Friday, March 20, 2009

Let Them Eat Bonuses

So the pheasants seem to be in revolt. Who could have predicted?
    FAIRFIELD, Conn. — Pillars of the community are now pariahs fearing for their safety in a ritzy area of Connecticut home to many executives at American International Group Inc., hit with a backlash over bonuses it paid to top brass even as it accepted federal bailout money.
    FAIRFIELD, Conn. — Remaining employees in AIG's financial products group are worried that the angry America mob will tear them limb from limb.
    They watched quietly as members of Congress referred to them as greedy and incompetent. They heard more than one demand that their names be released to the seething American public. They heard the chairman of American International Group, Edward M. Liddy, tell lawmakers that people, in e-mails sent to AIG-FP, suggested that the firm's leaders "should be executed with piano wire around their necks."
Your old Sarge has a day job working security at a local military post. Most of my coworkers are right of center, and exist on a steady diet of right wing talk radio. The vast majority buy into the talking points that have permeated American Society for the last 29 years, starting with Saint Ronnie.

It has been this constant flow of propaganda, coupled with a News media that has been bought and paid for by the corparates that has always insulated the 1/100th from any negative consequences of their actions. No act of theft, no matter how brazen or outrageous could get people to stop paying attention to the next American idol.

Thus it comes as somewhat of a shock to the New American Royalty that ordinary Americans might start to reject “bidness as usual”:

And the idea that the system might possibly be rigged so that those on top got their money not by being the most productive, but simply because they were the most successful at gaming the system.

While not quiet as long as the first one 100 years ago, the 2nd gilded age enjoyed a remarkable run in the face of one scandal or another that resulted in the Screwing of the Average Man (Read the book if you can find a copy).

Its time, however, may be past.