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)
- The San Jose lawsuit against Major League Baseball should be thrown out of court 34
- San Jose sues Major League Baseball, challenging its monopoly power 26
- Original Biogenesis source: “the people running Major League Baseball are the biggest scumbags on Earth” 41
- Brian Cashman calls out Yankees hitting coach Kevin Long 52
- And That Happened: Monday’s scores and highlights 84
- MLB hands down the suspensions for Tuesday night’s Dodgers-Diamondbacks melee (111)
- Neil deGrasse Tyson explains why beanball wars are stupid (104)
- Democrats beat the Republicans 22-0 in the Congressional Baseball Game (98)
- And That Happened: Wednesday’s scores and highlights (97)
- And That Happened: Thursday’s scores and highlights (88)
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- CSN: Bruins' defense never rests in Game 3 win
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- PFT: Rodgers says Packers' moves a 'wake-up call'