It's OK, Because They Cared About the Poor

... and they cared about children and the environment, too. When it was time to spend money on education and welfare and green technologies, they didn't stand up and yap about corporations or profits or jobs or revenues or silly stuff like that. No, they cared.

Greece.

Jan. 13 (Bloomberg) -- The Portuguese and Greece economies may face a “slow death” as they dedicate a higher proportion of wealth to paying off debt and investors demand a premium to hold their bonds, Moody’s Investors Service said.

California.

Jan. 13 (Bloomberg) -- California’s hopes are fading for federal help in closing a projected $19.9 billion deficit that has caused the lowest-rated state’s borrowing costs to rise 26 percent in three months ...

Investors are growing more concerned that California, the world’s eighth-largest economy, will repeat last year’s fiscal crisis that forced it to use IOUs to pay bills ... “There’s a huge amount of concern about California,” said Howard Cure, who helps handle municipal-bond investments for Evercore Wealth Management in New York, which oversees $1.5 billion. “There’s a relatively large reliance on hoping that the federal government will send extra money their way. It’s going to be very politically difficult for that to happen.”

I'll bet there are a lot of you out there who didn't care. You know who you are, you greedy fatcats.