No Bonuses for AIG?

I’m watching Fox News and scratching my head. They’re mad, they’re throwing a fit because money the U.S. Government gave to AIG, without strings attached, is going to be used by AIG to give their executives big bonuses. My bewilderment isn’t because I agree with using tax payer money to pad the pockets of big time execs, it’s because Obama is mad that they are wasting our money when we didn’t set any guidelines on its use when we handed them the bailout. What does he expect them to do?

The fiscal irresponsibility on display from these failing banks is nothing compared to the government’s long history of wasteful spending. Bush, Obama and the rest of the goons in congress had to have this bailout. They told us all would be lost if we did not give them billions of tax payer dollars. What happened? They took the money, did not lend it out to the public and went on vacations. They basically wrote them a blank check with no stipulations and are trying to act upset now that they misusing our money. They knew what they were doing and I am not shocked that AIG wants to give more money to the same people that drove the company into the ground in the first place.

If you give an irresponsible person a large sum of cash, tell them to spend it wisely without requiring any sort of guidelines, you have no right to be upset when they run out and waste your money. Barack Obama’s plan has been to spend the tax payer’s money until we magically rise out of the recession. The people at AIG may be wasting our money but the government gave them the money freely and continue to exercise fiscal irresponsibility in a time of economic crises. Maybe Barack should be publicly chastising himself?

If Obama wants to go on a moral crusade he should start with himself. There’s a reason all of these banks and companies are failing. They weren’t fiscally responsible, they are the only ones to blame for their failure. That’s why Obama should have expected this. Listening to the people in congress complain about a company wasting money makes me laugh. The most wasteful group of people in the country wants to tell another company how to be responsible? That’s pure comedy folks.

This should teach our elected officials a lesson: No company is too big to fail. The reason these companies are failing is also clear. Before they decide the amount of money to hand out, before they argue with each other about the stipulations for the money they need to first argue about whether or not the government’s rule is to bailout these companies at all. We already know how they feel about this. They feel that some companies are just too big to fail. As you have seen these companies are taking advantage of this sentiment. They’re laying back, swimming in our cash while their companies, and our economy, crumbles to the ground.