Wall Street Vs. Detroit
Robert Reich discusses why Citibank got bailed out while the automakers were told to take a hike (TotH: Mr. Furious). It's more stuff to make your stomach churn. Of all the people Obama's bringing back from the past to handle the top jobs, why didn't he pick Reich? He always gave Larry Kudlow a good fight when debating economic policy pre-bubble bursting.
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DED
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DED
Labels: economy
posted by DED at 11:06 AM
6 Comments:
I don't wanna see a Detroit bailout either.
I don't know if you read Reich's piece but he doesn't argue in favor of a Detroit bailout, either. He merely tries to figure out why one massively bloated industry gets bailed out while another one is told to sod off.
I hope that I didn't give the impression that I was arguing for a Detroit bailout.
No you didn't. And I'd have been surprised (extremely if you did).
The discrepancy is pretty damn interesting though. Let's put it this way: if there was a Wall St. Union, there might not be as much support for all the bailouts.
Meanwhile, I'll try to read the Reich article this weekend.
I've been wondering why Reich isn't included either. I know he's in informal adviser, but that's it.
Happy Thanksgiving to you and your family, DED!
And to Mike because I'm too lazy to go to his blog at this moment.
Thanks, DCup! Hope it was good for you as well.
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