Comments on: More on the Bonuses

By: Jennifer

Jennifer — Tue, 03 Feb 2009 19:19:23 +0000

Amen

By: Batocchio

Batocchio — Sun, 01 Feb 2009 21:00:26 +0000

Yeah, the people who cause the financial messes should definitely be the first hit. The idea of merit pay is seen as foreign or dangerous by most of Wall Street.

By: muldoon

muldoon — Sun, 01 Feb 2009 16:42:38 +0000

Yes, yes, I’m sure the Big Money Men worked hard, but your average panhandler on the street could have achieved the same end result–and for considerably less money.

By: felicity

felicity — Sun, 01 Feb 2009 15:22:34 +0000

I’ve read that the real ‘skinny’ behind those obscene bonuses/perks/pay is that the people who benefit from (and award them) are on a sort of conveyor belt running between the big firms. In other words, it’s a I’ll-scratch-your-back-if-you-scratch-mine setup – or – one day a benefittee and the next day a benefitter.

I’m really more concerned, however, with the widening gap between the cost of living and average pay. For example, as a movie-going kid in the ’30′s a ticket cost me 10 cents. Today it costs me 10 bucks. All things being equal, average hourly wage today should be 100 bucks. How’s that for a gap.

By: Crazy for Urban Planning

Crazy for Urban Planning — Sun, 01 Feb 2009 03:14:56 +0000

“I deserve a bonus, I worked hard to get it.” Ian, that statement does remind me of someone. It was George W. Bush during the 2004 Presidential campaign, how many times did we hear, “this is a hard job and I’m working hard.” At least a dozen. Anytime he had to respond to something negative (i.e. everything) he would just say, well, I’m working hard.

To Moonbat, peak oil is real and its beginning to happen in America. We need to all read “The Long Emergency” by James Howard Kunstler to learn more about this important subject. I hadn’t ever read about Cuba’s response to peak oil, thank you for the information.

By: Doug Hughes

Doug Hughes — Sun, 01 Feb 2009 03:11:24 +0000

As I recall, France ran into a disconnect between Wall Street & Main Street (or its Parisian equivalents), and they answered by storming the Bastille. While I don’t expect Madame Guillotine to be set up on New York street corners, a few cartoons showing appropriate heads on the sidewalk and blood running down the gutter might get the point across. Or not.

Prior to setting up the cure to excessive height (which also cures arrogance), Congress might pass legislation with TEETH, that sharply curtails all executive compensation, and mandates fresh management at the top when taxpayer funds are requested (or the government has to take over a failed institution).

By: KevinHayden

KevinHayden — Sun, 01 Feb 2009 00:19:51 +0000

There’s always a disconnect between Wall Street and Main Street. And despite my pcifist ideals, I gotta admit I love it when Main Street gets riled and slaps Wall Street silly, then gives its worst narcissists wedgies.

By: Swami

Swami — Sun, 01 Feb 2009 00:05:01 +0000

Rudy is a lascivious money grubbing icehole. He’s like puke city. But ya gotta hand it to him..Him and his buddy Bernie of little substance cornered the market on Homeland Security stun gun purchases.

By: Ian

Ian — Sat, 31 Jan 2009 22:10:06 +0000

“I deserve a bonus, I worked hard to get it”. Hmm…what does that remind me of? Oh, yeah, the undergrad who believes that because they “worked hard” they deserve an A – despite the fact that they submitted D-quality work.

By: Dave S

Dave S — Sat, 31 Jan 2009 20:42:07 +0000

I think there’s a disconnect between Wall Street and Main Street.

What incredible hubris, using that phrase in support of outlandish bonuses. It is, at least, a true statement. I guess that counts for something.