Rep. Emanuel Cleaver’s apology for voting to tax Wall Street bonuses was pathetic (3/29, Local, “Cleaver asks for forgiveness over AIG vote”). He states that they had a contract. Well sir, so did the autoworkers.
Corporate America has created two types of politicians — not Republican or Democrat, but those bought and paid for and those for sale. Cleaver just put his sign in his front yard.
We, the taxpayers of America, are bailing out a system that will destroy our country. Corporate capitalism is not the capitalism that made America great. The capitalism that we know rewarded hard work and invention. Corporate capitalism pays huge salaries and bonuses to people who have driven their companies into the ground.
Corporate capitalism (not world demand) brought us $4-a-gallon gas. That was three hedge funds (two of them American) playing pingpong with oil.
The list is endless. Just let them fail.