Let's do the math...

[kpete]

Goldman Sachs earnings:

***** Beset by accusations of securities fraud, Goldman Sachs nevertheless showed Tuesday that it was still very good at what it does best: making money. Earnings for the Wall Street giant rose 91 percent in the first quarter of 2010, to $3.46 billion . . . In addition, Goldman said it had set aside 43 percent of revenue in the first quarter for employee salaries and bonuses, down from 50 percent for the period a year ago.
http://www.nytimes.com/2010/04/21/business/21goldman.html?hp

(Emphasis supplied.) Let's do the math 0.43 X 3.46 billion = $1,487,800,000. FOR ONE QUARTER!! To put this in perspective, you know that huge progressive win Chris Bowers at Open Left likes to talk about in the health bill? The money for community clinics? Well, the money to be spent for community clinics in one year is $478 million LESS than Goldman bonuses in ONE QUARTER.

http://www.talkleft.com/story/2010/4/20/10304/0958

[Brickbat]

1. Happy days are here again! BEST QUARTER EVAH!!!!!

[kentuck]

2. How much in taxes do they have to pay on those bonuses?

And how do we know they are paying out what they say they are??

[Turbineguy]

3. Yeah!

And if it weren't for the money wasted on those fucking clinics, the bonuses might have been higher. I mean, where would you rather have your money go? Megayacht builders need to make a living too!

[FBaggins]

4. Two errors in your math.

You conflated "salary and bonuses" into just "bonuses"

But in the other direction, you mistook profits for revenue. They set aside 43% of revenue for salary/benefits. A much higher figure.