This is the progressive blog of Jim Swanson, author of "The Bush League of Nations." His focus is to set the record straight regarding the crimes and misdeeds of President George Bush, Vice President Dick Cheney, and the Republican Party (GOP), and to help provide a way forward for America.
"Certainty of death. Small chance of success. What are we waiting for?"—Gimli, Lord of the Rings
Tuesday, March 24, 2009
AIG Bonuses: $165 Million Would Go a Long Way for Peace
The $165 million in AIG bonuses could fund the U.S. Peace Corps worldwide for six months. (The Peace Corps budget for 2009 is $330.8 million.)
Although $165 million is an enormous sum, the total AIG bailout to date is more than 1,000 times greater. It could fund more than 500 Peace Corps for an entire year!
The interest alone (say 5% annually) on the total AIG bailout could fund 25 Peace Corps worldwide in perpetuity.
AIG stands for: “America Is Greed.”
Capitalism unregulated is armed robbery, only worse.
Almost three decades of Reaganomics—capped by eight years of George W. Bush—have royally screwed America.
Deregulate, deregulate, deregulate.
Give trillions of dollars to the Super Rich and Big Business. Run up multiple huge unsustainable deficits and debts.
Bankrupt America both morally and financially. Plant the seeds for the GOP Great Depression II.
Screw generations of the unborn by making them pay for everything. Take the money and run.
Why do we put up with this? Are we nuts?
Don’t we at last have a reason to keep Guantanamo Bay open? Why not fill it with our financial crooks—our Masters of the Universe—and send our best water boarders there?
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