Greed is Not Good: The Ronald Reagan Mantra is Dead

[Joanne98]

The true face of the Republican mantra of "Greed is Good" has finally been seen for what it really is by the general public. When Republican President Ronald Reagan famously said "Greed is Good" the public drank the cool-aid whole-heartedly. The Republican Party launched a 20-year campaign to undermine government and replace non-profit government services with for-profit free market business. Anti-trust laws were weakened and regulations on the financial and banking sector were removed. These efforts can now be directly linked to our current financial crisis that ran amok because the driving principle of greed was left unchecked.

Public outrage boiled over this week when it was revealed that AIG bonuses were funded by us the taxpayers in the form of bailout money. When CEOs and upper management are making salaries that are 400 times that of their workers and after running their company into the ground and losing 98% of the stock value and 156 billion in market capitalization the general public has every reason to be outraged. That someone would then expect to get multi-million dollar bonuses after a performance like this and hide behind what they claim are unbreakable legal contracts is unconscionable. A contract that by the way would have been broken or worthless had AIG gone into bankruptcy prior to not being bailed out with funds from us the taxpayers.

Over the past decade we have seen many Republican politicians devoutly go to church every week in an overtly public display and claim God directs their every move in public life. Yet they have ignored one of the basic tenets of the early Christian church, that "Greed" is one of the seven deadly sins. Were these Republicans too busy counting their homes and cars during that part of the sermon?

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http://www.opednews.com/articles/Greed-is-Not-Good-The-Ron-by-E-Nelson-090322-249.html