Bailout bonuses and such

I agree with President Obama- the use of taxpayer money to fund bonuses for Wall Street Execs is shameful. Among some other, stronger, words I would use. How disgusting is it that after being given billions upon billions of dollars in taxpayer money to stop banks from going under after they lose billions taking on toxic mortgages? It's not like giving government money to private businesses is anything like socialism. Everyone knows that socialism is bad. But why? What we should have is centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly. Wouldn't that, along with a heavy progressive tax create a fairer playing field for industry? After all, it's not like we have anything close to free market economy right now. How can a start-up computer company possibly compete with Microsoft? We need to abolish these corporations or, better, nationalize them. A direct oversight of corporations would end these massive bonuses for the haves, and layoffs for the have nots.

http://www.msnbc.msn.com/id/28916936/