Bosses' Greed Releases Class Politics Genie

ft.com — This week, America discovered class war. Newt Gingrich denounced the Treasury's $700bn plan to flush the toxic debt off Wall Street balance sheets as a "very, very bad idea" and accused the White House of being bamboozled by its ex-Goldman Sachs advisers.

John McCain railed against CEO "greed" and said no boss of a corporation bailed out by the government should "be making more money than the highest paid government official". Rupert Murdoch's New York Post newspaper ran a two-inch-high front-page headline that simply read: "FRAUD ST". And that's just the voices on the right.