Hoping America gets worse

[carolaa]

I think it's a sad state of affairs that the U.S. has come to this. Do you think if they had kept better regulations that there wouldn't be these super corporations now that are too big to fail?

[Neil D]

Oooh, absolutely...The fox [or should that be "Faux"] has been guarding the henhouse for so long that we have gotten used to all those large amounts of $$$$$ and we have been complaining about our insurances going up, and the prices of things going up and such...and guess who has been paying for it? YOU and ME>...Where is the level playing field for competition? It sure ain't around in the financial sector...

[olger]

I pay bonuses to my employees at the end of the year. It's a good motivator for them, and generous on my part.

og

[phkrause]

I hope its for a job that was profitable, and not for loosing you money. What I always liked was when the boss came over and told me or whom ever, what a good job we had done and that the customer was going to bring us more work. Now that's the best bonus I can think of. Almost like when Jesus will come to us and say "Well done thou good and faithful servant." Now that's an even better bonus, a bonus for working for others and not for greed!!!!!

pk

[carolaa]

I agree that many people, including myself, thrive on affirmation for a job well done. But that only goes so far. After a while, you start wondering what's going on if that's the only reward you get for helping someone else's business grow. I guess in this economy, one might just be thankful the business is still operating and they have a job. But typically, in a for-profit business one would expect to be compensated according to their contribution.

[olger]

I hope its for a job that was profitable, and not for loosing you money. What I always liked was when the boss came over and told me or whom ever, what a good job we had done and that the customer was going to bring us more work. Now that's the best bonus I can think of. Almost like when Jesus will come to us and say "Well done thou good and faithful servant." Now that's an even better bonus, a bonus for working for others and not for greed!!!!!

pk

Yup.

It is a profit-sharing bonus.

og

[carolaa]

Quote:

But typically, in a for-profit business one would expect to be compensated according to their contribution.

Isn't that called a salary? In our organization your yearly review takes into consideration your job performance for salary increase.

Sure. It could be a bonus or a salary increase. Or a promotion. Something.

[there buster]

Quote:

Our president takes over $100,000 from AIG in campaign donations. Then he signs into legislation a bill crafted by his own party, with input from his own Treasury secretary, giving mega-bonuses to the execs of this bankrupt, federally bailed-out company — and then goes on the stump to trash the culture of Wall Street as typified by . . . AIG, of course.

Not to be outdone, Senator Dodd denies he put the AIG bonus provision in the bill, then — in a now familiar Obama administration habit — coughs up the truth that he in fact did when the evidence no longer allows him to prevaricate as is his wont. He, like our president, then goes the demagogic route, blasting the Wall Street placenta which nourished him through discounted mortgages, Irish cottages, and Fannie Mae cash — and, yes, like our president with over $100,000 in AIG cash.

We haven't heard from Representative Rangel recently. And why should we, given the failure of the House Ways and Means Committee chairman who oversees tax policy to pay proper taxes on unreported income, Rangel's serial abuse of rent-subsidized apartments, and his shake-down of corporations for money for his "Charles B. Rangel Center for Public Service at the City College of New York" — and, of course, his efforts to get millions from AIG and/or its execs for his eponymous "Center"? (Should we laugh or cry that it is to be a center devoted to "public service"?) But, as in the case of Dodd and Obama, those with the most AIG money in their pockets are usually the ones calling loudest for others' scalps. So ethicist Rangel now uses his position to post facto rewrite tax laws to get back the money from AIG that his party approved, his president signed into law, and he himself used to out-elbow others for.

[phkrause]

Interesting ichabod, where did you get that from.

pk

[Woody]

Quote:

Our president takes over $100,000 from AIG in campaign donations. Then he signs into legislation a bill crafted by his own party, with input from his own Treasury secretary, giving mega-bonuses to the execs of this bankrupt, federally bailed-out company — and then goes on the stump to trash the culture of Wall Street as typified by . . . AIG, of course.

Not to be outdone, Senator Dodd denies he put the AIG bonus provision in the bill, then — in a now familiar Obama administration habit — coughs up the truth that he in fact did when the evidence no longer allows him to prevaricate as is his wont. He, like our president, then goes the demagogic route, blasting the Wall Street placenta which nourished him through discounted mortgages, Irish cottages, and Fannie Mae cash — and, yes, like our president with over $100,000 in AIG cash.

We haven't heard from Representative Rangel recently. And why should we, given the failure of the House Ways and Means Committee chairman who oversees tax policy to pay proper taxes on unreported income, Rangel's serial abuse of rent-subsidized apartments, and his shake-down of corporations for money for his "Charles B. Rangel Center for Public Service at the City College of New York" — and, of course, his efforts to get millions from AIG and/or its execs for his eponymous "Center"? (Should we laugh or cry that it is to be a center devoted to "public service"?) But, as in the case of Dodd and Obama, those with the most AIG money in their pockets are usually the ones calling loudest for others' scalps. So ethicist Rangel now uses his position to post facto rewrite tax laws to get back the money from AIG that his party approved, his president signed into law, and he himself used to out-elbow others for.

Thank you Ichabod. This is very good. Where did you get it? This is well put together ... I would love the reference.