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But like another pinstriped socialist, financier and radical philanthropist George Soros, Bloom believes that markets exist to be gamed by the powerful – including unions.
At a 2008 “distressed investors” forum, Bloom said:
Generally speaking, we get the joke. We know that the free market is nonsense. We know that the whole point is to game the system, to beat the market. Or at least find someone who will pay you a lot of money, ’cause they’re convinced that there is a free lunch. We know this is largely about power, that it’s an adults-only, no-limit game. We kind of agree with Mao, that political power comes largely from the barrel of a gun.
Of course, Bloom isn’t the only Obama administration figure to quote Mao Zedong, who enjoyed silencing his opposition by a bullet to the head. Van Jones was part of a Maoist revolutionary group before he became President Obama’s green jobs czar. Anita Dunn, who was White House communications director, praised Mao by calling him “one of the two people that I turn to most.”
Bloom was also reportedly instrumental in the administration’s push to double fuel-economy standards for automakers to 54.4 miles per gallon by 2025. The regulation will almost certainly increase car-related deaths because automakers typically try to meet fuel efficiency targets by making smaller, lighter cars that are less capable of withstanding collisions.
Now the National Association of Letter Carriers has hired Bloom, who left the White House a few months ago, to devise a strategy to fleece the financially struggling U.S. Postal Service.
“We have retained [investment banking firm] Lazard and Ron Bloom to make sure we explore and expand the various range of solutions to address the postal service’s fiscal crisis as well as long-range business strategies not being pursued right now,” said Fredric V. Rolando, the national president of the union. “They have experience in analyzing large, financially complex institutions and crafting creative solutions.”
If by creative Rolando means anti-business, he’s absolutely right.
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