[lbo-talk] CBO on HR 1

SA s11131978 at gmail.com
Thu Feb 12 10:59:55 PST 2009


Julio Huato wrote:


> There's a lot of resentment against banks, Wall
> Street, social parasitism, politicians. Energy that can be channeled
> politically. And frankly I fail to see yet Obama as taking the role
> of defuser of the popular rage, let alone its suppressor.
>

In response to public anger, Obama wagged his finger at CEO bonuses and grandly announced pay caps. Then in the fine print it turned out that the caps were carefully designed to be nothing but a giant loophole. Under what definition of "defusing popular rage" is that not "defusing popular rage"?

SA



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