158 - "We have to tolerate inequality to achieve greater prosperity and opportunity for all": The Right-Wing Mind's Strained Relation To Reality

BLAST THE RIGHT

Jack Clark

Cnn, Government & Organizations, Kcrw, Coulter, President, Hartmann, Bush, Politics, Abc, Limbaugh, Fox, Randi, Npr, Morning, Comedy, Slate, Christian, Story, Reilly, Majority, Cbs, Conservative, Liberal, Nbc, News & Politics, Bill, Sean, Spirituality, Al, Religion & Spirituality, Franken, Maher, Newsweek, Rush, Obama, Society & Culture, O, Democracy, Sedition, Day, Rhodes, Hannity

4.7 • 2.6K Ratings

🗓️ 6 November 2009

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, in a change of pace, a single subject podcast: trickle-down economics and the unsustainable economic inequality and social ills it produces.Sometimes escaping from the mouth of a right-winger is an utterance so jaw-dropping, that it merits an entire show.Brian Griffiths is a Goldman, Sachs international advisor. He was recently discussing Wall Street salaries and bonuses. You've probably

Transcript

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0:00.0	Greetings, you're listening to Podcast No. 158 of Blast the Right.
0:23.9	I'm your host Jack Clark, great to have you on board.
0:27.4	Today in a change of pace, a single subject podcast, trickle down economics and the unsustainable
0:34.4	economic and equality in social ills it produces.
0:38.4	Let's get right into it.
0:40.5	Your sources today include thinkprogress.org, the New York Times, taxfoundation.org, common
0:47.9	dreams.org, CNN, the Wall Street Journal, equalitytrust.org.uk, and Bloomberg.com.
0:58.4	Sometimes escaping from the mouth of a right-winger is an utterance so jaw-dropping that it merits
1:05.8	an entire show.
1:07.8	Brian Griffiths is a Goldman Sachs international adviser.
1:12.3	He was recently discussing Wall Street salaries and bonuses.
1:16.2	We've probably heard that.
1:17.4	The financial industry is all set to award itself a record of $140 billion in total compensation
1:23.8	this year.
1:24.8	Goldman Sachs, all by its loan sum, will pass out $23 billion in bonuses.
1:31.2	Griffiths said, in defense of such numbers, quote,
1:34.8	we have to tolerate the inequality as a way to achieve greater prosperity and opportunity
1:43.1	for all, close quote.
1:46.3	In case your brain has the same reaction mind did the first time I heard that, this doesn't
1:51.0	compute, this doesn't compute, let me repeat it, this former adviser to Margaret Thatcher
1:57.7	said with a straight face, we have to tolerate the inequality as a way to achieve greater
2:04.4	prosperity and opportunity for all.
	...

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