Tuesday, March 17, 2009

It's not about a few bonuses

The AIG bonuses are all over the media right now as another charade takes place much like the committee that Waxman headed when the auto execs were being grilled. Remember, they offered to work for $1 dollar salary this year. We pointed out that Mullaly, the Ford CEO received $28 million for 4 months on the job at Boeing in 2006 and received somewhere in the region of $11 million for signing on at Ford.

We should not be fooled by the phony public displays of anger by their politicans. Barak Obama is being one upped by the entertainer Whoopi Goldberg making lots of noise and telling us how angry they are.

This is a result of the massive anger that lies beneath the surface of US society, they have to feign disgust themselves at their friends swindling of the US taxpayer but this is multi millionaires scolding multi multi millionaires---it's a smoke screen.

One of the reasons they are staging these public thrashings is to avoid the real issue, that is the system itself. This is a crisis of capitalism, it is not a problem of a few bad apples as they would like us to think. In the papers of their serious joiurnals, the capitalist class is debating the future of their system as never before; some of them have called the obsession with the bonuses and CEO pay a "red herring" pointing out that the system itself is what needs to be the focus of discussion and they are correct.

They have been calling for a more friendly capitalism, a capitalism that puts human need and personal relations above the making of money which is an impossibility. They are advising their class to read Marx----they don't advise us to read Marx.

The prisons are full of working people, we all know they take care of their own. Let's not be fooled by their phony displays of anger and keep our eyes on the prize.

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