The Wall Street layoffs resume and pick up speed. It’s not just the Dollar Bills of this area who cheer this sort of thing – Ol’ Bill is too blinded by hate to have any rational thought on the subject but plumbers, carpenters, doctors, home sellers and even real estate agents should be able to see what will happen when the faucet is turned off.
Many don’t. I recall being at a sales meeting at another firm when news of the Lehman bust provoked a loud cheering. My peers were delighted to see some Wall Streeters brought down but as I tried to point out, who did they think was buying the houses we were trying to sell? I’m as appalled at the excesses of some of our newly rich as anyone but I know who’s buttering my bread.