Feb 21, 2009

The Rickster

It's funny how Rick Santelli can at once be against tax payer dollars going to help middle and working class homeowners and for tax payer dollars going to continued 6 and 7 figure Wall Street paychecks and bonuses. To juxtapose Rick's positions more clearly:

Against: Giving John Doe $30k of taxpayer funds to ensure they can stay in their home.

For: Giving John Thain (former head of Merrill) $121M of taxpayer funds to ensure he and his top lieutenants bonused themselves "at market value" during the worst economic crisis in modern history.

It seems his position is less principled and more class based. He's fine with Thain getting millions for his buddies because he wanted to be Thain. He wanted to climb the corporate ladder and lead a multinational financier but forever whatever reason could only rise to tv analyst. The funny thing is the people that think like this (I'm looking at you CNBC) delude themselves in thinking they are in any measure closer to the overclass than the middle class.