Bob Herbert, [now a former] NY Times columnist, wrote his last column today. I generally enjoy ready Herbert's work, which today centered on the growing income inequality in the country (one point that I would like to note is that these periods the rosy less income inequality generally didn't apply to black, women, Latinos...but, hey...that's a minor issue)...The problem of income inequality has gotten out of control and we all seem to accept it as inevitable, which it is not. Yesterday, the Times ran 2 other interesting articles....One concerned G.E.'s successful tax avoidance strategies (which should give all of us pause for concern...) and the other concerned a borrower who was sent to jail to taking a "liar loan" (also known I think as a "stated loan" where a borrower states his/her income on the mortgage application without providing any substantiation)---this is contrasted with the former CEO of Countrywide Home Loans, whose CEO got a slap on the wrist...Yes, I do suppose that the rich are different from you and I---they don't actually have to suffer the consequence of their actions, we do! (and, apparently, we no only suffer from our actions, but we suffer from their's too...).
Just a thought...in light of this article on G.E., the President should ask for Jeffrey Immelt resignation from this Presidential Commission (that I am certain doesn't really do anything...)...I am certain that I am expecting too much, but its a thought...
Just a thought...in light of this article on G.E., the President should ask for Jeffrey Immelt resignation from this Presidential Commission (that I am certain doesn't really do anything...)...I am certain that I am expecting too much, but its a thought...
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