So I get that President Barack Obama is all outraged at A.I.G. paying out many millions in bonuses to a bunch of its execs. "This is a corporation that finds itself in financial distress due to recklessness and greed," Obama said, according to this Pacific Business News story. "Under these circumstances, it's hard to understand … Continue reading Outraged!
A few hours ago The New York Times breathlessly reported that insurance giant A.I.G.–recipient of $170 billion in bailout funds (so much money that taxpayers actually own about 80 percent of the firm)–will soon pay out $100 million in bonuses to the very executives who bungled the company's finances to the point that it needed … Continue reading Justice? What’s that?
I usually feel good when I find that a certified smart person thinks the same way I do about politics. But in the case of Noam Chomsky's recent 7,700-word take on the election of Barack Obama in Znet, not so much. I've been watching a lot of my left-leaning friends take serious satisfaction in Obama's victory … Continue reading Sometimes I hate it when I’m right