White House & Big Business

In his blog yesterday, Robert Reich wrote about a super-big shot who met last week with President Obama. He is Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. And he is utterly delighted over the president's agreement to extend the Bush tax cuts. (30 more CEOs met with Obama yesterday.)

Reich points out that:

* Dimon's average compensation in the last three years was $21,991,394 a year.

* The Obama tax deal will give Dimon an extra $1,179,000 next year. ( Source: Citizens for Tax Justice)

* Dimon's bank was also the beneficiary of the Wall-Street bailout of 2007 and 2008.

So now must be the time to sit back and watch Dimon's riches trickle down to the serfs.

Trickle. Trickle. Trickle..

Oh thank you, thank you, your lordship.