The Prez's plan to give back $400 to the common worker is taking a hit by the Rebubs. To me it is obvious, because: 1) $400 couldn't really help anyone and it's almost nonsensical; but, 2) the repubs want to put a stop to it.
Just totally forgetting #1 because it is too little too late, is one thing. But #2 is, well, what could we expect from the Repubs. Are they kidding? They have so little concern for the common guy/gal at the workplace that they just can't wait to "serve it up to the big business" that they want to erase the $400 stimulus monies from the "little" guy and dedicate all the monies to business. Yep, another episode of screwing the little guy.
It's just another example of Corporatocracy.
Showing posts with label A.I.G. and the stimulus plan. Show all posts
Showing posts with label A.I.G. and the stimulus plan. Show all posts
Wednesday, March 25, 2009
Tuesday, March 17, 2009
Begrudging Fairness to A.I.G. Bonuses
The gravamen on the latest A.I.G. flap is a little irritating in that: 1. the Fed and the Treasury have known about the new round of bonuses going to employees in London for months. To come out now and make the officers of A.I.G. look like greedy pigs just doesn't have the smell of something untoward; and, 2. lawyers for the Fed and the Treasury Department approved these bonuses based on the rule of law and not on the will to plunge the public knife of hate into the deeply troubled insurance behemoth.
Money is of course money but having a tizzy fit over the bonus money that equals a mere 1% of the bail out is hardly criminal. The manner in which the latest rounds of bonuses was announced to the press was out of bounds and below the belt.
Money is of course money but having a tizzy fit over the bonus money that equals a mere 1% of the bail out is hardly criminal. The manner in which the latest rounds of bonuses was announced to the press was out of bounds and below the belt.
Thursday, March 12, 2009
Stimulus Package: Where's Ross Perot When We Surely Need Him?
Where's Ross Perot we need him? No, I am not talking about leading the country, although I do think he would be a great source of knowledge in these troubled times. I am talking about his ability to get up close and personal with his flip charts. Who could forget his visual effects during the 1992 presidential campaign? Whether we want to admit it or not he did inculcate a lot of difficult information with those big charts and keen pointers.
Every one is in a tizzy over the stimulus package and the bail out of banks. The information is so esoteric that the average citizen doesn't gasp the rationale for the continued loaning to A.I.G. and Citibank, for example. For that matter, many well educated people "get it" but continue to berate the Obama plan for no other reason than to follow the party line.
One huge reason why we must continue to bail out the big boys falls to a concept known as "credit default swap". This is a very complicated bank-to-bank scheme wherein world banks pay off a monthly type of insurance plan (this plan that must be paid monthly for fear of a run on the banks). In other words, A.I.G. and Citibank are wrapped up in a world web from which they cannot be extracted.
So, why bring in Ross Perot? Well, maybe not him physically, but someone who could graphically explain the whole process to us in order to bring credibility back to Wall Street. Yes, we need a Perot type person who is not connected to the financial barons who could flip chart us into some modicum of sanity.
Every one is in a tizzy over the stimulus package and the bail out of banks. The information is so esoteric that the average citizen doesn't gasp the rationale for the continued loaning to A.I.G. and Citibank, for example. For that matter, many well educated people "get it" but continue to berate the Obama plan for no other reason than to follow the party line.
One huge reason why we must continue to bail out the big boys falls to a concept known as "credit default swap". This is a very complicated bank-to-bank scheme wherein world banks pay off a monthly type of insurance plan (this plan that must be paid monthly for fear of a run on the banks). In other words, A.I.G. and Citibank are wrapped up in a world web from which they cannot be extracted.
So, why bring in Ross Perot? Well, maybe not him physically, but someone who could graphically explain the whole process to us in order to bring credibility back to Wall Street. Yes, we need a Perot type person who is not connected to the financial barons who could flip chart us into some modicum of sanity.
Monday, February 23, 2009
Shove more shovels toward S. Carolina
Have the hard core republicans no decency? Almost to a man/woman the Republicans in the U.S. Senate have done nothing but excoriate the ideals of the stimulus package. The constant refrain of "spend, spend, spend" were all over the airwaves by the Republicans saying that the program was just plain "stupid". Isn't it funny that this same group ran as fast as they could to approve Prez. Bush's recovery program before he exited the White House; it didn't matter that they simply approved a "giveaway" to the A.I.G. and a host of other elite companies with no oversight and no regulations.
Now some the Repubs (Senators, Governors, and Mayors) are playing hard ball with the lives of common workers by saying they will not accept the stimulus monies. Others from the same party say they will only accept some of the monies, while others are on-board the spending plan because they sense the tension of Damocles sword and just hope they are right.
The only real problem with all this lofty and sanctimonious attitude is that it is wasting precious time for both business and labor. It accomplishes nothing.
If the party's goal is to play "gotcha" with the prez and the rapid number of Americans who are out of work, then the reality is that they are not the compassionate persons they say they are; if the party's goal is to hope and pray that the prez's plan fails, then in truth, they hope America fails; and, if the party's goal is to reach out to the nation and say "We disapprove the stimulus package because it lacks fiscal soundness" then they hit a sour note with the citizens in the fact that they without doubt or gumption went merrily along with President Bush in approval of a war that lacked merit, cause, or fiscal responsibility.
Which brings us to S. Carolina. Can this state and others like it really place the lives of hundreds of thousands in jeapordy, who desperately need work, by taking a position that only speaks to the rarified and wealthy?
Now some the Repubs (Senators, Governors, and Mayors) are playing hard ball with the lives of common workers by saying they will not accept the stimulus monies. Others from the same party say they will only accept some of the monies, while others are on-board the spending plan because they sense the tension of Damocles sword and just hope they are right.
The only real problem with all this lofty and sanctimonious attitude is that it is wasting precious time for both business and labor. It accomplishes nothing.
If the party's goal is to play "gotcha" with the prez and the rapid number of Americans who are out of work, then the reality is that they are not the compassionate persons they say they are; if the party's goal is to hope and pray that the prez's plan fails, then in truth, they hope America fails; and, if the party's goal is to reach out to the nation and say "We disapprove the stimulus package because it lacks fiscal soundness" then they hit a sour note with the citizens in the fact that they without doubt or gumption went merrily along with President Bush in approval of a war that lacked merit, cause, or fiscal responsibility.
Which brings us to S. Carolina. Can this state and others like it really place the lives of hundreds of thousands in jeapordy, who desperately need work, by taking a position that only speaks to the rarified and wealthy?
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