I have tons and tons of respect for Lee Cooperman, the former head of Goldman Sachs Asset Management and current chief of Omega Advisors. He is a Fast Money guest and a friend and one of the most accomplished investors on the street.
And in his recent open letter to the president, he has taken the words from my mouth. I could not have said it better without taking a partisan view.
This is not a partisan statement. It is the people's view. Lee is espousing the values that made America great.
Everything that follows is from him:
Dear Mr. President,It is with a great sense of disappointment that I write this. Like many others, I hoped that your election would bring a salutary change of direction to the country, despite what more than a few feared was an overly aggressive social agenda. And I cannot credibly blame you for the economic mess that you inherited, even if the policy response on your watch has been profligate and largely ineffectual. (You did not, after all, invent TARP.) I understand that when surrounded by cries of