Tuesday, March 31, 2009

Why, indeed?

Over at thenation.com, John Nichols asks why Auto Gets Tough Love, While Wall Street Feels the Love.

Nichols wants to know:
How come, if the auto industry must feel the pain, the speculators on Wall Street and the CEOs of the big banks and insurance companies only feel the love of the TARP program?

Why is it, as the Politico headline on Monday evening suggested, "Carrots for banks, sticks for autos"?

Why is it that Michigan Congressman Thaddeus McCotter, the chairman of the House Republican Policy Committee, sounds so logical when he asks, "When will the Wall Street CEOs receiving TARP funds summon the honor to resign? Will this White House ever bother to raise the issue?"

And why does McCotter's answer to his question about the White House getting as tough with Wall Street as it has with Detroit--"I doubt it"--sound so achingly accurate?

All good questions.

No comments: