I’m still proud there’s a black cat in the White House, but he’s beginning to worry me. Playing Mr. Fair, Legal, Constitutional Nice Guy is never going to fix this economy.
Obama needs to remind himself that nice guys finish last. The execs at AIG could tell him, if they weren’t so busy counting the bonuses they received thanks to the loophole Obama’s people insisted on adding to the bailout deal.
Last week Obama claimed to be “outraged” at AIG, but like most of his strong emotions, it rang pretty hollow.
And now that Congress is channeling the public’s fury and proposing a 90% tax on the bonuses, Obama says he doesn’t want to govern “out of anger.”
If now isn’t the time to be angry, when is? People are losing their jobs, homes, and life savings, and struggling to afford health care while they watch their taxes go directly into the pockets of fat cats. They’re hearing that fat cats’ employment contracts are sacrosanct, while for them it’s, “All bets are off, dontcha know? We’re in a recession!”
The only way to change this mentality of, “Bend over and shut your eyes while we shaft you good and rob you blind,” is a smack-down furious enough to get Corporate America’s attention.
If Obama can’t bring himself to unfairly tax or fire these bozos who wrecked powerful banks, then let’s do it the legal way: Prosecute them. Fraud. Theft. Criminal Negligence. Take your pick.
There’s no such thing as playing fair with crooks. At least behind bars they can do no further harm.