Tuesday, March 17, 2009
AIG, AIG, Bonuses all the Way, Oh What Fun It is to Jump On The Bandwagon Today!
They're all piling on - Democrats, Republicans, and Independents alike. Everyone is beating up on AIG executives for getting those big bonuses. However, Senator Barack Obama received $101,332 from American International Group in the form of political contributions according to Opensecrets-.-org. The two biggest Congressional recipients of bonuses from the A.I.G. were - Senators Chris Dodd and Senator Barack Obama. So, why is the President and the rest of the pitch-fork-armed mob attacking AIG now? It's not as if they didn't know about the contract guaranteeing bonuses when they handed them billions more in another taxpayer-funded bail-out. The Republicans are not without blame either, since the Bush administration had the same knowledge when they gave AIG the first bail-out, using the same fear tactics they used to start the Iraq War to convince us that our economy would cave in if AIG was not bailed out ASAP. President Obama, who has repeated things his campaign criicized his opponents for saying (Hillary Clinton in the primaries and John McCain in the general election) took his turn playing Chicken Little, too, after criticizing Bush's fear mongering. But to quote the Democrats (and John McCain), fundamentally the economy is sound now that they've been criticized for forecasting too much doom and gloom. I say there's plenty of blame to go around and perhaps all those involved should listen to the wisdom of a simple carpenter who said over two thousand years ago, "He (or she, Speaker Pellosi) who is without blame, cast the first stone." That old adage, "Those who live in glass houses, should not throw stones" may become more than just another cliche as more and more of the hypocrisy of those criticizing AIG is exposed. For instance, our President has asked us not to spend money wastefully, but recently served $100 steaks (imported from Japan) at the White House. We listened for days as the media harped about the Big 3 execs coming to D.C. in thos private jets, but over 300 private jets flew in to the capitol for the inauguration. I fear there are many more examples of extravagance at the highest levels and double-speak (we'll live well while telling all of you peasants to tighten your belts) at the highest levels of our government. So, before we tar and feather AIG's execs, we may want to consider that they aren't the only ones getting "perks" in the midst of this economic crisis.