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Saturday, June 16, 2007

Spitzer: Reverse Robin Hood

For a governor who got elected by amassing a reputation for standing up for the little guy against Wall Street bankers, Governor Spitzer sure got taken to the cleaners by JPMorgan Chase. Mr. Spitzer yesterday acknowledged that the bank — 2006 profits, $14 billion — was getting a subsidy for its new downtown building of more than $200 million — or more than $25 from every man, woman, and child in New York City.

"Standing up for the little guy" has always and everywhere been "boob bait for the bubbas." Anyone who uses it will also use that other POS slogan: "for the children." How anyone can still fall for that without gagging is beyond hope.

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