Giuliani: Cutting Wall St. bonuses means less spending in restaurants, stores

[sabra]

http://www.cnn.com/2009/POLITICS/01/30/giuliani.corporate.bonuses/

Giuliani: Corporate plums help keep NYC afloat

NEW YORK (CNN) -- 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.

"This is the height of irresponsibility. It is shameful," the president said. Video Watch Obama blast Wall Street »

These are the same institutions "teetering on collapse" and asking taxpayers to bail them out while taxpayers are dealing with their own tumultuous finances, he said.

[Mz Pip]

1. How much can these turkeys eat?

Are they good tippers, too?

[SemiCharmedQuark]

6. Yes, let's give 4 billion dollars to these guys so some poor waiter can get an extra 2 bucks.

Stim-U-Lation!

[cap]

15. Trust me, they can eat a whole lot... $500 for 3 people

My husband and I got snookered by an acquaintance. He lost his job and we felt sorry for him so we decided to take him out to eat. His choice. He took us to the places he went to as a Sales Rep selling computer equipment to Wall Street. Apparently, the pigs eat some mighty fine pickings at the trough. It was all a la carte. And we had had a couple drinks before going out to dinner. He was ordering, I was feeling no pain and my husband wasn't watching the bill (it was going on hubby's card).

Before we got on the train, my husband told me what the bill was. I have never sobered up so fast in my life. There is nothing like that ice cold feeling of "WTF happened here". What a way to ruin a good buzz. I don't drink much so it doesn't take much to make me feel good and same for hubby.


We don't spend that kind of money on entertainment! Never! Not for my wedding, anniversary or New Years. Well, at least the wait staff was happy (hubby tips properly).

Well, when he finds a job...paybacks are hell. We are planning on doing our part to inflate the economy. Apparently, there are even more expensive places to go out -- ie $500/plate.

I can't believe he did that to us. You know, normally, the unemployed pick a moderate place to go out and eat when it's someone else's treat.

Please Note: I am not promoting Giuliani's stimulus package... just telling an anecdote about greed.

[KittyWampus]

2. Except those bonuses wouldn't have just evaporated into thin air.

[TwilightGardener]

3. Really now, Rudy. Just how many bonus-ees are there, that there would

be such an impact? And do they blow ALL their millions on department stores and restaurants, or do they horde it or reinvest it? Absurd.

[phantom power]

4. Fucking idiot.

What is it going to take to drive a stake through the heart of supply-side economics?

[SemiCharmedQuark]

5. Ugh. Remember when he was the frontrunner for the Republicans?

:puke:

[Mari333]

7. someone remind Rudy that its OUR money hes talking about

priveledged little prick.

[MidwestTransplant]

8. Right so how about no bonuses for the people at the top who created this whole mess

They take a HUGE percentage of the payout.

[driver8]

9. About time for Ghouliani to crawl back into his casket...

Fuck you, asshole!

[Romulox]

10. I invite Giuliani to come to Detroit, Mi. if he thinks MY tax dollars should prop up NYC

luxury restaraunts. :eyes:

[sarcasmo]

11. Giuliani is nothing more than a Corporate TOOl.

[Ichingcarpenter]

12. So 911 CEOs will supply more tips than Millions of Middle Class consumers?

Did anyone call him out on this insanity on CNN?

I thought not.

[Flying Dream Blues]

13. Unbelievable. nt

[Missy Vixen]

14. Isn't it time for him to start talking about 9/11 again?

I'm sure he hasn't mentioned it for at least thirty seconds now.

In the meantime, Rudy, that money would go a LOT further if it were back in the pockets of the taxpayers, who are trying to do stuff like keep a roof over their heads and food in their kids' mouths.

Assclown.

[lifesbeautifulmagic]

16. right.... a handful of overpaid executives and their entitlements

are SO much more important to our economy than the millions of unemployed.

[Guy Whitey Corngood]

17. What he really means is less spending on hookers and strippers. nt

[Javaman]

18. what. a. fucking. jerk. No, what no wall street bonuses means is this...

no gilded age, no trust fund babies, no more have mores...

[Stinky The Clown]

19. Hahahahaha

Hahahahahahaha


BWAAAAAAAHAHAHAHAHAHAHAHA



:snort:



Hahahahahahahaha


ha ha

ha


heh ...... he was serious, wasn't he?





HAAAAAAAAAAAAAhahahahahahaha





I'm outta here ..... that's too much.

[Johonny]

20. A large amount of money concentrated in a few people

Does not cause much change in the local economy. They simply can't spend this amount of money that quickly on such low ticket items. Even if they eat really well and dress really nice.

[madrchsod]

21. another has been republican that does`t get he`s irrelevant....

rudy who?

[thatsrightimirish]

22. I have a hard time deciding who is more ridiculous

Him or Palin

[Doctor Cynic]

23. Why not reduce the CEO bonuses to $9.11?

CEOs still get bonuses, and Giuliani is happy.

[DisgustipatedinCA]

24. And arresting cocaine dealers hurts the economy

Look what it does to cigarette boat sales when you go and arrest high-level drug dealers. It hurts the economy. If the GOP got what they wanted, Roe v Wade would be overturned, and we wouldn't have all of that abortion money stimulating the economy. If law enforcement succeeds in cutting down on murder rates, there go some homicide detectives' jobs, also hurting the economy.

Rudy, you worthless fuckwit, maybe the next time someone wants your opinion, it should be beaten out of you. Until then, STFU.

[surrealAmerican]

25. What a load of manure.

Does he actually believe that, or does he just think we're stupid enough to?