'Profit' Is Not a Dirty Word
3:42 PM, Jan 30, 2009 • By RICHARD STARR
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Here's a disturbing bit of agit-prop from President Obama that's not gotten enough attention:
He's right that the bonuses are "shameful." But profits? The bonuses are shameful because they're being doled out in the midst of record-breaking losses. Now would in fact be an exceedingly good time for them to make profits--the sooner the better, the more the better. Unless you're what Arnold Kling aptly terms a "folk Marxist."
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