The point is that these bank executives are not free agents who are earning big bucks in fair competition; they run companies that are essentially wards of the state. There’s good reason to feel outraged at the growing appearance that we’re running a system of lemon socialism, in which losses are public but gains are private. And at the very least, you would think that Obama would understand the importance of acknowledging public anger over what’s happening.Count Krugman among the legion of the clueless, since he supported Obama up until now. Yet Krugman is sadly mistaken if he believes public anger at Obama is all about Wall Street types receiving large bonuses. It's way deeper than that: See trillions in debt, Obama's healthcare disaster, his breathtaking arrogance, his disdain for Sarah Palin as exemplified by his childish mouthpiece yesterday, his sneering condescension toward Congressional Republicans, the hatred directed toward tea partiers while pretending to call for bipartisanship, his botched handling of the Fruit of the Boom bomber and the list goes on and grows daily.
But no. If the Bloomberg story is to be believed, Obama thinks his key to electoral success is to trumpet “the influence corporate leaders have had on his economic policies.”
We’re doomed.
As Ed Morrissey notes, Obama is sinking badly on issues across the board, none of which are Wall Street bonuses.
Health care – 43/53, his worst showing, with 43% strongly disapprovingIt's not only Krugman. Others from the hard left have jumped ship.
Economy – 45/53, also his worst showing, with 38% strongly disapproving
Federal deficit – 40/56, 40% strongly disapproving
Creating jobs – 47/51
Threat of terrorism – 56/39, slightly improved over last two months
Roundup here.
Hot Air links. Thanks!
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