Thursday, September 25, 2008

Eye On The Prize

Thus far, the only thing resembling a substantive criticism of the Bush administration's $700 billion Wall Street bailout from Sen. Collins is her complaint that it doesn't include curbs on executive compensation.

But as Kos suggests, that's really the least of it.

I don't want to send thousands of dollars to Wall Street in exchange for a rejiggering of the way financial companies compensate their employees. I wouldn't be in favor of sending Wall Street ten dollars to accomplish that. And I suspect you feel the same way.

No, the real issue is the $700 billion: Who gets it, to what end, and what we all get in return. Those are the things to keep your eye on.

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