Man, you’d think CNBC host Mark Haines is living in some parallel universe where the economy was f*cked up by minimum wage workers. He insists, in this clip via Think Progress, that you need to pay these performance-deficient executives more than 98% of the U.S. population because…well, they must be brilliant or something. WTF?
HAINES: Let’s get back to what I regard as a fundamental issue here. I know it’s politically unpopular, politically incorrect. I know it goes against all of the populist indignation that’s out there right now. But you can’t really, it seems to me, expect that these Wall Street companies are going to be run well by a bunch of people who don’t make more than $250,000.
This “fact” is coming straight out of his pasty posterior. Even worse, apparently he defended the Wall Street thieves by comparing them to the virtues of the Nazis. I sh*t you not:
It’s just like when the Allies were victorious over Nazi Germany in World War II, when we occupied the country, we left a lot of Nazis in place because they were the ones who made the trains run on time and the bureaucracy function properly, etc. And it was distasteful, but you needed them.