Some contracts are more sacred than others

The main excuse used to justify the outrageous bonuses to AIG executives is that like it or not, the company has to honor its contracts. Some contend that it's the only way for AIG to keep top talent... without quite explaining how the people who bankrupted the company can be considered top talent.

Yet this begs the question: why is there so much pressure on the UAW and other auto workers' unions to 'voluntarily' re-negotiate their collective bargaining agreements? Why aren't their contracts sacred too?

Is it because they work hard and make actual stuff rather than frittering away people's retirements, bankrupting the company and then stealing the taxpayer money used to save the company they bankrupted?

If AIG execs were black, held up people on a Manhattan street at gunpoint and stole their wallets, there would be an outrage at this 'crime spree' and hysterical demands that the thieves be publicly tarred and feathered before being sent to the electric chair.

Instead, AIG execs are white, so rather than using a gun to rob people, they use Congress instead. Instead of being sent to jail, they are sent large checks.

The main difference is that common street criminals can only rob a few people at a time and are usually evading the authorities.

White color criminals can rob everyone once and with the collaboration of the authorities.

But heaven forbid anyone whip up 'class warfare' by mentioning this.