[lbo-talk] More "populist eruption": CNN vid contrasts Bear bailout w/ homeowners' plight

Joseph Catron jncatron at gmail.com
Fri Mar 28 16:13:01 PDT 2008


The rhetoric used to justify the Bear Stearns bailout has been pure trickle-down: I cannot estimate the number of times I've seen the dubious statistic that "each Wall Street job supports three workers in other sectors" (http://www.iht.com/articles/2008/03/24/business/jobs.php).

However, I have yet to see any respectable commentator note the rather glaring inefficiency of filtering relief for low-income and unemployed workers through the obscenely rich.

On Fri, Mar 28, 2008 at 5:33 PM, B. <docile_body at yahoo.com> wrote:
> http://video.yahoo.com/watch/2275579/7154286
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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