The Limits of AIG Outrage

One witty reader, knowing my exasperation with phony outrage, asks: "Are you outraged by AIG?" Well, yes. But don't think for a moment that a good number of your politicians aren't thinking about how to exploit the legitimate outrage for their own benefit; fixing AIG's bonus problem won't fix the economy; it won't fix income inequality; it won't reduce systematic cost pressures in health care; it won't ameliorate the downside of globalization; it won't help students afford their loan payments.