Since 2005, when this editorial appeared, I have pinned it up in my office. Never has it been more relevant than right now. Especially when you consider John McCain's nine houses (so many he doesn't even know how many he has he says and please, let's not even get into the thirteen cars he has, so many he doesn't know that three are foreign having claimed he only buys American), but the fact that Dick Fuld, head of Lehman Brothers Holdings Inc. got $35 million in stock in 2007, only part of the $484 million he's collected since 2000, testified to the House Oversight Committee that the financial meltdown hurts him as much as it hurts us.
"Oh really? Is he offering to give severance to the Lehman secretaries left jobless? Is he going to let any of them who can't make their mortgage payments stay with him in at his mansion in Greenwich, Conn., his oceanfront estate in Florida, his ski chalet in Idaho, or his Manhattan apartment? says Margaret Carlson, syndicated columnist in today's Seattle Times editorial section (McCain as Captain Queeg; Obama as Presidential, October 12, 2008).
As she writes,
"...there's an awakening to what the non-elites did for the elites in the name of getting government off our backs. They created more elites, at least by income. There's a huge pay gap. Foreclosures are running at a record pace. Retirement savings have lost $2 trillion in value, while those who got us into this mess are still dining at Le Cirque and weekending in the Hamptons."
'Nuff said.
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