Houston venture capitalist Bill Perkins expressed his outrage at the Wall Street bailout in the form of cartoons in the "New York Times."
While many taxpayers and financial experts are wringing their hands at over the government's Wall Street bailout, Houston venture capitalist Bill Perkins expressed his outrage in the form of cartoons.
Perkins discusses his strategy to give his anti-bailout sentiments some street cred by using his own cash to buy a series of full-page cartoons in the "New York Times" depicting U.S. Treasury secretary Henry Paulson and others as 'new' communists.
Perkins says: "I was outraged. I felt that the bailout plan was way off-base; I felt that it was leadership by fear and intimidation, as opposed to logic and reason, and that people were being manipulated into going into a path that wasn't being clearly thought out, or really was going to benefit the people it was stated to benefit."
Although the bailout plan has passed, Perkins is still speaking out against the plan. On "The Tavis Smiley Show," he offers his advice to President-elect Barack Obama:
"Right now, by definition, this bailout is an investment in failure ... if you want to stimulate the economy I would look at investing in winners, or good projects, or infrastructure in America, or really, energy efficiency."
"The Tavis Smiley Show" is a weekly show offering a unique blend of news and newsmakers in expanded conversations, along with feature reports and regular commentators. "The Tavis Smiley Show" is produced by Tavis Smiley productions, and distributed nationwide by PRI. This piece is a part of the "Tavis Smiley Show’s" series "My America 2008" which profiles the challenges and triumphs of everyday Americans and how their lives will be affected by the plans and policies of the Presidential candidates.