Mar
27
2009

NYT: Home of the 'Insanely Selfish and Greed-Addled'

The New York Times editorial page's lending of space to former AIG financial vice president Jake DeSantis' plea for "us all to reconsider our anger toward the poor overworked employees of his unit" has incurred some of Matt Taibbi's trademark wrath (Alternet, 3/26/09): He acts like he's a victim because he didn't get to keep his after-tax bonus of $742,006.40 in the middle of a global depression. And he really loses his fucking mind when he writes: None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes […]

Mar
27
2009

WaPo Op-Eder Unnamed as AIG Flack

Responding to a Washington Post op-ed in which one Martin Feldstein "explains how Obama's proposed limitation on the deductibility of charitable contributions by upper-income taxpayers is a horrible idea," Jonathan Schwarz (A Tiny Revolution, 3/25/09) asks What does Feldstein have to say about the tax code change? Well: In effect, the change would be a tax on the charities, reducing their receipts by a dollar for every dollar of extra revenue the government collects. It is hard to imagine a rationale for taxing schools, hospitals, medical research budgets and arts organizations in this way…. The proposed tax change would apply […]

Mar
23
2009

On WaPo's 'Remarkable Class Solidarity'

Wondering at the "remarkable class solidarity" displayed by U.S. elitists, Robert Parry (Consortium News, 3/22/09) hypothesizes that "this may help explain why the Washington Post's editorial writers penned three editorials last week decrying the populist outrage over the AIG bonuses": The first editorial on March 17, entitled "Bonus Blowback," purported to share the public's outrage but came down on the side of paying the bonuses. "We hope that the president is setting the stage to do whatever it takes to answer legitimate protests about AIG without adding to the existing dangers or jeopardizing the necessary rescues of the banking sector […]

Mar
20
2009

ABC Tries to Calm the Populist Fire

You can accuse some in the media of paying too much attention to the bonuses at AIG, but on ABC's newscast they've been doing the opposite–trying to tell people to stop talking down "our" company. ABC's World News With Charles Gibson, March 17: CHARLES GIBSON: Let me turn to Betsy Stark. There is an awful lot of, I guess you could call it AIG bashing going on. But as a lot of people pointed out today, there's a real danger in this, because everybody in this country has a vested interest in AIG succeeding, because we, the taxpayer, essentially own […]