The head of AIG was justifying those bonuses the other day. I read what he had to say (or at least what was reported). He would not have released them but they were 'contractual'. It was important to pay the 'brightest and the best' and not allow the government to 'arbitrarily' change contracts.
I have been noticing as well that the spin doctors are hard at work. In fact the stements made by the head of AIG were probably the work of spin doctors. They are hoping that we the citizens of the USA won't notice that our taxpayers money was used to pay these bonuses. That the 'brightest and best' got the financial institutions in the mess that they are in, and still think they deserve a bonus! Somehow we are supposed to accept business as usual even though it cost people a lot of money. Aarp has estimates of how many dollars of peoples retirement funds have shrunk in the last year. 2.8 trillion dollars just gone! And still we are not supposed to notice that or the 18.4 billion dollars paid out in bonuses? We are supposed to just accept that?!
No! We should be outraged! We should write our congressmen...maybe even call them on the phone and tell them just how outraged we are. We should but will we? Most likely we will not. If it appears that people are accepting this travisty it is because we feel that we cannot make a difference. Our anger and dismay can only lead to depression. After all lobbyists are spending millions to get their point across, and we don't have millions to spend, especially since the above mentioned losses.
Is there a chance that we can make a difference? I believe so. It is going to take a lot of work. It is going to take many letters and emails to our congressmen in both houses. It is going to take supporting Mr Obama, even if we didn't vote for him. History will prove whether or not he was right. Still, he is the only game in town. This game is one that we all have a stake in. We need to be involved!
So let's email or write our congressmen and tell them just how outraged we are! Now!
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The thing that gets me is that everybody is surprised that AIG mishandled the bail out.
You give money to a company that has been mismanaged for years, and naturally they mishandle the billions you give them! Big surprise! That is why I was against any bailouts anyway.
You give a drink to an alcoholic, and you are surprised that he gets drunk?!?
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