Giuliani supports Wall Street bonuses despite being failures

It’s hard to imagine how this guy was blown out so quickly during his Presidential bid. Why does Giuliani hate capitalism? What red blooded American doesn’t believe in shoveling over billions to total failures who brought the world into the worst recession in decades? Let’s just forgive and forget as we wonder if our jobs will exist tomorrow and the economy falls harder because of greed on Wall Street. How does Giuliani’s plan to reward failure fit with the capitalism? Shouldn’t success be rewarded? Do government handouts really work, as Giuliani is suggesting? I guess if you are worth hundreds of millions, perhaps, but not if you are poor. Then you are screwing the system and a loafer.

Bonuses for Wall Street fat cats are easy political fodder in uncertain economic times, but former New York Mayor Rudy Giuliani said Friday cutting corporate bonuses means slashing jobs in the Big Apple.

“If you somehow take that bonus out of the economy, it really will create unemployment,” he said on CNN’s “American Morning.” “It means less spending in restaurants, less spending in department stores, so everything has an impact.”

President Obama admonished corporate America on Thursday after the New York comptroller reported that Wall Street bankers received $18.4 billion in bonuses in 2008.

Then again, Giuliani does seem to be the expert on being a sponger. He’s made millions telling third world cities what they already know. If billions of dollars of handouts are the answer to the problems of America, the country is completely screwed and might as well call it a day.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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