So Obama fired Rick Wagoner at CEO of GM. No doubt he deserved it, but why do all the idiot bankers that Pres. Yeswecan met with on Friday get to keep their jobs? Oh yeah, I know. Only automakers get put through the wringer for a little federal spare change. Bankers get blank checks, no questions asked. And only autoworkers get their contracts ripped up. Ripping up bankers’ contracts would be governing by anger, and we don’t want to do that!
This was originally posted as a comment, but I thought it was worth bringing up to the body of this esteemed blog: Santa Clara University law prof Steve Diamond on how the AIG bonuses could have been blocked, if the Obama admin had really wanted to: Thanks to Steve Diamond for pointing to this; glad he wasn’t inhibited by excessive modesty.
How about that for bipartisanship? All that seduction from our new president, sweetened with tax cuts and lubricated with cocktails at the White House, and still the stimulus package didn’t get a single Republican vote in the House. They won’t play bipartisan. They’re stubborn as hell and stick to their cretinous principles. You’ve got to respect them for that. It may be because they have some principles, as nutty as they can be. Meanwhile, the infrastructure component of the stimulus bill has shrunk, and is really not up to the task. According… Read More