Alarming News

October 20, 2009

Pay up

Back in 2007, a Fox News story noted:

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Bush and the Republicans is another question altogether.

The left went ballistic, insisting that the money “lifeline” given to these firms was a loan and any “gift” made to the president or to Republican candidates was not only unseemly but practically illegal. They raged the money was not Bush’s to give away and that bailing out his Wall Street buddies at the American taxpayer’s expense deserved him no gifts.

Oh, wait, no, I got my dates all wrong. Actually what happened is the NY Times published an article today noting:

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Obama and the Democrats is another question altogether.

Like, with a straight face.

But lest you start worrying about that ungrateful Wall Street not contributing enough to Obama and the Democrats, the article goes on to tell you “in recent years, Democrats are raising far more from Wall Street executives than Republicans,” and also that Obama will be in NY today for a big dollar fundraiser, each donor paying the $30,400 maximum and that “Four of the seven “co-chairs” listed on the invitation work in finance, and Democratic Party organizers say they expect that about a third of the attendees will come from the industry.” Apparently that’s not enough for the Times who sniffs that only about half a dozen will come from the bailed out firms. How completely ungrateful.

Posted by Petitedov at 09:50 AM |
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Comments

Hey Karol, have you thought about who takes over for you when the baby is due? When you were away, the group of people who took over were a pretty good mix of posters. Perhaps you should try out a few to run alongside you (like blog idol). That way, you wouldn’t have to deal with the huge amounts of postings and traffic ;-)
Just an idea.

Posted by: bryan at October 20, 2009 at 11:19 am

I’ve been reading (here and there) the Democrats are now having a much harder time getting money from the financial industry. No hard numbers, though.

Posted by: Eric at October 20, 2009 at 6:07 pm

$30K for a dinner? Are they eating fileted Komodo Dragons for the cost of what some families earn for a year?
Glad to see the top 1% is still alive.

Posted by: Drizztdj at October 21, 2009 at 7:32 am

$30K for a dinner? Are they eating fileted Komodo Dragons for the cost of what some families earn for a year?
They’re there to hear that man of the people, Barack Obama, tell it like it is.

Posted by: Karol at October 21, 2009 at 1:00 pm

I seem to remember both Clinton and G H W Bush complaining about not being able to speak to ordinary people because the fund-raising dinners (that they needed to be elected) got in the way. Surely this is not a new thing?

Posted by: bryan at October 21, 2009 at 7:23 pm
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