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)

Lenny Dykstra arrested for allegedly threatening Uber driver

AP Photo/Nick Ut
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Former Mets and Phillies star outfielder Lenny Dykstra has been arrested for allegedly threatening an Uber driver early Wednesday morning, Mike Deak and Suzanne Russell of the Courier News report. The official charges include third-degree making terroristic threats and various drug offenses.

The driver alleges that Dykstra demanded he change the scheduled destination and threatened to kill him when the driver refused. Police didn’t recover a gun but they found cocaine, MDMA, and marijuana among Dykstra’s belongings.

Dykstra was released on a summons pending a court appearance.

Dykstra, 55, has found himself in trouble with the law quite a bit. He was accused last year of stealing from and trashing a hotel room in the Hamptons. He spent time in jail earlier this decade after being charged with grand theft auto and filing a false financial report. He also sentenced to jail time after exposing himself to women he met through Craigslist.