My Outrage

I am sick of hearing how outraged people are at the bonuses  paid out to some people at AIG and some other finical companies.  A drop in the bucket.  It also showed what a lack of moral backbone these companies and their employees have.

What I want to hear is the voice of OUTRAGE not over the amount of bonus  checks but about the "base" salary.  Remember these people make nothing.  Produce nothing.  Work for a company that Makes nothing.   Produces nothing.  I am sure that they will argue that they make wealth.  The dollar they make does not have the same "value" as the dollar that is made at Ford, GM or GE (that is the one half of GE that still makes something).

A dollar generated at one of these industrial plants pay for labor and for parts.  Each dollar spent purchasing parts generates more payroll and more purchasing on down the line.  Creating jobs and paying taxes.

For the last several years our boom economy has been fueled by credit.  Be it the credit card or people taking money out of their house in home equity.  The pay for the average american is not keeping pace with our economy.  That average is facing higher and higher medical cost and fuel cost and these cost keep on rising.  The difference between what the executives make and what the "workers" make is widening every year.

Tis is where i need to do more reaserch on getting the hard facts.  I will do that this week and post it latter on.

In addition to the salaries at AIG and other banking institutions I have some other OUTRAGES.

The commissioner  Baseball was paid 8 million last year.

Mr. Menard the owner of Menards had a salary of 20 million dollars and if fighting with the IRS over taxes.  He needs to spread some of that money to his employees  so there can purchase itms and help keep the economy going.  The executives need to make less and the workers s more.

More to come on this next week