Apparently the president's reelection campaign thinks this is a winning issue, but it will backfire. Everybody loves Big Bird, but does he still deserve corporate welfare? This is an instructional example of Obama's penchant for crony capitalism.
It also demonstrates that there is no government program that he would cut, except for defense spending.
How can Obama rail against the one percent, and then turn around and seriously suggest that the very wealthy and well to do Children's Workshop still deserve millions of tax payer dollars?
At the end of fiscal 2011, Sesame Workshop and its subsidiaries had total assets of $289 million. About $29 million was held in cash and "cash equivalents," mainly money-market mutual funds. Another $121 million on the balance sheet was held in "investments." According to the accompanying notes, these investments included stakes in hedge funds and private-equity funds. It's unclear from the financial statements if Big Bird has ever invested in funds run by Bain Capital, founded by Mitt Romney, but no doubt Sesame would be welcomed as a client by many investment managers.Maybe the president did spend Bill Maher's million dollars on pot? Getting stoned and watching Sesame Street probably inspires all sorts of whacky economic policies. Foreign policy too! The take away lesson is that it's ok to be a one percenter as long as Obama likes you.
So Big Bird likes to maximize revenues and investment gains as much as the next muppet. And now the President has made this adorable critter the symbol of federal programs that allegedly require eternal taxpayer aid, even if it has to be put on the future tax bill of today's pre-schoolers. Is that funny?
I think it says volumes about Obama's personality, and character flaws. Where were the president's witty retorts at the debate? Where was the super-genius? Instead the president slunk his spanked ass out of the debate, and now that he has Big Bird and his teleprompter he's laugh-a-minute tough guy.
What a coward.