A Goldman Sachs International adviser defended compensation in the finance industry as his company plans a near-record year for pay, up 46% from last year, saying the spending will help boost the economy. Brian Griffiths, who was a special adviser to former British Prime Minister Margaret Thatcher, said yesterday at a panel discussion in London, “We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” The panel’s discussion was called “What is the price of morality in the marketplace?” Apparently the real morality or reality for Goldman Sachs is - All the rest of us will just have to wait for that money to trickle down from the banker's overstuffed wallets. As always, trickle-down economics produces a nation of peons.
In Strange News...In a new interview with Republican Rep. Gregg Harper, Politico asks the congressman what the Congressional Sportsmen’s Caucus does. Harper’s response: "We hunt liberal, tree-hugging Democrats, although it does seem like a waste of good ammunition." The irony is Harper represents Mississippi’s 3rd congressional district, which contains Neshoba County — where in 1964, white supremacists lynched three civil rights workers. Harpers response? Harper's spokesman said the remarks were "supposed to be fun. ... It's having a good time."
