Monday, March 30, 2009

A Pig Roast

What's so weird is the actions taken by the Obama people against GM and Chrysler, versus the (lack of) actions taken against AIG, Bank of America, Citibank, Goldman, Sachs, etc. Is this just obvious to me, or do others see it too?

[Update: I just saw this on Politico: But lawmakers from auto manufacturing states are wondering why their industry gets such tough treatment and a heavy hand from the Obama administration while Wall Street bailout recipients haven't had nearly as much intervention. "Mr. Wagoner has been asked to resign as a political offering despite his having led GM's painful restructuring to date," said Rep. Thaddeus G. McCotter (R-Mich.). "Mr. Wagoner has honorably resigned for the sake of his company's working families. When will the Wall Street CEOs receiving TARP funds summon the honor to resign? Will this White House ever bother to raise the issue? I doubt it."]

Paul Krugman (whom some Obama supporters hate because of his criticism of Obama's economic policies) takes a look at the obscene growth of the financial sector over the last 40 years here.

The big financial institutions--AIG, Citibank, Goldman Sachs, among others--who have brought us down should be allowed to die, then gutted, flayed, sliced and diced, and then roasted over an open fire like a pig. Let's have a pig roast.

And for good measure, throw some of their corrupt leaders in prison for the gigantic frauds and shysters they were. Letting them get away with their millions and billions, while average working people lose their pensions, their homes, and their jobs, is both immoral and unjust.

And it won't work politically in our current political environment. Obama will begin to lose his support on the liberal-left, and I don't believe he can either win or be effective without it.

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