DISQUS

ZellM · 1 year ago

Morgan:

This data, if true, is incomprehensible. Is there another source to back up this claim? The reason I ask is because I noticed that the source of the data is Alternet. Alternet has absolutely not credibility at all. They are extremely biased (liars).

morganb · 1 year ago

Hi Zell,

I think the devil's in the details. The number $108 billion was the earmarked figure for salaries and compensation - not the actual number. I suspect that with layoffs, corporate bonus restructuring, etc. the number will be lower - by how much is the question.

Victoria · 1 year ago

This country won't see a recovery until people, I mean workers get educated, involved and understand what politicians do. It is very easy to give away money when your actions are not followed. The myth that IF financial institutions go to bankruptcy, the national economy will go too, is fed by the same institutions. ...Ignorance make people believe whatever the BIG ones said.
I am sorry to tell you, but the government have to help the people, the ones who make this country prosperous, NOT the institutions who are destroying it. Bailout the people, not the ones who suck the blood of the economy.
Extend unemployment to cover those affected, it will be less costly and more effective. And teach everyone not to borrow for frivolities.

CJ · 1 year ago

Morgan -

You confirmed my worst fears. I have been criticized for not wanting to support the bail out of the 3 American motor companies. People have said, don't you realize people will lose jobs? But this is exactly what I am concerned about. The wrong people getting the help.
Great post!

Kelly Rusk · 1 year ago

Un-freakin'-believable!