Paul Krugman just wrote an article, "How is it possible, at this late date, for Obama to be this clueless?" President Barack Obama said he doesn't "begrudge" the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. What Krugman, who's an economist instead of a politician, apparently fails to realize is that with the Supreme Court's Citizen's United decision, politicians are now terrified of large and wealthy corporations, which can now legally and easily destroy any politician who doesn't toe the corporate line.
Politicians are now Terrified of Large and Wealthy Corporations
Feb. 11, 2010 9:45 am