Our Consumer Plutocracy
We Americans dwell in a consumer plutocracy, and the plutocrats don't even bother to be cute about it any more. Barack Obama, hailed by the geniuses of new media as a populist saviour, has surrounded himself with a team that was already bought and paid for by the financial services industry before they ever walked into the White House.
Larry Summers collected $5.2 million last year from his part-time job with a hedge fund.
$5.2 million for a part-time job!
One day per week!
"And just in case you ever get a big job in Washington, Larry, remember who your friends are!"