GOING AGAINST POPULISM

Today, Hannity criticized Obama because he spoke out against the obscene Wall Street bonuses - Obama Calls Wall Street Bonuses ‘Shameful’ - because he thinks that's a move against the free market. The Deal Journal, a WSJ blog, came out in support of Obama and had this advice:

Lloyd Blankfein, John Mack, Jamie Dimon and Ken Lewis should get on the Acela to Washington. They should head immediately to their most important shareholder at the White House. There they can explain what they are going to do to show that Wall Street does indeed “get it” while taxpayers pay for their sins.

This captures the majority opinion in the comments section:

Let’s make it very simple:

TARP= No Bonuses.

No TARP= Bankruptcy.

Choose.
Comment by answer to ??? - January 30, 2009 at 5:52 pm