign goods for consumption with borrowed money, often from the very country we are receiving imports from. If these countries wake up to the realization that we will never be able to pay up, then its lights out just like for Madoff's investors.
This is why we need Madoff's experience at a time like this.
