Ungrateful Banksters

Krugzilla makes an obvious observation:

Think about where we are right now, in the fifth year of a slump brought on by irresponsible bankers. The bankers themselves have been bailed out, but the rest of the nation continues to suffer terribly, with long-term unemployment still at levels not seen since the Great Depression, with a whole cohort of young Americans graduating into an abysmal job market.

And in the midst of this national nightmare, all too many members of the economic elite seem mainly concerned with the way the president apparently hurt their feelings. That isn’t funny. It’s shameful.

Mind you, these bankers haven’t seen their taxes go up. They haven’t had to answer for their behavior in court. They haven’t lost their jobs. They are still making a fortune. How easy it would have been for a politician to paint them as villains and go after them will real aggression. That would have immunized the president from all kinds of criticism and deflected any blame he might incur for the sluggish economy these bankers created. But he didn’t do it. And, yet, they still complain.

Author: BooMan

Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.