Friday, December 4, 2009

Big Bonuses for "The Best"

One of the many ridiculous things that the American people are supposed to swallow these days is that, if the likes of Goldman-Sachs and the other financial terrorists that have helped destroy the middle class are not paid huge bonuses (enough to finance entire communities), then the "best and brightest" will go elsewhere and the recovery will not happen. This is STUPID on so many levels it is difficult to know just where to start.

One, these losers are the ones that screwed the pooch to begin with. They over-leveraged their companies (it is hard to call them banks anymore, that is just one element of what they do) in order to make greater short-term profits. As a result the odds finally fell against them, as they would over time, and the house of cards is crashing down. How are these people the best and brightest? They clearly know how to play the system, and the nation along with it, but best and brightest? Hardly the best, and I do not even believe they are particularly bright. Excellent at the limited facet of humanity that they have chosen to corrupt, absolutely! Brilliant? Perhaps some, but only a few of the many I have personally met. Frat boy seems a more appropriate term for the majority of them.

Two, where are these best and brightest going to go? People who want to restrict the huge bonuses (not the least of which, the investors, from whose pocket these bonuses come) are not saying that a single investment company should be regulated, but that all of them should. So where are they going to run to? Do they think that foreign companies really want to hire them? These losers are to finance what Arthur Anderson came to represent in accounting...failure. A relative handful of people orchestrated this economic meltdown, and now they expect to be enriched to help fix the mess that they caused. I think they should be held accountable, and forced to work for minmum wage until the economy is back on track. You want big bucks for good work, then except crap money for the shoddy work you have been turning out.

Three, what makes anyone believe that these losers are even capable of fixing the problems? They weren't bright enough to prevent this from happening, and they were the ones closest to the levers of control. They had to have seen this coming long before the majority, or at least they should have, but they seemed just as surprised as many people. Harvard University, the people who produce the "finest business minds in the country" lost BILLIONS of dollars in the past year. I think these people are wresting on laurels earned generations ago. These people do NOT know what they are least I pray that they do not. If they do, then this entire economic meltdown was planned. That sounds like a conspiracy theory, and it is probably nothing more than that. But the options are A) these people do not know what they are doing, or B) they do, and this was their goal, or at least a step towards their goal, all along.

Which answer makes you more comfortable?

No comments: