Naomi Klein's got a new one about the bailout

And the folks at Morgan Stanley? They're planning to pay themselves $10.7 billion this year, much of it in bonuses — almost exactly the amount they are receiving in the first phase of the bailout. "You can imagine the devilish grins on the faces of Morgan Stanley employees," writes Bloomberg columnist Jonathan Weil. "Not only did we, the taxpayers, save their company...we funded their 2008 bonus pool."

She argues convincingly that Obama won't be able to do jack shit unless he first takes action now to stop this bailout racket. "The New Trough" it's called. Check it out.