Obama's Bailout Double Standard and the Revival of Reaganism

Brave New Films
April 01, 2009Video

I appeared on Rachel Maddow’s MSNBC show last night to discuss the seeming double standard between the Obama administration’s treatment of car companies and Wall Street firms. You can watch it here.

There is clearly a double standard at work: Just a few days ago, Wall Street executives were hosted at the White House for a cheery photo op and reassurance that they will be getting hundreds of billions more in no-strings-attached bailout cash. Then this week, Obama demanded the firing of GM’s CEO, and said he may withhold the mere $30 billion or so that the automakers are requesting.

I’m not saying that automakers don’t deserve to be pushed around, nor am I saying even that GM’s CEO shouldn’t have been fired. What I am saying, however, is that there are two different standards at work here.

Report typos and corrections to: feedback@alternet.org.

Should Trump be allowed to hold office again?

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.