At long last, President George W. Bush is starting to get it. I'm amazed how long it has taken, but I welcome the President into the fold. What is "it?" "It" is, or rather "they" are the CEO pay and the income disparity issues.
This President went to Wall Street, the holy shrine of the money lending, price gouging, sit on their ass class, and actually mentioned these two issues! I've never believed much in so called "political geniuses," Republican or Democratic, and Karl Rove is no exception. It has taken a long time for him to grasp these issues. Of course, the almost immediate response from the proponents of "I'll sell my mother to you, if the price is right," was that this is just blatant class warfare and government interference in "the market." It always has amazed me, that when businesses are squeezing the hell out of consumers, it's always "the market," but when the public strikes back, it's never "the market." Anyway, the "blame it on class warfare" slogan won't work this time. The money managers and the ass-sitters are afraid of that battle, because it's a battle they could lose, at least to some extent, and then, instead of making say, $50 million a year, they might actually have to settle for $35 million. I'll tell ya, life is tough.
Labels: corporate executives, George W. Bush, income disparity, Wall Street
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