Chamber of Commerce Launches $100 Million Campaign to Protect Wall Street's Power at Our Expense
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The IMF helped create today's economic crisis by teaching U.S. banks that wrecking the economy could be profitable. We shouldn't give them money to do it again. But the argument launched by Donohue and the CoC is even more laughable. In the eyes of "The Chamber," the government's proper role in the economy is to funnel public money to corporate executives.
If we don't ban fake profits and fake bonuses, the bailout cycle will never end.
Zach Carter writes a weekly blog on the economy for the Media Consortium. His work has appeared in the American Prospect, the Atlanta Journal-Constitution and on CNBC.