Comments on: Short Sighted http://politicalirony.com/2012/07/30/short-sighted/ Humor and Hypocrisy from the World of Politics Mon, 20 May 2013 23:39:54 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Shitty politics « David's Slingshot http://politicalirony.com/2012/07/30/short-sighted/#comment-208160 Shitty politics « David's Slingshot Fri, 10 Aug 2012 05:18:26 +0000 http://politicalirony.com/?p=11906#comment-208160 [...] the value of US Treasury bills, and increase the value of his investment. Someone so shitty as to actively plan to hurt the country for personal profit has no right to represent its [...]

]]> By: Dan http://politicalirony.com/2012/07/30/short-sighted/#comment-207809 Dan Mon, 30 Jul 2012 21:03:18 +0000 http://politicalirony.com/?p=11906#comment-207809 The Economy will never improve so long as Republicans hate Obama more then the love their country. Hey, why not make a couple bucks off it. I’m thinking the the chance of America defaulting should be slim to none, so like any bet on a long sho,t winning should bring a pretty healthy return on the dollar.

]]> By: David Freeman http://politicalirony.com/2012/07/30/short-sighted/#comment-207803 David Freeman Mon, 30 Jul 2012 17:47:55 +0000 http://politicalirony.com/?p=11906#comment-207803 “could shoot up dramatically” sounds significant but I have no idea what it means. What about their other investments? That $15k would have to go up by orders of magnitude to impact these fat cats even assuming that their other investments remained static and did not plummet for the same reasons that the shorts rose.

Josh Mandel’s family net worth is about $7.4 million. According to June 14 Financial Disclosure Forms, Eric Cantor had a net worth of at least $3 million.

I still say you’re stumbling over a mole hill among the mountains. But ’nuff said , I’m tired of defending the indefensible for being only slightly less reprehensible than you think :-)

]]> By: Iron Knee http://politicalirony.com/2012/07/30/short-sighted/#comment-207801 Iron Knee Mon, 30 Jul 2012 17:15:56 +0000 http://politicalirony.com/?p=11906#comment-207801 Mandel was required to disclose the approximate size of his investment, but it is also known that his wife has a similar investment, and we don’t know the size of it.

Also, even though the investments of Mandel and Cantor seem relatively small (less than $15K), their value could shoot up dramatically if the US defaults.

And finally, how does the size of the bet matter? I don’t care if they only bet $1 (like the gentlemen’s bet in “Trading Places“). Politicians should be concentrating on improving the economy of their country, not betting against it.

]]> By: David Freeman http://politicalirony.com/2012/07/30/short-sighted/#comment-207800 David Freeman Mon, 30 Jul 2012 16:54:54 +0000 http://politicalirony.com/?p=11906#comment-207800 Calling this “the height of cynicism and hypocrisy” doesn’t leave a lot of room overhead for the truly mendacious habits of rupugnican politicians.

In both cases, Mandel and Cantor, less than $15000 is invested. I’m no financial wizard but that sounds like a pretty modest hedge bet. Even if that less than $15001 bet does “shoot up in value” the profits are likely offset by losses in other investments.

IMHO they’re both horses asses but not for this. Cantor is dumb as a rock but surely his bet would have been larger if he had really planned to tank the economy for personal financial gain.

With all the mountains of shit they’re saying, why point out this mole hill?

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