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      I swear my head is going to explode.  I'm listening to all this outrage over the $165 million in bonuses paid to recently bailed-out AIG insurance giant.  The logic being that if taxpayer money is paid to bail-out a company that company should not be "wasting" money on "greed."

      First of all when you compare the amount of money given to AIG to keep the company afloat compared to the amount of money paid in bonuses this outrage is ridiculous.  This is like saying if I lend you a $100 I'm going to get pist if you buy a $1 lottery ticket.

     Second, bonuses are a part of business.  The most important part of a business is getting and retaining good people.  Bonuses attract and keep good people and are investments into the future. 

     Third, LET THESE COMPANIES FAIL!  We bailed out these companies to save the American economic system because government meddled in it to the point it melted down.  You can't give a company money then dictate afterward how they are going to spend it, this is a free market!  If we are going to do that we might as well have just let them fail.

     Lastly, where is the fucking real outrage!!!!  We've pissed away billions of dollars on Democrat wish-lists, global warming scams, useless entitlement programs, and a whole host of other things while in a massive financial crisis and suddenly a bailed-out company talks about bonuses (which is real stimulus) and OH MY GOD THOSE GREEDY BASTARDS!!!! 



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Comments

  • secretlife said on Mar 16, 2009....
    if you want to be outraged over something, it should be that 1/2 of the 170 BILLION (i.e., 65 BILLION) that we taxpayers have given to aig has actually gone to goodman/sachs & foreign (eurpoean) banks.
    all the noise over the bonuses is just to distract us from figuring this out-
     
     
  • KathQuiet said on Mar 16, 2009....
    Sorry dudes, I've gotta disagree.  Bonuses should only be given when a company is profiting, not foundering and reaching for the public lifesaver.  What are they being rewarded for, showing up?  Please. 
     
    However, yeah, the "outrage" is a whole lotta smoke and mirrors.  What else is new?  That be politics, chil'!  As I commented to an associate recently, we are such a culture of image over substance these days.  Is that an American phenomenon?  Somehow...I doubt it.  This is a worldwide mess.  Fairy castles don't hold up well to reality, the reality being the larger part of the world economy has been a chimera for decades.  An illusion.   A game.  Superpowerfulwealthy putting us all through the paces, now yanking the strings because ew, too many dirty masses are invading their special places and having too much fun.  Massive wealth has been withdrawn and secreted, no longer supporting the delicate gossamer palaces built upon it until the owners of it are damned well satisfied that they've once again established their power.  Then, it will start all over.  Just you watch.  And we will all mindlessly rejoice.
  • stopmediabias said on Mar 17, 2009....
    AIG is a private company.  A government bailout in the form of loans does not give the the government the right to dictate how they can and cannot run their company.  Is AIG suppose to stop doing international business now?  Are they suppose to breach the contracts they made with their executives? 
     
    My outrage is the use of this as a political tool.   When Franklyn Raines left Fannie or Freddie with $90 million right before the company melted down and caused a massive crisis, where was the outrage.  The fact the Democrats bitched about deficits during Bush (who had to face wars, Katrina, etc) then go spend or attempt to spend the most amount of borrowed money in all of history, where is the outrage?  Cap and trade?  Darfur?  Raising taxes after "95% of Americans will get a tax cut"?  Earmarks?  How many broken promise does President Obama have to stack up before there is real outrage?
  • ALIENated said on Mar 17, 2009....
    
    I think the outrage is that big bonuses are going to the smucks that caused
    the problems in the first place, that incompetence is being rewarded. However,
    you are right. There is a bigger problem here. Government (especially Democrats)
    likes to get in the middle of things so it (Democrats) can start calling the shots.
    That is what OhBummer is all about. Have you noticed all the campaign promises
    he made that are now lies? No earmarks. Ha ha ha ha ha Democrat interference 
    in the marketplace caused all this crap in the first place (forcing banks to give
    loans to people who could not afford a pot to piss in) and now they want to
    continue to tell those private institutions what to do. Ronald Reagan just keeps
    being proven right ... "government is not the answer to our problems --
    government IS our problem". Change my rear. Business as usual. I just hope
    people remember all the lies Borax has spouted the next time they vote. At
    least when Bush lied, it was to protect our country, not his party.
    
    
  • stopmediabias said on Mar 17, 2009....

         Now I'm hearing they knew about these bonuses over a year ago.  These were specific contracts given to these executives before the bailouts.  I wish I knew the specifics of these contracts.  It looks bad on the outside, but if these were bonuses paid for reaching certain goals or part of their salaries who is anyone to deny them.  I think the head of AIG should take $160 million from the bailout they got (which is in the billions) and give it back to the government.

    I still think we are on dangerous ground bailing out companies then trying to dictate how they run their business. 

    Alien-I'm going to disagree with you on something.  I always refer to the POTUS as President Obama or his full name or The Obama Administration, the same way I did with Bush.  I think when someone reaches the level of POTUS they have earned at least that level of respect.  When they are not in the office I could care less, but while they are President I refer to them that way.

    I don't care how anyone else refers to him and don't hold other people to the same standard (its a weird me sort of thing) at the same time I do not like your refering to our President as "OhBummer."  When he was campaigning fine, but he did win and we lost which means President Obama is Alien's President as well as Bloc's and Stopmediabias' President.

    You certainly know I am no fan of our President and agree with you 99% if the time, just setting the record straight.

    As far as President Obama's misrepresentations the list is getting long.  Darfur,earmarks, Gitmo, taxes, fiscal responsibility, Iraq, etc etc....It is going to be a long 4 years.

     

  • ALIENated said on Mar 17, 2009....
    
    Yes, we will have to agree to disagree. He is not my president (I know, legally
    he is). He is the president of a bunch of confused black people, Democrats
    who would have voted for a rattle snake to get the White House back so they
    can push their perverted agenda, homosexuals, abortionists, ACORN, the
    left leaning mainstream media, Al Gwhore groupies (global warming nuts), 
    Muslims, Mexicans, Dave Letterman, Jon Stewart, and Stephen Colbert. I will 
    treat Borax with the same contempt that all those a-holes treated George Bush.
    I pray the Republicans will get their act together and offer us another candidate
    comparable to Reagan. If they do not, we can kiss America goodbye. 
    
    
  • stopmediabias said on Mar 18, 2009....
    This is a test of Liberalism and I think it is going to fail.  Especially if he keeps pushing crap like cap and trade and now they are hinting at abandoning Afghanistan.  If he keeps this up I'm predicting a Republican landslide in the next two elections.
  • ALIENated said on Mar 18, 2009....
    
    I think I heard Hannity or someone say that Republicans could not gain that
    much in 2010. I think because mostly seats already held by Republicans are 
    up for grabs. The best Republicans can do is stay even. But I keep hearing 
    others say that Republicans could retake congress in 2010 so I am not sure 
    what the truth is. I pray the later. We need another Newt.
    
    
  • stopmediabias said on Mar 18, 2009....
    amen to that
  • KathQuiet said on Mar 18, 2009....
    While I agree with the ideas behind what you say, stopmediabias, I have to differ again with the follow-through. If a business takes a massive loan from a traditional lender they are expected to operate responsibly and are often subject to audit by that lender. An unsatisfactory audit can result in a called loan or a takeover. The government, the citizens must have that right as well. Massive bonuses given despite abyssmal losses is definitely unsatisfactory, and I don't give a gosh damn about some contracts sealing them. High level contracts almost always have escape clauses and at this point, all bets are off. Who the hell are these predatory twits who think they are entitled to bonuses given their performance? Talk about an entitlement mentality. I do not like the money industry. I've been a member of it, so I have seen the rotten inside. On the one hand it wants deregulation to do as it pleases, but at the same time wants the government to incentivize their products via the tax code and less than subtle encouragement to spend, spend, spend unearned money as if our lives depended on it. It was through this conspiratorial fleecing system that so many people were lured to financial death. Why oh why we aren't protesting vehemently, myself included, is beyond me. Oh wait, we are afraid of our government. That is why.
  • KathQuiet said on Mar 18, 2009....
    AND another thing.  These bogus bonus receivers are so often smug asses sitting in their glossy glam worlds looking down their narrow noses at "people on welfare"  - who though not always noble are more so than not - while they expense half their lifestyle to the company and suffer severe big balls syndrome, crashing about like bulls in financial gardens gleefully observing the fragile flowers obscuring the bullshit under them, boasting about the fine things they've made.  Well, those fine things wilted and died for all the merry dancing hooves.  Those buttheads are on welfare of a whole new scale if they walk away with bonuses paid out of taxpayer bailouts.  Loan my ass.  The likelihood of payback is about nil. 
  • stopmediabias said on Mar 19, 2009....

    While I am not happy about the bonuses I am disgusted over this false outrage.  Do Democrats look at every issue through polling.  They knew about the bonuses.

    AIG should have been smarter but this is a free market and we don't know all the aspects of these bonuses.  

    Now we are going to tax them to get the bonuses back?  Aren't we going down a dangerous road here?

  • dyingman said on Mar 21, 2009....
    Bring back Republicans, Roosevelt and Taft.

    Any company that is "too big to fail" and requires a handout? 
    Save it.
    Bust it into four pieces. 
    Three of them can fail if they do stupid stuff again.

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