Blog Running – ‘AIG CEO: Anger over AIG bonuses ‘just as bad’ as lynchings’ – ‘House Republicans Vote to Keep Bush Tax Cuts for the Richest 2%’ – ‘House GOP Approves Plan Cutting $40 billion From Food Stamps’
Anger over millionaires getting ‘bonuses‘ while the middle class is desperately holding on to jobs is akin to lynchings of blacks in the South.
And we can’t ‘pick’ on just one class – so lets cut food stamps to the poorest Americans.
That’s ‘fair’ isn’t it?
‘AIG’s CEO Robert Benmosche — who came in to rescue the company after the 2008 financial crisis — told the Wall Street Journal that the outrage over the bonuses promised to AIG’s members was just as bad as when white supremacists in the American South used to lynch African Americans’:
“The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitchforks and their hangman nooses, and all that — sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.”
‘Yes, enduring some public criticism for receiving multimillion-dollar bonuses after helping crash the global economy is a lot like being hanged from a tree by your neck until you die’.
‘These kinds of sentiments don’t emerge in a vacuum. Benmosche is expressing a view that was pretty common back in 2010 and 2011, when it was kind of a thing for members of the besieged 1 percent to compare public anger over their compensation to the way Nazi Germany treated the weak. There was supermarket mogul John Catsimatidis’:
“Taxes are going to go up regardless. What I’m afraid of is, we shouldn’t punish any one group. Whether we’re punishing people who are wealthy,” he said. “New York is for everybody; it’s for the poor, it’s for the middle-class, it’s for the wealthy. We can’t punish any one group and chase them away. We – I mean, Hitler punished the Jews. We can’t have punishing the ‘2 percent group’ right now.”
‘Blackstone’s chairman Steven Schwarzman had this to say’:
“It’s a war,” Schwarzman said of the struggle with the administration over increasing taxes on private-equity firms. “It’s like when Hitler invaded Poland in 1939.”
From : http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/24/aig-ceo-anger-over-aig-bonuses-just-as-bad-as-lynchings/
‘House Republicans Vote to Keep Bush Tax Cuts for the Richest 2%’
‘In a reverse of last week’s Senate action, the U.S. House of Representatives today approved (256-171) a bill (H.R. 8) to extend the Bush tax cuts for the nation’s wealthiest 2%— about $160,000 a year for the average millionaire’.
‘The House defeated (257-170) a Democratic alternative amendment to maintain the cuts for the middle class but end the tax breaks for the rich’.@ : http://readersupportednews.org/news-section2/320-80/12739-house-republicans-vote-to-keep-bush-tax-cuts-for-the-richest-2
‘House GOP Approves Plan Cutting $40 billion From Food Stamps’
‘The House approved a Republican plan on Thursday to cut food stamps by some $40 billion over the next ten years. The measure was approved 217 to 210, without the support of a single Democrat. 15 Republicans also voted against the bill’.
‘The Congressional Budget Office estimates that nearly four million people would be removed from the food stamp program under the House bill. A Census Bureau report released on Tuesday found that food stamp’s had kept about four million people above the poverty level while preventing millions more from sinking deeper into poverty, the New York Times reports’.
From : http://www.slate.com/blogs/the_slatest/2013/09/19/house_gop_leaders_approve_a_measure_to_cut_40_billion_from_food_stamp_program.html