In the past several months Atwater City Councilman Gary Frago has sent at least a half-dozen e-mails to city staff and other prominent community members containing racist jokes aimed at President Barack Obama, his wife and black people in general.
In all, the Sun-Star obtained seven e-mails that Frago sent from October 2008 to February 2009 from an anonymous source.
Perhaps the most overboard e-mail was sent on Jan. 15. It read: "Breaking News Playboy just offered Sarah Palin $1 million to pose nude in the January issue. Michelle Obama got the same offer from National Geographic."
The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?
First, it tells us that Goldman is very good at what it does. Unfortunately, what it does is bad for America.
Second, it shows that Wall Street’s bad habits — above all, the system of compensation that helped cause the financial crisis — have not gone away.
Third, it shows that by rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.