The first world war was originally called "The War to End All Wars" and "The Great War." Then, along came Hitler, Hirohito, and Mussolini. Pearl Harbor sealed it and we had "World War II." The "Great War" was relegated to "World War I."
After the stock market crash of 1929 we had the "Great Depression." Here we are in 2009, experiencing an "extended recession" or "repression." If it turns out to be worse than the 1930's, will it become "Great Depression II" or the "Greater Depression?"
If it is not quite as bad, will it be the "Good Depression?"
Monday, March 30, 2009
Saturday, March 21, 2009
Bonuses?
The corporate media and congress has spent an entire week on AIG's bonuses? If I hear outraged one more time I'll be outraged! They are contracts, they can be renegotiated (don't give them the next $30 B until they do). Ask GM and the UAW. Enough already.
This is a distraction. The bonuses are less than .1% of the bailout money given to AIG. What about the $170 billion of taxpayers money they've already received for their bailout?
Where is the investigation? Shouldn't there be subpoenas and indictments?
The real story is not bonuses. It's criminal activity.
This is a distraction. The bonuses are less than .1% of the bailout money given to AIG. What about the $170 billion of taxpayers money they've already received for their bailout?
Where is the investigation? Shouldn't there be subpoenas and indictments?
The real story is not bonuses. It's criminal activity.
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