…again, I don’t like these bonuses for various execs when the economy is tanking…
The blind hatred for corporate folks has approached a level of blatant stupidity and absolute insanity. The protesters don’t even understand why they’re angry. Sure, the bonuses are crap…but, uh, guys… YOUR GOVERNMENT created this and allowed it to happen. AIG traded and insured derivatives backed by the quasi-government entities Freddie Mac and Fannie Mae. The Federal government set the rules, set the regulation, and insured them with tax payer money…all so more subprime (i.e., high risk) citizens could by a home.
I think what entertains me the most is what protesters will put on signs as they march in circles and chant. This picture was taken in Seattle…
Casey McNerthney/seattlepi.com
Note the yellow signs and what they say… “it’s time for an economy that works for everyone“ Ummm… see that’s the beauty of Capitalism, it does work for everyone:
In such a system, individuals and firms have the right to own and use wealth to earn income and to sell and purchase labor for wages with little or no government control.
The Capitalist economy is based on everyone having unlimited ability to earn as much as they want. You get out what you put in. Hell, even Sam Walton started with a single drug store in a small town.
So, perhaps the signs should read…
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I’ve been reading along for a while now. I just wanted to drop you a comment to say keep up the good work.