It is a harsh judgment, but why do you think the most overtly right-wing media outlets in this country (like Fox) allot so much space for trivial stories and events? Because they are more honest and understand the value of triviality. And before you accuse me of being an embittered geek, I am an ex-athlete. I lettered in three sports in high school and tried to pursue one of them professionally. Until a year or so ago, I still followed one of those sports, that was until I could no longer stomach the thought of liking a game populated by degenerate steroid abusers.
At some point, we need to confront reality for what it is, and stop dreaming. We are living a nightmare in this country, and it was a nightmare caused by the very same people who will be advertising their products to you at tonight's game. Most odiously, it includes a culture of thievery and swindling that has cost us trillions of dollars in the last six months, in savings, in jobs, in loans, foreclosures, and thanks in no small part to the criminality of our friends in high finance.
The corruption of those banks encompass behavior like taking hundreds of billions of dollars of your money as a taxpayer, while precipitously increasing your APRs, decreasing your line on credit, spending millions of dollars (of our money) on corporate jets, office improvements for CEOs, and extra bonuses for these unconvicted felons. The response? In most countries, we would be lining these people up for the guillotine. Here, we still have politicians who defend these practices as being good for our economy (with the expectation that they will say it without losing their lives). That is what happens when you have a population whose concept of political awareness is restricted to voting and watching an Inaugural ball.
Until you wake up, we (you know, the people who are awake) should be demanding our elected officials to take action. In this case, thankfully, there actually is at least one person in elected office who at least pretends to care, and responded to the recent pay raises from corporate executives in kind.
Angry senator wants pay cap on Wall Street 'idiots'
WASHINGTON (CNN) -- One day after President Obama ripped Wall Street executives for their "shameful" decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough.
An angry U.S. senator introduced legislation Friday to cap compensation for employees of any company that accepts federal bailout money.
Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States.
Obama's current annual salary is $400,000.
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses." Watch McCaskill's heated words »
McCaskill's proposed compensation limit would cover salaries, bonuses and stock options.
On Thursday, Obama said the prospect that some of the $700 billion Wall Street bailout could end up paying for bonuses to managers of struggling financial institutions was "shameful."
The president said it was the "height of irresponsibility" for executives to pay bonuses when their companies were asking for help from Washington.
"The American people understand we've got a big hole that we've got to dig ourselves out of, but they don't like the idea that people are digging a bigger hole even as they're being asked to fill it up," Obama added.
McCaskill's proposal comes three days after struggling banking giant Citigroup--which has taken about $45 billion from the government's Troubles Asset Relief Program--reversed plans to accept delivery of a $42 million corporate jet. The company changed its mind under Treasury Department prodding.
Former New York Mayor Rudy Giuliani defended corporate bonuses Friday, saying that cutting them also means slashing jobs in the Big Apple.
"If you somehow take that bonus out of the economy, it really will create unemployment," he said on CNN's "American Morning." "It means spending in restaurants, less spending in department stores, so everything has an impact."