Saturday, February 27, 2010

Bill Daley, Obama and the Banks

Bill Kristol on Krugman amazed:
Paul Krugman is, I think, right to be amazed by Obama's embrace of the $17 million bonus given to JPMorgan Chase Chief Executive Officer Jamie Dimon and the $9 million issued to Goldman Sachs CEO Lloyd Blankfein.

If Obama's idea of moving to the middle politically is to embrace Wall Street's too-big-to-fail banks, he's crazy. Usually Republicans are the party of Big Business and Democrats of Big Government, and the public's hostility to both more or less evens the politics out. But if Obama now becomes the spokesman for Big Government intrusiveness and the apologist for Big Business irresponsibility all at once--good luck with that.
Picture is JPMorgan Chase's and Mayor's broter William Daley alongside Obama. We're sort of used to Progressives and Democrats in bed Banks and so on...surprize for Mr. Krugman maybe. No amazement here...

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