Just Lower Your Standard of Living
Billionaire Jeff Greene, who Bloomberg News describes as having “amassed a multibillion dollar fortune investing in real estate and betting against subprime mortgage securities,” has a pessimistic view of the U.S. economy. “Our economy is in deep trouble,” Greene said. “We need to be honest with ourselves. We’ve had a realistic level of job destruction, and those jobs aren’t coming back.” Because of that, he argues, “America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence. We need to reinvent our whole system of life.” To highlight his hypocrisy, he made the comments after having flown his wife, children and two nannies on a private jet (just one of about 1,700) to the climate confab in Davos, Switzerland. But we’re the ones who need to tighten our belts. By the way, Greene is a Democrat who ran for the Florida Senate seat currently held by Marco Rubio.