I have to say, I’m getting a little tired of this knee-jerk reaction from the White House and the Left Wing of Congress – and those who want to get their faces in the news – every time a company does what companies do. When Congress gave these companies money and attached no strings the companies had no idea they were to change what they were doing. There was no directions with the money, just take it and get it into the system.
Enter Senator Chuck Grassley (R-Iowa) and his statements to the workforce of AIG to give back their bonuses or commit Hari Kari. Well, gee, Senator, there are a lot of us out here who would like to see Congress – and politicians in general – do the very same thing!! All this grandstanding is nice for getting your face on TV, but Puh-LEEEEZ!! Senator Grassley was among the band of fools running to the microphones telling America we had to rush through this TARP legislation or the financial markets were going to collapse – a statement that turned out to be a total lie – but what are we to expect from our elected officials?? Manipulation through lies and contrived emergencies. That seems to be about the extent of it.
Okay… it’s hard to take a man who looks like Buddy Hackett and talks like Sylvester the Cat seriously. I’m sorry, but Congressman Barney Frank (D-Mass) is going to have to get on the morning conference call the White House Chief of Staff to get the ‘daily talking points’ before he goes on the morning shows and starts showing his ignorance. Well… to be fair, his ignorance is going to show regardless, but at least he could be in lockstep with everyone else at the news agencies.
Barney Frank was one of the main culprits in the problem we’re facing now by defending the whole Fanny Mae and Freddie Mac fiasco with charges of racism against anyone who tied to challenge them. It was his regulations that got us here and now he wants to sit in judgment and fire people who are getting their contractually protected bonuses because HE failed to stipulate when he rushed his TARP bill through Congress.
President Obama even came out at his lunchtime meeting and swatted Frank down by giving kudos to the newly government approved CEO of AIG Edward Liddy.
Yep, you read that right – Liddy was approved by the government.
(Uh… okay… I have a problem with that, but I’ll deal with that in another post.)
At the same press conference, however, the president said he was going to get back the $165 million in taxpayer dollars that went out in bonuses. Uh… are we going to violate the contracts these people have with AIG?? Those bonuses are part of contracts AIG signed with their people – those people have a legal right to that money.
Is that going to be the rule from Washington that contracts no longer hold up if taxpayer dollars are involved?? In that case the auto industry will be THRILLED!!! The money handed over to the auto industry is tax dollars, so – using that same logic – the car companies can void out their contracts with the unions and dump those bloated contracts with retirement benefits, union employees sitting in ‘pools’ and getting paid and bring those wages back in line with what they should be!!! I see – as usual – Washington is not thinking things through…
Enter Senator Chuck Grassley (R-Iowa) and his statements to the workforce of AIG to give back their bonuses or commit Hari Kari. Well, gee, Senator, there are a lot of us out here who would like to see Congress – and politicians in general – do the very same thing!! All this grandstanding is nice for getting your face on TV, but Puh-LEEEEZ!! Senator Grassley was among the band of fools running to the microphones telling America we had to rush through this TARP legislation or the financial markets were going to collapse – a statement that turned out to be a total lie – but what are we to expect from our elected officials?? Manipulation through lies and contrived emergencies. That seems to be about the extent of it.
Okay… it’s hard to take a man who looks like Buddy Hackett and talks like Sylvester the Cat seriously. I’m sorry, but Congressman Barney Frank (D-Mass) is going to have to get on the morning conference call the White House Chief of Staff to get the ‘daily talking points’ before he goes on the morning shows and starts showing his ignorance. Well… to be fair, his ignorance is going to show regardless, but at least he could be in lockstep with everyone else at the news agencies.
Barney Frank was one of the main culprits in the problem we’re facing now by defending the whole Fanny Mae and Freddie Mac fiasco with charges of racism against anyone who tied to challenge them. It was his regulations that got us here and now he wants to sit in judgment and fire people who are getting their contractually protected bonuses because HE failed to stipulate when he rushed his TARP bill through Congress.
President Obama even came out at his lunchtime meeting and swatted Frank down by giving kudos to the newly government approved CEO of AIG Edward Liddy.
Yep, you read that right – Liddy was approved by the government.
(Uh… okay… I have a problem with that, but I’ll deal with that in another post.)
At the same press conference, however, the president said he was going to get back the $165 million in taxpayer dollars that went out in bonuses. Uh… are we going to violate the contracts these people have with AIG?? Those bonuses are part of contracts AIG signed with their people – those people have a legal right to that money.
Is that going to be the rule from Washington that contracts no longer hold up if taxpayer dollars are involved?? In that case the auto industry will be THRILLED!!! The money handed over to the auto industry is tax dollars, so – using that same logic – the car companies can void out their contracts with the unions and dump those bloated contracts with retirement benefits, union employees sitting in ‘pools’ and getting paid and bring those wages back in line with what they should be!!! I see – as usual – Washington is not thinking things through…
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