As many of you have seen I don't always stick to the topic of religion, every now and then I'll delve into the world of American politics in my blogs as well. I was sitting at work today killing time before the shift officially began and I happened upon this article on Time.com...
Citigroup Plans Big Bonuses Despite Rules Against Them
Despite the enormous uproar created by the bonus money handed out by AIG, Citigroup plans to hand out millions in bonuses to it's top executives. Three of those top executives will receive over $12.5 million in bonus cash, included among the bonus money is $5 million for James Forese, head of Citi's Institutional Client Group which lost $20 billion in 2008 - Mr. Forese already received $225,000 in base pay for his "services" to the company in '08. Citi has refused to say just how much money it plans to dole out in total but if they plan to dish out over $12 million to 3 of the top dogs alone one can only imagine what the total will be for everyone.
I'll pause for a moment while you go punch a pillow, break a few things, blow stuff up in a video game, or whatever your prefered method of anger dispersal is.
If the AIG bonuses were a slap in the face of the American public then Citigroup just spit a big, fat, juicy loogey right in our collective eye. AIG ignited a furor in the American people like we haven't seen since the pathetic, lackadaisical response to Hurricane Katrina. People are PISSED. I personally know 5 people that have cancelled an insurance policy or closed accounts with AIG in the past week alone, I've seen dozens more stating they would be doing the same online. People are ready to break out the pitchforks and torches and storm AIG's corporate headquarters. Then, not even a full week after the AIG story broke, we get this. I can't help but echo the words of our president back when the outrage first errupted over these bonuses in February - this is shameful. It is an utter disgrace to capitalism and America as a whole.
At this point it's become obvious to me that simple outrage and talk is not enough. They still don't get it. Further action is needed. It is time for the American people to rise up as one and make a statement to our government. Stop giving our money to these bloated banks to hand out to their egomaniacal, greedy executives. It's time for the American government to cease and desist with the doomsday prophecies that if we let these banks fall then it'll be the end of the world as we know it. I'm ready to find out if it's true. I'd certainly rather do that than continue to see my tax dollars handed out to these banks so they can continue to make the rich richer and the poor poorer. Propping up these institutions is getting us nowhere - they've learned nothing. They just continue to do all the same things that got us all into this mess in the first place. Politicians want to talk about all the wasteful spending in Barrack Obama's stimulus bill? How about the wasteful spending of taking the American people's hard earned tax dollars and basically handing it out to the richest of the rich?
I want my money back. I was lied to and I'm calling bullshit. How does one go about suing the Fed for false advertising? I was told that those tax dollars were going to take care of the toxic assets that are dragging our economy down and to fix these banks that we supposedly can't live without. Instead it went towards buying the CEO a new Porche and I fucking want it back. I don't care what the government chooses to spend it on but I refuse to have my tax dollars going into the pockets of rich corporate executives when there are children in this country living on the street and eating out of dumpsters (if they eat at all.) It's high time the government stood up and said "enough is enough." Go to Citigroup, go to AIG, go to any other company that continues to find loopholes in the laws allowing them to hand out ridiculous bonuses to very executives that got us into this borderline global economic depression and tell them we want the bailout money back. RIGHT NOW. Along with any interest that has accrued since it was given to you. Don't have it? Well thenwe'll just have to sieze the assets of the bank itself as well as any executive that was given a bonus out of tax payer money.
It's like we're back in the middle ages again but this time it's not a corrupt king bankrupting his people by taking tax money to from the poor and using it to line his own pockets. This time it's corrupt corporate executives doing it and, what's worse, it's our supposed government "of the people, by the people, and for the people" that is acting as their muscle to take it from us. It needs to stop. These people have an addiction. It's like we having a banking sector filled with heroin addicts and instead of taking the heroin away we just keep feeding them more and more while telling them "here, this should stop your pain for now but you have to stop shooting up!" Cut off the flow of cash to these companies from tax payer dollars, tell them if they're going to insist on handing out huge bonuses to people that don't deserve it then they can use their own money to do it. If they collapse because of that then oh well, it's their own fault.
I refuse to accept this belief that the American people can not survive without these gigantic corporations. We have proven our unyielding resiliency in the past and we will prove it again. Let them collapse, new banks will rise to take their place, it is the American way. If it takes civil unrest on par with the Boston Tea Party to get our government's attention then so be it. Trash offices, smash out windows, torch cars, spraypaint all over your local branches of these big banks, destroy their signs, if you live near the corporate offices of one them then harrass the executives as they go in and out of the building, spraypaint their $10,000 suits - you paid for it anyway (even better go all PETA on them and dump blood on them.) I mean it. Words obviously aren't enough. If it's going to take action on the part of the masses to stem the tide of greed then lets show them action. Make it perfectly clear that we've had it with their ridiculous self-serving greed. I really mean it, it's time for American's to send a giant, collective message to these assholes and that message is simple: