Thursday, October 15, 2009

Dow Reaches 10000! Unemployed Millions Rejoice!

It’s interesting. We bailed out Wall St. just about a year ago. They're doing fine, aren't they?

Goldman-Sachs, the glad-handed recipient of hundreds of millions in government money, announced their latest earnings yesterday. And a robust $16 billion in payouts for employee bonuses (see I’m sure the announcement gladdened the hearts of those millions of unemployed, grateful that the big boys are doing so well. Their CEO says they need so much to keep talented people at their firm. These would be the same 'talented people' who put the economy in the mess it's in now.

But, hey, the conservatives tell us ‘capitalism benefits everyone.’

At least, in theory…

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