in 2010.
This absolutely boggles the mind. I hope these guys are shamed into returning much of this money.
Rahm to be absolved by Barack. Maybe a teeny conflict of interest here but I'm still willing to give O the benefit of the doubt.
Sassy spent Sunday watching this nightmare.
Krugman Update:
hallelujah!!!!
Politico reports that on Bill Press’s radio show today, Nobel Prize-winning economist Paul Krugman was asked about “whether or not he was ‘in communications’ with the Obama administration regarding the economy, he declared: ‘Yes… I am. And that’s all I care to talk about.’” For at least three years, Krugman has been warning about the dangers of ballooning housing prices and the trade deficit. “One way or another, the economy will eventually eliminate both imbalances,” he wrote in August 2005. Read more at Krugman’s blog here.
2 comments:
Executive pay is just ridiculous, but sadly, I don't see them returning anything. The Washington Monthly has a piece about it today. In 1950, executives made 30 times more than an average U.S. worker. In 1980, they made 50 times more. Now, they make 350 times more than the average worker. Yet, Congressional Repugs get all up in arms about unions.
Every paper in the country should post the names, home addresses, net worths, and photographs of every single executive for every company that took bailout money. If possible, they should also list every organization that had to lay people off as a result of each executives' actions. If they can't get that specific, they can make it up - just split the companies that have laid people off om the last year evenly among the executives.
That'll take care of that problem.
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