The Street on Welfare

By E. J. Dionne Jr.

Tuesday, March 18, 2008; Page A19

Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy.

The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulatory regime for which they lobbied so hard. They have lost “confidence” in each other, you see, because none of these oh-so-wise captains of the universe have any idea what kinds of devalued securities sit in one another’s portfolios.

——— snip

And they are for sure still driving their Cadilacs and BMWs! It’s way past time time they started to pay their fair share and got used to Saturns. Their American Fantasy is so over.

As for myself, I am proud to say I drive a used, 4 cylinder, Saturn that gets 30 mpg - sometimes 34!

Trackback this Post | Feed on comments to this Post