(Community Matters) Last night at our dinner party, one of the conversations in a nook off the kitchen was about executive pay caps for bailed out firms. A very smart friend felt the caps were a disappointing capitulation to populism by President Obama. My position is that they are the direct result of irresponsible & blatant flaunting of greedy capitalism by bankers, even after accepting billions in bailout.
I doubt the caps are the favored choice of the administration; they’re not mine. And, as Frank Rich writes in his column, I’m hoping President Obama’s administration has realized the mob of popular disgust will leave BHO in its wake if the President doesn’t circle back and out front. I’m not citing a revolution but think we risk provoking an insurrection.
Let’s not forget, the movement known as Obama for America was more about Hope and Ideas than about a single man. The movement and calls for Change aren’t stoppable.