Friday, 1 February 2008

We need big government

Who do you think said this:

"The direction we are heading in isn't a good one. We need significant fiscal and monetary intervention."

It was Thomas Russo, Vice Chariman of Lehman brothers.

Does the need for this significant "fiscal intervention" extend to his tax payments? Would he be prepared to pay more taxes to finance this fiscal expansion? Or does he want the little people to pay for it?

Here, we have a rich banker, who undoubtedly grew wealthy when banks were busy pumping up the housing bubble. Now that everything is turning into sticky brown stuff, he wants the government to come to the rescue.

1 comment:

Josh said...

And six months ago, he was complaining about how big government should get off the backs of business.