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Showing posts from January, 2009

Warning to President-Elect Barack Obama from a Convicted Felon: Beware of the Bait and Switch

President-Elect Barack Obama’s plans to jump start the economy by quickly providing "badly needed stimulus" through massive government spending. As the criminal CFO of Crazy Eddie, the most gullible victims of my crimes were those investors who ran to invest huge sums of money without careful due diligence on where their money was going and how it was used. It seems that the future Obama administration may end up following the same path of my countless victims – quick and ultimately wasteful spending because of little or no due diligence.Obama’s upcoming inauguration is expected to cost over $150 million or more than triple the $42 million amount spent on President George W. Bush’s 2005 inauguration. That is quite an expensive wedding, especially during a recession.As our next President, Obama's honeymoon plans are even more extravagant than the wedding. During his first one hundred days in office, President Obama plans to introduce legislation to quickly spend almost $1…