Feb 10, 2010, 4:12 PM EDT
Obama’s smooth. Look how he slams Carlos Zambrano and Vernon Wells without even mentioning their names:
President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.
The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
Paul Krugman predictably goes nuts, arguing that unlike bankers in this day and age, ballplayers aren’t beholden to taxpayers and the government. Krugman lives in New York, I presume. Guess he doesn’t get up to the Bronx or over to Queens very often, because there sit a couple billion dollars worth of public largess that does indeed benefit the ballplayers and the men who employ them. And that’s before you get to the government-granted antitrust exemption.
But that’s a nit, I suppose, because I generally agree that bank CEO pay is horrifying. It’s just that when it comes to criticizing it with baseball analogies I’d take a different approach than Krugman does. For example, I might note that in baseball, unlike in banking, you get punished for gambling.
(thanks to Pete Toms for the links)
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- Mike Trout is the best MVP choice, but . . . 12
- Baseball is dying, you guys, because no one would recognize Mike Trout in a bar 47
- And That Happened: Thursday’s scores and highlights 73
- Alex Gordon and the M-V-P chants 42
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. 217
- And That Happened: Wednesday’s scores and highlights 63
- David Price surrenders nine consecutive hits to the Yankees in the worst start of his career 29
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare (247)
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (217)
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- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)