Economics

Large Corporation Gives Massive Bonuses!

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Shocking stories of massive amounts of bonus money hit the news wires today:

Wal-Mart Giving US Employees $2 Billion In Yearly Award Program

Say it ain't so! An annual program to compensate workers for their contributions to the company over the last year is doling out billions to employees of a massive corporation?! That's unacceptable. Capitalism is broken! And so much money:

The bonus averages $933.60 for each qualified employee, ranging from cashiers to shelf stockers. 

No reason Obama shouldn't break out the big guns and say something like this:

People are rightly outraged about these particular bonuses, but just as outrageous is the culture that these bonuses are a symptom of that have existed for far too long.

But wait, Wal-Mart actually did well this year? And the bonuses are mostly going to poor-ish people? It's essentially a stimulus package provided by a private corporation administered at no cost to the government? Oh, well, then that's OK. Why didn't you just say so? After all, Obama believes this:

We believe in people getting rich based on performance and what they have add in terms of value and the products that services that they create. 

Don't know why anyone would think otherwise.