Interesting interpretation I hadn’t considered, Stephen. To me a stockbroker is not a rank-and-file worker, but an executive (at the very least a professional). If Robinson is indeed arguing what you suggest he is, it is even more ridiculous, as you say. In any event, I’ve come across the argument in various forms, and most of them suggest that the Right are happy to see their “friends on Wall Street” continue earning millions at the public expense, while denying middle-class auto workers a much lower wage. It’s just not true, and it needs to be rebutted, as you have done (although the best answer would have been no bailout in the first place, of course).

About the Author
Iain Murray is vice president for strategy at the Competitive Enterprise Institute.
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