Bill Gross who, “runs the world’s biggest bond fund at Pacific Investment Management Co.” (source: Bloomberg) is a prime example of a floating turd. We have all experienced these little nuisances in out toilet, they just sit there on top and drift around the rim giving off a foul stench. They are useless and just annoying and they make us cringe.
So why is this the way I choose to describe Mr. Gross? Because Mr. Gross is a socialist unfit to live in America. He thinks that the government should nationalize the mortgage industry. Here are his exact comments:
“To suggest that there’s a large place for private financing in the future of housing finance is unrealistic,” Gross said today at a U.S. Treasury Department conference in Washington. “Government is part of our future. We need a government balance sheet. To suggest that the private market come back in is simply impractical. It won’t work.”
Yes, because the government has proven oh so capable of running so many things right Mr. Gross? The government we have is hemorrhaging red ink so fast that if it were you or I in our personal lives doing this we would be under a bridge huddled around a fire licking the bottom of a can of Spam for dinner.
Seriously, how can someone that thinks like this rise so far to the top? One would think that at some point in his career someone would have figured out that he has no real ability to think and kept him away from the control he currently has. Of course, often times people without brains do get promoted because they are getting paybacks from other people of similarly low intellects.
Mr. Gross, there is no authority for what you propose in the United States Constitution. What you propose is socialism. Socialism fails everywhere it either has been tried or is being tried. It will further fail everywhere where it will be tried in the future as well.
If anyone is invested in the bond fund this yo-yo controls I suggest running for the high grass and withdrawing your money immediately. If you don’t and with such idiotic statements as this apparently flowing from his mouth you may wake up one day to find him running down the middle of the street naked babbling about how he just invested everything into waffles; FRESH TASTY WAFFLES!
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