Friday, January 30, 2009

Plus One - Obama

I am highly skeptical of Obama, but if you make a positive point you deserve a positive point. The New York Times wrote: " President Obama branded Wall Street bankers “shameful” on Thursday for giving themselves nearly $20 billion in bonuses as the economy was deteriorating and the government was spending billions to bail out some of the nation’s most prominent financial institutions."

The Washington Post wrote: "President Obama yesterday scolded Wall Street bankers who received millions of dollars in bonuses last year, calling the payouts "shameful" and chiding the executives for a lack of personal responsibility at a precarious time for the nation's economy."

Capitalism is not solely about pillaging the economy for your own personal benefit (Gordon Gekko famous line "greed is good"). It is about time that those who lead our nation vocally speak out that capitalism involves personal responsibility and social conscience.

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