Thursday, March 19, 2009

A Thought on Republicans Stirring up Populism on AIG

posted by John Blanco @ 8:26 AM


Not sure what leg they'll have to stand on the issue, what with Glenn Beck and Rush and others supporting the bonuses. One guy, I forget who, on Fox News, said we shouldn't take the bonuses away because it would amount to a tax increase! Seriously. The vocabulary of a Republican frightens me.

Had the Republicans been in charge, they would most likely have made the bonuses mandatory. :-)

Funny how Republicans are all about not rewarding failure, but have no argument with $165 million in bonuses for the biggest corporate failure possibly in history! As long as it doesn't go to a couple welfare queens, huh?

UPDATE: XKCD has a pretty witty cartoon today about the AIG bonuses. I do agree on the number being insignificant, but I still believe that they were inappropriate and should be rolled back.


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