Hey there. I've been reading and hearing a whole lot about the AIG bonuses lately (who hasn't). As a hard working American I share every one's outrage, between you and me those f*ckers don't deserve a cent. But it doesn't matter. As a symbolic gesture or prudent financial move it is totally irrelevant.
This economic melt-down is not about $165 million. It's about The $1 Trillion the administration is committing. It's about the endless bailouts that have no historical precedent for success and will continue to reward mediocrity (or criminality) at our (the taxpayers) expense.
Want to tar and feather Edward Liddy? He's the guy that was appointed to try and help fix this mess for $1 per year (and probably a boat-load of stock, but so what). Make him the scapegoat but we are the sheep.
We continue to bleat on about the bonuses while we continue to ignore the real issues. It's a distraction that is foisted upon us by the major media outlets and the administration. We've had much more national debate about these bonuses than TARP 1, the budget or any of the other pressing matters. We're sheep, and what's worse is that we are easily distracted sheep. I'm not being cavalier about $165 million, it's a lot of money, but it's but a drop in the bucket. The real issues are still out there. Baaaaa.
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