Yesterday, President Obama and tax cheat Tim Geithner outlined their plan for small businesses. But before doing that, Obama wanted to make sure he had his say about these AIG bonuses. And not surprisingly, he believes that they are outrageous. Not only that, but he wants tax cheat Tim Geithner to "pursue every single legal avenue" to block the payments.
Obama, of course, just had to use this occasion to play into the wealth envy. He used one of my favorite words ... "greed." He said, "This is a corporation that finds itself in financial distress due to recklessness and greed ... This isn't just a matter of dollars and cents. It's about our fundamental values ... All across the country, there are people who work hard and meet their responsibilities every day, without the benefit of government bailouts or multi-million dollar bonuses. And all they ask is that everyone, from Main Street to Wall Street to Washington, play by the same rules." What rules would that be, PrezBO? Abiding by your contractual obligations? That rule?
Here we have Obama wants to worry about fundamental values. Where were those values when he nominated a tax cheat to be the Secretary of the Treasury and the head of the IRS? Willfully cheating on your taxes is OK. Getting a bonus for the work you've done pursuant to a contract is not.
Well---here's the view all of us including the "Chosen One" should be acting on. The American taxpayer owns 80% of AIG. WE are the owners and have the necessary proxies to do what ever the hell we want with AIG. Having that kind of ownership that makes the congress and the Executive branch the Board of Directors. Rather than act the role of the Board they sit back and snipe at the guy running the AIG mess for $1.00 a year. ONE DOLLAR!
So my advice to congress and PrezBo is shut the hell up and do your god-damned job!