About Jesse Jackson.    rev.05.17.2007 Back to Lessons

Why don't I trust this guy?

It started years ago, with his "Rainbow Coalition." Trouble was, I couldn't see more than one color in the rainbow.
I'm not color-blind, either.... except when it comes to people.

Updates, 05.17.2007:

Jesse Jackson was in Sears.

He was there to protest the fact that most of the washing machines were white.

So the clerk called the store manager, who asked, "What's the problem here, Reverend?"

Jesse pointed at the machines and loudly bemoaned the fact that most of them were white.

The manager replied, " Well, Reverend, it's true that most of the washing machines are white, but if you'll open the lids, you'll see that all the agitators are black "


Jesse Jackson got out of the shower and was drying off when he looked in the mirror and noticed he was white from the neck up to the top of his head.

In sheer panic and fearing he really was turning white and would have to do something else for a living, he called his doctor and told him of his problem.

The doctor advised him to come to his office immediately. After an examination, the doctor mixed a concoction of brown liquid, gave it to Jesse, and told him to drink it all.

Jesse did and replied, "That tasted like bull shit!"

The doctor replied, "It was, Jesse. You were a quart low."

Update, 05.02.2007:

Follow this link.... I like Peterson. Why is there still only one color in Jackson's Rainbow?

Update from an email, 08.04.2006:

I just got a new Lincoln Town Car, and returned to the dealer the next week, complaining that I couldn't figure out how the radio worked. The salesman explained that the radio was voice activated. He said, Nelson! The radio replied, Ricky or Willie? Willie!...and "On The Road Again!" came from the speakers.

I drove away happy and for the next days, every time I'd say "Beethoven," I'd get beautiful classical music, and if I said "Beatles!" I'd get one of their awesome songs.

One day, a couple ran a red light and nearly creamed my new car, but I swerved in time to avoid them I yelled.....ASSHOLES!

The French National Anthem began to play, sung by Jane Fonda and Michael Moore, backed up by The Rev. Jesse Jackson on guitar, Al Sharpton on drums and Howard Stern on kazoo...

Damn! I love this car!

Update, 10.16.2005: webjoke via email....

The Reverend Jesse Jackson was holding a press conference in the appliance department of a Sears store in Chicago. He was there to protest the fact that all the washing Machines were white.

So the clerk called the store manager, who asked, "What's the problem here, Reverend?" Jesse pointed at the machines and loudly bemoaned the fact that all Of them were white!

The manager replied, "Well, Reverend, it's true that all the washing machines are white, but if you'll open the lids, you'll see that all the agitators are black."

Now, this, too, troubles me....

*************   MORE ABOUT JESSE JACKSON... By Porter Stansberry  
I mentioned a few days ago that I couldn't figure out what Jesse Jackson 
does for a living.  Holman Jenkins Jr., of The Wall Street Journal editorial 
staff, gave me my answer in Wednesday's paper.  

Jenkins says that Jackson is "the impresario of a great bazaar, offering 
Corporate America racial protection in exchange for financial opportunities 
for the black entrepreneurs and professionals who make up his personal network."

As proof, Jenkins cites the recent mega merger between local radio station 
owners Clear Channel Communication and AMFM.  Jenkins alleges that Jackson 
pressured FCC Chief Bill Kennard to oppose the merger unless a significant 
number of  local stations were sold to minority owners.  In the end, $2 billion 
worth of stations (46 in all) were sold to minority owners...including Jackson 
backers Chase Radio Partners, which was formed specifically to buy these 
spin-off stations, and Inner City Broadcasting, led by activist Percy Sutton 
and founded by...that's right...Jesse  Jackson.  

At first glance it seems that Jackson makes everybody a winner.   Clear Channel 
CEO Lowry Mays received a standing ovation at  the most recent Jackson-organized 
media event and his company will undoubtedly remain free from charges of 
racism  and the subsequent class action lawsuits that have dogged other major 
corporations.  Jackson's friends were the most obvious winners - they received 
radio stations at fire-sale prices.  Exactly what Jackson gets isn't clear...although 
it's not too hard to imagine how his friends may pay him back for their new 
radio stations.  Perhaps they funnel tax-free donations to his Rainbow Coalition...
monies that could be used to help certain secretaries move, for example.  
But there are costs to this kind of thing.    As Jenkins says of Jackson's efforts, 
"it's understandable that some Wall Street firms might grumble privately about 
pressure to steer business to his cronies.  [Jackson's] version of networking is 
not always readily distinguishable  from a racial shakedown."  

And there are other costs as well...such as advertising rates in local radio markets 
that must cover the political costs imposed by the FCC and Jackson.  

The single most fundamental question that society must answer is: how will 
resources be allocated - who will get what, when, why and how.  History shows 
clearly that political freedom and lasting economic prosperity can only be achieved 
when things like radio stations are allocated by market forces, which rely on 
property rights and persuasion, not politics and coercion. 

Credits: The BLAST is written by Porter Stansberry with contributions from David Lashmet and Dan Ferris. To contact us, go to: www.pirateinvestor.com.

Rember, I'm a free-market capitalist, and (guess what... duh!) Jesse isn't. [plusaf]

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