WHERE ARE OUR BONUSES?

Written by Jim McGrath Tuesday, 29 December 2009 19:35

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A funny thing happened on the way to the ownership society, investment capitalism for everyone, privatization of social security, Morning in America, and the securitization of everything: when the magic of the marketplace failed, government stepped in like European politicians or Chairman Mao and socialized big bankers' losses, while privatizing their gain, allowing them to pocket it all, in the words of Nouriel Roubini. Heads I win, tails you lose: if we fail, the government supports us, if we succeed, we private industry, get the money.  Then, a step further: like the $29 billion Goldman Sachs has set aside for bonuses for this past year -- not only are their losses socialized, but their salaries and bonuses, too, come based on government largesse, even as great reward for their failure and fraud. Again it is only RED SOCIALISM when it happens for the little guy, like increases in housing programs or financial support through difficult times, but when done for the big boys, it's capitalism. WHERE IS OUR BONUS, COMRADE GEITHNER AND PAULSON?

 
Peace Now is the mission of this blog.  Political action is the medium.  With the war in Iraq still raging and 2008 an election year, the possibility for dramatic political change exists if the opportunity is seized.  Bush's bungling on the war is breathtaking.  His failures on everything else, from Kyoto to Katrina, are catastrophic.  He is afflicted with reverse Midas.  Administration fiascos have become so commonplace, Calamity George has replaced Calamith Jane.  Peace Now is a sleeping giant in this country.  This blog will attempt to wake him up.  The anti-war movement has been anemic and ineffective, and that needs to change.  This blog hopes to do just that.

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