The White House press briefing which so discombobulated me was Jan 11th's of Gibbs. Way way down, there is an announcement that some of the Wall firms are now giving a total of 47 Billion dollars worth of bonuses to their employees. Is this not scarily close to the sum of the government just made? How can they give these people bonuses at all? Did these same people not just almost bankrupt these firms? And our same government is going to tax the union's health plans? I truly don't know if that is a good idea or not as I have not read about it. But giving these Wall Street bozos bonuses is not. They should be fired. As their new employers, the American people should demand it.
Cause my brain is still having difficulty with this, here's my recap. The execs at the Wall Street firms make years of bad decsions, some fradulent. Meanwhile pocketing gigantic salaries and bonuses, expense accounts. Their firms subsequently cause the economy to lose a way whole shit load of money. People's pensions, including my dad's before he passed, lost big bucks. The housing market hitsbottom. People start losing their homes where they live with their kids. Unemployment goes up. Very few of these clowns lose their jobs. Fewer go to jail or are sued for return of money.
Then these same folk, the execs, (after W, as Robin Williams calls him, admits to the recession,) scare us, our valiant press corps and our dutiful Congress into to giving them billions of dollars and buying significant portions of their bad debt. States are broke, programs disappear. Except the billions to the war, the FBI, CIA and others who failed to stop 9/11 which was, after all their job. Then because Wall Street is now financed by the US government, Wall Street firms start trusting each again, and some of their bad debt rebounds, increases its value( because it's now, so to speak, backed by the US gold in Ft. Knox, our gold.)They weasle out of taxes, worm out of debt, including employee pensions and health care. Virtually no accountability, a lot if not most idiots still there, maybe a couple pay back the government a bit, and now they get billions in bonuses. Not only do they not leave the bailout money in their firms, they do not reinstate pensions, do much rehiring that Ive heard about,
start bailout programs for the lowly employees, nada. I am sure this cash is going only in their pockets or their travel agents. Or Harvards or Yales for their kids tuition. While the administrators at U of I wonder if they can finish this semester. I'm not kidding about that last one. Do I have this about right? In 21st cen. America? Not ancient Egypt, Tudor England or Tsarist Russia? WE ARE SO SCREWED By the way, Im going back to Dr today for tests. So wish me luck. Diane