Steven Pearlstein: Blame for financial mess starts with the corporate lobby - The Washington PostQuicklink submitted by Amanda Lang Permalink
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|Another great week for Corporate America!
The economy is flatlining. Global financial markets are in turmoil. Your stock price is down about 15 percent in three weeks. Your customers have lost all confidence in the economy. Your employees, at least the American ones, are cynical and demoralized. Your government is paralyzed.
Want to know who is to blame, Mr. Big Shot Chief Executive? Just look in the mirror because the culprit is staring you in the face.
J'accuse, dude. J'accuse.
You helped create the monsters that are rampaging through the political and economic countryside, wreaking havoc and sucking the lifeblood out of the global economy.
Did you see this week's cartoon cover of the New Yorker? That's you in top hat and tails sipping champagne in the lifeboat as the Titanic is sinking. Problem is, nobody thinks it's a joke anymore...