Friday, March 20, 2009

Why are we so SURPRISED?

All this outrage over AIGs bonuses. People are FURIOUS at the behaviour, the greed, the theft, and the brazenness of these corporations.

Where was it before?

June 29, 2008

Firms Owe Billions In Unpaid Payroll Taxes

WASHINGTON (Reuters) - More than 1.6 million U.S. businesses owe the Internal Revenue Service more than $58 billion in unpaid taxes for Social Security, Medicare and unemployment insurance, a government watchdog agency said on Tuesday.

Did anybody seem to mind?

January 5, 2007:

Contractor Fraud Unchecked In Iraq
Jan. 5, 2007
by Christine Lagorio

(CBS) The U.S. has currently spent at least $437 billion on the Iraq war, according to the Congressional Research Service. An estimated $100 billion will be spent in 2007. Much of that money is going to 60,000 civilian contractors involved in reconstruction and providing services to the troops.

But recently, the Pentagon admitted it has a hard time accounting for how billions of your tax dollars are being spent and the billions that may be lost to contractor waste, fraud and abuse.

Did anybody seem to mind?

If you want to know why AIG seems completely surprised that people object to their ripping off millions from the taxpayers - it's because corporations have been doing it for YEARS. Openly. And it was considered completely OK. In fact, it was lauded and it was defended as the best way of doing business.