Posted by
screamingbanshee on Wednesday, March 18, 2009 6:46:39 AM
The public is upset at AIG execs receiving $165 million in bonuses. Not to minimize this, but what about the $20 billion dollars, an amount that dwarfs these bonuses, which was paid by AIG to foreign banks? Does that not matter, or is it something that liberals think won’t rile up the public?
According to records from the TARP bailout these bonuses were used to retain employees and were part of employment contracts. Given this being the case, shouldn't this current outrage have occurred back in September when the bailout occurred? Then again, it’s probably taken Congress that long to read what they actually voted on.
Even more irritating is that Turbo Tax Tim Geithner was involved in much of what transpired between AIG and the feds. He was well aware of these bonuses, as well as the billions of dollars in bailout money going to foreign banks. He did nothing, kind of like he did when it came time to pay his taxes.
Then there is Obama himself, a recipient of an AIG bonus amounting to $101,332, in the form of a campaign contribution. Perhaps this explains his crocodile tears when his teleprompter tells him to feign anger at this latest AIG exploit.
Mind you, Obama was not alone, as Chris Dodd also received thousands of dollars in bonuses for his campaign. Of course, if it wasn’t for his lack of oversight when it came to Fannie and Freddie, nobody would be in this mess and our homes would be worth about 50% more than their current value. But hey, we wouldn’t want the mainstream media to report the truth now would we .
Whiel this entire situation is a mess, perhaps these bonuses will be enough to rile up the public, who for the most part expresses anger based upon their own class envy. If there is any silver lining it is that these bonuses may be the straw that breaks the bailout camel’s back. That would be a good thing.
Then again, we are talking AIG here who the government clearly is catering to. Could it possibly be because AIG holds the Congressional Pension Fund? Remember, Congress cares nothing about you or I, but they do care about their own assets and if AIG goes under where does that leave Princess Pelosi’s retirement?
Christopher Van
Author of Dodgeball and 101 Other Reasons Why Political Correctness Must be made a Crime.