Bonus In The Headlines-Again
In 1932 at the nadir of the depression many WW I vets formed the "bonus marchers" movement . The goal was to get immediate payment from the U.S. government for their military service which ws due in 1945. President Hoover answered "no" . Then Generals Mac Arthur and Patton calvary- charged, bayonetted and tank- prodded the vets back into one of the Hoovervilles across from the nations capitol.
Today the outrage against bonus is for paying a bonus for bad and/or undeserved performance at the financial derivative branches at major banks, brokerage and insurance companies.
One mans bonus is anothers obligation. But one thing is for certain. Don't get in between a politician and his or hers reelection plans.
Labels: bonus at financial firms, bonus marchers, bribes to politicians, depression, hoover, macarthor, patton