October 20, 2009

HAVEN'T YOU PEOPLE HEARD?:

Don’t bail on Wall Street outrage (Derrick Z. Jackson, October 20, 2009, Boston Globe)

Just a year after the bailout, the Wall Street Journal last week reported that the nation’s top 23 banks and investment firms plan to give out a record $140 billion in bonuses. The Dow may be back up over the 10,000 mark, but unemployment is still going up, too, to nearly 10 percent, more than double what it was at the beginning of this decade. Black unemployment is 15.4 percent. States, including Massachusetts, are still announcing massive job and funding cuts. Workers are told to be patient, that jobs might not come back in a few months or even a few years, but they will come back.

But the toga party is already back on Wall Street. All that Obama has done so far is send out his charges to bleat some mild humbugs on the talk shows.


You were supposed to give up on capitalism.....

Posted by Orrin Judd at October 20, 2009 2:18 PM
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