Friday, March 20, 2009

The AIG Bailout-Bonuses

The AIG bailout-bonuses fiasco has sparked a lot of “outrage” from politicians. Now since these bonuses were contractually obligated before the bailout was given by these very same politicians who are now outraged, I don’t understand where they get the nerve to pretend like this actually upsets them. This is clearly just an attempt to take focus off the massive expansion of government, through bailouts, new and expanded government programs, and a 3.55 trillion dollar budget, and onto something that everyone can act like they are mad about. The facts of this case remain clear; congress approved a program that would give hundreds of billions of dollars to AIG, which had these bonuses contracted to its executives. In the words of the great Andy Levy, “what is the difference in AIG giving out these bonuses and Congress giving themselves a raise this year?” If anyone can answer this I will withdrawal my complaint.

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