President Obama compares Bank CEO salaries to ballplayer salaries

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Obama’s smooth. Look how he slams Carlos Zambrano and Vernon Wells without even mentioning their names:

President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.

The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

Paul Krugman predictably goes nuts, arguing that unlike bankers in this day and age, ballplayers aren’t beholden to taxpayers and the government. Krugman lives in New York, I presume. Guess he doesn’t get up to the Bronx or over to Queens very often, because there sit a couple billion dollars worth of public largess that does indeed benefit the ballplayers and the men who employ them. And that’s before you get to the government-granted antitrust exemption.

But that’s a nit, I suppose, because I generally agree that bank CEO pay is horrifying. It’s just that when it comes to criticizing it with baseball analogies I’d take a different approach than Krugman does. For example, I might note that in baseball, unlike in banking, you get punished for gambling.

(thanks to Pete Toms for the links)

Mike Fiers may not be ready for start of regular season due to back issue

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Anthony Fenech of the Detroit Free Press reports that Tigers starter Mike Fiers is dealing with a back issue and may not be ready for the start of the season. Manager Ron Gardenhire characterized the injury as a “stiff back” and added, “Maybe a little bit of a bulging disk or something like that.”

Fiers, 32, signed a one-year, $6 million deal with the Tigers in December. He has had a forgettable spring, yielding 12 runs on 10 hits and eight walks with seven strikeouts in 11 1/3 innings.

Fiers had a rotation spot locked up along with Michael Fulmer, Jordan Zimmermann, and Francisco Liriano. Matt Boyd and Daniel Norris were battling it out for the No. 5 spot. If Fiers opens the regular season on the 10-day disabled list, both could have spots in the rotation.