The King of Versailles


I watched the documentary "The Queen of Versailles" when it was in the theatres. It's a powerful piece of work. I had several reactions to it, but I'm going to discuss only one of them here: that North America might not be that far away from a major torches and pitchforks scene.

The subjects of "The Queen of Versailles" are David and Jaqueline Siegel. Jaqueline is the trophy wife, and David made a fortune selling time-shares, but got burned badly during the 2007 crash.

David Siegel got his name in the news during this past week. At the request of Mitt Romney, he sent out a letter to his 7,000 employees telling them that if Obama wins, he will have to fire some of them.

Well, isn't that special? Siegel's buddy, George W. Bush, was President in 2007, when the same David Siegel laid off thousands of his employees. So, if you happen to be an employee of Westgate Resorts, it would be a good idea for you to be looking for alternative employment regardless of who wins the 2012 election.

And here's two more reality checks:

Anyone who would attempt to build a 90,000 square foot house is a fool.

Siegel made his fortune off suckers, so it's not surprise that he and Romney are buddies. If you don't believe this, go to Craigslist and check some resale prices for timeshares. For example, the asking price for timeshares in Punta Gorda, FL is $600. That's one-tenth of what units like this cost when they are new.

Fact of the matter is, Siegel is a scam artist, and he falls in the same category as Lehman Brothers. When they talk about limited government, what they really mean is, let's protect our right to fleece people. And Mitt Romney is totally on side with this.

Article by Edward Murray at Daily Kos: Obama Creating Unemployment Creators