You've Got To Be Kidding

Fool me once shame on you. Fool me twice, start a revolution. You have got to be kidding. AIG now is taking the money the government gave them and paying out MILLIONS of dollars in bonuses. Listen up all my friends who work for a living...they are taking your dollars (we now own eighty percent) and paying out not thousands, not hundreds but MILLIONS OF DOLLARS to individuals. Some people are receiving a million dollars and more in one check! You are going to love the rationalization--it would be illegal not to pay them. Oh OK. WHAT!!!!!!!!!! You mean the company that bought tons of bad derivatives, the very people the financial arm of AIG the very people that bought this stuff...THEY ARE THE ONES GETTING THE MONEY! It would be like driving a bus off a cliff and then getting paid a million dollars for doing it. The treasury department raised a stink but determined the bonuses are LEGAL. WHAT???????????? So, a company that would not be in existence except for tax payer money (EIGHTY PERCENT) is saying that legally they have to pay the people who bankrupted the company. COME ON. Tell me they would pay them if they went bankrupt. This is straight highway robbery. You have to love the CEO justification. They can't attract quality people unless they pay them well. WHAT! Quality people! A bag lady who did nothing but sit at a desk could have done a better job than these guys--she at least wouldn't have thrown the money away on worthless mortgage back securites! These are the people who threw the company under the bus and now us. GIVE ME A BREAK. I mean if you are going to rob a bank and steal money at least use a gun and call it what it is. But to say it is legal is an insult to every person with an eight grade education. Even a kid knows when they are being gypped. And we are being gypped in the worst way. And here is the real shot between the eyes. They don't want to tell anyone what they are doing with the billions they are paying out. That money is going to Bank of America and others through back door insurance policies. So we are giving the money to more people who are paying other people bonuses and giving them trips.
The United States=Plutocracy. Rule by the wealthy. Plutocrats. A-I-G.

http://www.billhazelgrove.com

The Death of the Old Economy

We are living through massive change: nothing short than the death of the old oil based economy and everything that goes with it. Our twentieth century economy is woefully inadequate for twenty first technology that moves at lightning speed. The old economy depended on backroom deals and snuggling up between trading partners. That was left behind when a keystroke can sell millions of stocks and there is no time to correct the problem. The old economy was put together by old white guys who made sure they got theirs first and then gave away what was left. The problem is the world demands more now and via the internet they are going for it. This brings us to the next problem--there is not enough of the pie to go around in the oil economy. The wealth bottlenecked at the top does not trickle down and makes for bad judgement. Bad judgement worked in contained economies like the United States where everything could be rigged for the company. Not so in the global ethernet economy. The consumers will not behave. They will not be coerced. They have too much information and the media is telling them that things are not right and their gas guzzling cars and bloated homes have no value anymore. So they shut down. Immediately. A real product of the wired info age. The big exececutives can no longer lie and have the media disseminate the product. Even the richest oldest white guy Warren Buffet couldnt bluff everyone back into buying. They are watching in real time their 401Ks and stocks goe down and they will not be fooled again. A lot of people have pulled out and the ones that stayed are not buying. So we are seeing the auto companies fail and all their concommitent parts. The oil economy is dying. We know now we must have fuel efficent cars and no one wants to drive anymore. A new economy will eventually emerge that will be fully wired, cyber based, and not dependent on foriegn oil. And it will boom. It will be so efficent it will make this old oil based capitalism look like something from the stone age. But until it comes, we are going to live through the death rattle of the twentieth century fossil fuel plutocracy. It will not be pretty.
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