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The AIG executive bonuses that everybody seems to be talking about today — while perhaps morally questionable — are legal and contractual payments to these executives.
And Congress should have no business deciding how much private sector citizens are paid, to include their bonuses. Unless you’re one of those Socialist-leaning Liberals who thinks that, yes, the US Government should regulate how much each and every person is paid. You know. To ensure fairness.
Perhaps the NFL, NBA, and the Screen Writers Guild of America wouldn’t mind if Congress decided, “You know what, Kobe? After missing three late minute free throws last night, we don’t think you should be paid as much, so we’re going to introduce a special Kobe Sucks at Free Throws tax to offset your pathetic performance.”
Or maybe they might send a letter to Matt Damon saying, “Dear Matt, we, the Honorable members of the United States Congress, have decided to scale your pay in accordance with your actual acting ability. From now on, you will receive no more than $8.95 and a Big Gulp from 7-11 for each movie.”
If Congress is actually worried about giving government money to people who don’t deserve it based on their pathetic job performance, maybe they should start with the raise they just gave themselves.
Sen. Chris Dodd (D-Conn.) is Dumber than a Box of Rocks
If Congress didn’t want AIG to be able to use the bailout money to pay for contractual and legal bonus agreements, then they 1) shouldn’t have been throwing around OUR money like it was THEIR money, or 2) they should have stipulated it in the language of the Stimulus Pork Bill.
Instead the geniuses who are running our country, led by the ethically challenged Sen. Chris Dodd (D-Conn.), specifically wrote language into the stimulus bill that specifically allows for the exact bonus payments he is now whining about.
While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” — which exempts the very AIG bonuses Dodd and others are now seeking to tax.
The amendment made it into the final version of the bill, and is law.
Not so in-coincidentally, Sen. Dodd happens to be the largest single recipient of campaign donations form AIG during the 2008 election cycle with $103,100, according to opensecrets.org.
Who do you think received the second highest amount of campaign donations from AIG last year? If you said “Barry Obama” ( to the tune of $101K), then you’ve been paying closer attention than most.
Obama is also trying to find an illegal way to steal back the payments that were legally made to AIG executives. Despite the fact that O-Bozo was the Pretender in Chief who signed the bill into law that included the amendment that made those payments legal.
Our country is being run by clowns.
It’s almost as if Obama is nothing more than a slightly-below average community organizer who is in way over his head as President of the United States. Almost as if…
- 1/13/2009 -- Timothy Geithner — Tax Cheat and Exploiter of Illegal Immigrant Worker (4)
- 8/3/2010 -- Tim Geithner, Tax Cheat, Says Unemployment is Going Where Obama Said it Wouldn’t (0)
- 1/6/2010 -- Sen. Chris Dodd: Another One Bites the Dust (3)
- 1/15/2009 -- Tim Geithner: Too Stupid to Pay Own Taxes, Wants to Run the IRS? (4)
- 3/5/2009 -- What Did One Tax Cheat Say to the Other? (2)