AIG, lies and corruption.

Rightly there is a great anger about the bonuses at AIG. But seldom heard in the bosses mass media are two important facts. In the election campaign between McCain and Obama both these capitalist politicians took over $100,000 from this company for their election campaign. Here in the US they call this campaign contributions but in reality they are bribes to gain political access and favors. 

Then there is the other thing about the AIG scandal and crisis. Because they allow the company to continue to be run on capitalist lines the government is over a barrel. They have to go along with its capitalist ways, corruption, mega salaries, profits coming first. We have argued and continue to argue for nationalization of AIG and all the financial industries under workers control and management with compensation on the basis of proven need only. This proven need to be decided by elected committees of rank and file workers. This would provide a financial pool of resources nationalized under workers control and management which could be used to invest in what is needed in the economy and in doing so provide jobs at union wages and conditions. 

But this is not happening. No the Obama regime like the Bush regime before it licks the books of big business and capitalism and so the rich continue to fill their pockets while the working people get poorer. And at the same time the ground is being prepared for a new and even greater economic crisis. 

Sean.