The New York Times suddenly discovers class resentment in America, but only because of the earnings of Goldman, Citigroup, BOA, and others, despite their having also paid back some government loans. Interesting that such a thing never appears to exist when Democrats, including Obama, are stoking it so incessantly when on the stump. Political rhetoric doesn't seem to matter to them, only success and profits are wrong. In terms of profits, perhaps it's the Times that is actually so resentful?
All of these companies were beneficiaries of gargantuan government bailouts, in assorted forms and varied sums, but if they assumed they’d hear bravos for prompt paybacks and quick turnarounds, they were in for a shock. At a time when so many people are struggling with foreclosures and are either unemployed or worried about losing a job, these earnings were bound to stir up some basic questions of fairness.
And along with those questions, a rebirth, perhaps, of a type of anger that hasn’t been widespread for a while: good old class resentment.
Dang, change a few words in the quote above and you'd think the NYT was talking about...itself.
Posted by: MarkJ | Sunday, July 19, 2009 at 11:45 AM