Leon Black

Chuck Schumer: Sequester shows we're 'tough'

February 26, 2013: 4:00 PM ET

Chuck SchumerThe petty politics of macho.

FORTUNE -- We're just three days away from the looming sequester, and Sen. Chuck Schumer apparently believes it's fait accompli. Not because it's good policy, or because Congress and President Obama have just run out of time to draft a reasonable solution. No,  it's because both political parties need to flex their muscles.

Here is the relevant hearsay, as recounted this morning by Apollo Global Management (APO) founder Leon Black, at the SuperReturn International conference in Berlin, Germany:

"The market has pretty well discounted this whole sequester circus that's going on… I saw Chuck Schumer at a wedding over the weekend. He told me the sequester is going to go through, at least for a few days, because both sides need to prove how tough they are."

Okay, okay. We get it. You're both super-tough. Like GI Joe and He-Man welded together by the heat of a radioactive spider bite. And you're kings of your weekend fight club, where first prize is Hulk Hogan complimenting your biceps.

That good enough Chuck? Can you stop now with this petty posturing, before it causes real people real pain? After all, one would think you might be in a position of authority to do more than lament the circus.

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  • Lay off Leon Black

    A rich guy threw a party. Get over it.

    Leon Black, head of private equity firm Apollo Global Management (APO), is getting skewered today for spending millions of dollars on his 60th birthday party this past weekend.

    Elton John did the singing, Vera Wang did the dressing and and it didn't help that attendees like Sen. Chuck Schumer (D-NY) and Mayor Mike Bloomberg added to an air of corporatist complicity. For example, MORE

    - Aug 19, 2011 2:30 PM ET
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