“And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility.”
Thank you President Obama, for condemning corporate irresponsibility in a way George Bush was never able to manage. $18 billion in bonuses for the guys largely responsible for our collapsing economy is, by almost anyone’s account, obscene.
Of course, speaking of irresponsibility, this was after Congress rewarded fiscal incompetence with 350 billion dollars — no strings attached and with no oversight.
But expect things to get worse before they get better. One thing you can say about history is that we rarely learn from it. Sooner or later, however, either the people will find their voice and rise up in a populist revolution or the next great depression will usher in the apocalyptic pre-messianic era.
In the meantime, look for Rod Blogojevich to get his own talk show or a multi-million dollar book contract.