Krugman: The Unbearable Pettiness Of Being Rich

[n2doc]

Andrew Ross Sorkin’s column today makes Wall Street honchos sound like spoiled kids; they went for Obama because he seemed like their kind of guy, then turned on him with a vengeance because they think he’s looking at them funny.

Based on what I know, that’s about right.

I talked to some financial-industry backers of Obama back during primary season; they really didn’t know or care much about policy issues, but were in love with Obama over his style — and also over the prospect of being in his inner circle, something they knew wouldn’t happen with Hillary. Now they’re mad because they don’t feel that they’re getting enough stroking.

And you have to bear in mind that this comes after Obama has made immense efforts to placate the financial industry. There were no bank nationalizations; there were hardly any strings attached to bailouts; the financial reform bill was by no means draconian given the scale of the disaster. But Wall Street is furious that Obama might even hint that they caused the crisis — which he does, now and then, because, well, they did.

And as far as I can tell, hardly any of the new anti-Obamanites is thinking at all about what will really happen once John Boehner is speaker.

more

http://krugman.blogs.nytimes.com/

...and an Animal House Reference!

[Pirate Smile]

1. I kind of like the first comment: "My yacht's smaller than the Russian oligarch's :("

Heh

[mike r]

2. There was a reason Jesus said what he said about the rich

Matthew 19:24 or something

[RainDog]

3. more and more

I understand what led the French people to massive use of the guillotine.

[T Wolf]

4. If only we here in the Land of the Lost had the courage to take steps like that. But we are

too damn complacent and comfortable, even in the face of the latest economic disasters.

Only when things get much worse will people wake up and do something.

Until then, it's on to Dancing with the Slut for what's really important.

[RainDog]

6. I would like our current leaders to learn from history, rather than repeat it

I would like them to look at data rather than listen to those whose asses they think they must kiss in order to fund elections...because the data is there that indicates that the "free market" republican and conservadem fetish is nothing more than bullshit.

Those politicians, in other words, want to feed Americans bullshit and expect us to take it.

We have the power of numbers to overcome the bullshit machine from the conservatives in this nation... we voted against conservatism in the last two election cycles. Our politicians have betrayed the will of the American people.

[KittyWampus]

8. you think the guillotine was about courage? Your knowledge of basic history is lacking.

hint- once the blood starts flowing, NO ONE is safe.

[TheKentuckian]

5. That is why you welcome their hatred and really give them something to cry about

[Dawson Leery]

7. kick