Thursday, February 26, 2009
Salting our Wounds
We are glad to hear Obama thinks the rich should pay more in taxes; after all, they've managed to avoid paying their fair share for decades. We also hope Obama finds ways to stretch the dollars we have.
But neither of these at present vague proposals begins to solve the major crisis bringing our society down. Without prosecuting the pervasive fraud in government and business that brought on this crisis, recovery is simply not possible.
Obama's closing the gate on CEO golden parachutes -- after they already gave themselves billions in taxpayer funded bonuses from the biggest bailout in history -- says something. If Congress and the White House were either too stupid or too crooked to institute measures to prevent this grand larceny, then they are too stupid and too crooked to lead us out of despair. Rather than salve for our souls, the chump change in tax breaks they're offering working stiffs is more like salt in our wounds.
But neither of these at present vague proposals begins to solve the major crisis bringing our society down. Without prosecuting the pervasive fraud in government and business that brought on this crisis, recovery is simply not possible.
Obama's closing the gate on CEO golden parachutes -- after they already gave themselves billions in taxpayer funded bonuses from the biggest bailout in history -- says something. If Congress and the White House were either too stupid or too crooked to institute measures to prevent this grand larceny, then they are too stupid and too crooked to lead us out of despair. Rather than salve for our souls, the chump change in tax breaks they're offering working stiffs is more like salt in our wounds.
