Monday, September 22, 2008

That Little Old Calvinist, Me

I have noticed a certain hardcore compassionlessness has crept into my writing recently.

Partly I'm angry because the Randians whose job it is to rail against any form of public kindness have been strangely silent on the Wall Street Bailout. The same people who complained about the rebuilding efforts in New Orleans after Katrina can't seem to come up with a cogent argument regarding the wholesale bailout of Wall Street millionaires.

Mostly I'm angry because the Robber Barons who profited by the billions (Lehman Bros (2006) and Lehman Bros. (2008), Goldman Sachs (2006) and Goldman Sachs (2005)) bringing the nation into this crisis are now lobbying to profit by the billions through the bailout. (Note: those four reports total $43 billion in bonuses for just two companies for just two years each. Add in all of the hedge funds, investment banks, and commercial banks for the entire length of the Bush Presidency and we would get damn close to the magic $700 billion mark.)

A Price Must Be Paid. The people who are destroying the world's economy must not be allowed to profit by it.

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