Fawlty Understanding

Picture the general public as Manuel, Chris Christie as Basil Fawlty, and Donald Trump as the hotel guest:

Basil Fawlty tried speaking a language he was ill-equipped to communicate in and wound up embarrassing himself.

So it was when the subject of carried interest came up this week.

The obvious followup question that you can see these CNBC folks wanted to ask was:

You have no clue as to what ‘carried interest’ is, do you?

but since Christie’s PAC has TV ad money to spread around they humor him.

Contrast that to how these Bloomberg people react to someone who speaks their language:

15 responses to this post.

  1. Posted by Anonymous on August 27, 2015 at 10:26 pm


    As suggested all readers need to be informed of the misguided, self- serving, competing interests at play here.

    Everybody could use a little hand sanitizer!


  2. Posted by Anonymous on August 27, 2015 at 10:40 pm

    What!!!!!! What!!!!???? Is that why christie refused to tax the millionaires for 8 yeas in NJ. This guy is the biggest liar on the planet


    • Posted by Tough Love on August 29, 2015 at 11:35 am

      Refused to “tax” ?

      No, he refused to unjustly INCREASE the tax rate on the already overburdened taxes paid by high-income NJ residents.


  3. Posted by george on August 27, 2015 at 10:44 pm

    Look up Puerto Rico tax haven


  4. Posted by denis B on August 29, 2015 at 5:00 am

    Unsustainability is an understatement .Mish makes a case for the demise of municipal and states pensions he points out Illinois but NJ is in the same wreck if not worst because we have no funding plan or constitutonal guarantee like some other states …http://globaleconomicanalysis.blogspot.com


  5. Posted by MJ on August 29, 2015 at 8:42 am

    John or anyone else, does anyone think that Sweeney’s ingenious plan to have the Feds issue low interest loans to fund the pensions will fly? or is it his intention to be able to say “I tried” when running for governor?


  6. Posted by Anonymous on August 29, 2015 at 9:31 am


    Crazy like a fox, at least this GOP’er knows what rhetoric is necessary to sway the 99% vote! But we ALL know he’ll never do it. In fact there’ll be more gridlock then ever before because neither party will get support him or his agenda.


  7. Posted by Anonymous on August 29, 2015 at 9:39 am


    Yeah your probably right, no way this gets through both houses or the POTUS. But actually if it comes with mandatory concessions, like the P&B Commission reforms, then it could be a win win situation.

    Only problem is rolling out national reforms with the varying State and Local structures.


    • Posted by Tough Love on August 29, 2015 at 11:45 am

      No bailout via a Federal “loan” (yeah right ….. as though most won’t eventually be forgiven, screwing the Taxpayers AGAIN), and we still must DEMAND changes in NJ’s State AND Local Public Sector Plans of the type recommended by the NJ P&B Commission …………. a FREEZE of all DB Plans for the FUTURE Service of all CURRENT workers, and material reductions in their current “Platinum+” healthcare coverage.


  8. Posted by S Moderation Douglas on August 31, 2015 at 4:24 am

    And what is the other elephant in the room?

    Christie is yet another Republican who wants us to “file your taxes on a postcard. ”

    Don’t think he’ll be getting campaign support from H & R Block.


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