Friday, March 20, 2009

Dana has posed a question in regards to the Obama administration and their plan to release some Gitmo terrorists into the United States:

Could they really be this stupid?

Short answer is yes, they can be. And yes, they are.

For example, take a look at the recent AIG flap. Obama blames the company, then he blamed himself, and now he’s blaming the Fed for not telling him (or, rather, others are blaming the Fed). Geithner doesn’t seem to know who to blame. Dodd says it was his fault, then immediately blames the Treasury (which is a fancy way of saying it was Obama and his people).

So you now see the daily circus that is running this country. Instead of Ringling Bros., we have the Democrat Party. At least when Ringling Bros. entertains you, you get your money’s worth and still have a house and a job to go home to.

Update: Speaking of bonuses and outrage, where’s the left’s anger on this one?

Update #2: And, again, speaking of money being paid out from failing companies, how about this (pdf file)?

Since 1989, AIG has donated some $4.37 million to candidates for federal office. In 2008, it gave $644,218 to candidates, and in return, it received from the Federal Reserve some $173 billion in taxpayer-guaranteed loans. That represents nearly a 27 million percent return on their 2008 “investment” into politicians’ loyalty.

Of particular note, Senator Chris Dodd received some $103,900 from AIG in 2008, and in the 2009 “stimulus” legislation, he inserted the amendment that guaranteed that bonuses would be paid by adding language to a spending cap that specifically excluded executive bonuses included in contracts.

The legislation passed the House and Senate by comfortable margins, and no controversy by politicians now making a fuss was raised, including the President, who took the most money from AIG in 2008 of any candidate.

If Washington is now determined to prevent the discharge of contractual bonuses, then the politicians should put their money where their mouth is and return every penny to American taxpayers ever given by AIG to candidates. That includes the President, and any and all members of the House and Senate that ever took money from the business that should have been allowed to fail.

Sounds like a good idea to me. If the politicians in Washington are so outraged and upset about these bonuses being paid, then they should do the honorable thing and return all the money they received from AIG during the last cycle (at the very least) to the Treasury and, by extension, the American Taxpayer.

Update #3: John Hawkins has a good point over at Right Wing News about this idea of a special tax on the people who are receiving these bonuses:

If we’re going to start playing this game, how about we aim a massive tax at former congressmen who lobby for a living — after all, lobbyists are supposed to be bad guys right? Oh, and how about a 90% tax on people who make over a million dollars per year acting? After all, no one deserves that kind of money just to act and those guys are jerks anyway. Know who else we should tax into the ground? Employees of organizations that engage in voter fraud — I’m looking at you, ACORN.

Is this a road we want to go down?

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