Today, however, the present President makes it sound like the "shameful" and "obscene" and morally-challenged bankers are his good golfing buddies. So what if President Obama's good buddies take home million dollar bonuses? Obama knows athletes who get more.
Paul Krugman says we are "doomed." I believe him:
[H]ow is it possible, at this late date, for Obama to be this clueless? . . . The point is that these bank executives are not free agents who are earning big bucks in fair competition; they run companies that are essentially wards of the state. There’s good reason to feel outraged at the growing appearance that we’re running a system of lemon socialism, in which losses are public but gains are private. And at the very least, you would think that Obama would understand the importance of acknowledging public anger over what’s happening.
But no. If the Bloomberg story is to be believed, Obama thinks his key to electoral success is to trumpet “the influence corporate leaders have had on his economic policies.”
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