19th
The Real Problem with AIG Bonuses
The real problem with the AIG bonus scandal is that the government is now calling the shots for what a private company can and can not do. Listen to what our President said:
“Listen, I’ll take responsibility. I’m the president,” Obama said at a “town hall” meeting in Costa Mesa, California, where his bid to sell his economic revival policies was swamped by news coverage of the bonus fiasco for a fourth day.
“We didn’t draft these contracts. We’ve got a lot on our plate — but it is appropriate when you’re in charge to make sure that stuff doesn’t happen like this,” he added, amid outrage across the United States.
“So we’re going to do everything we can to fix it,” the president vowed, after earlier expressing his “complete confidence” in Treasury Secretary Timothy Geithner.
I appreciate President Obama taking responsibility, but why are he and Geithner trying to manage AIG’s affairs?
Lesson: If you take money and/or assistance from the government, then the government owns you.
This is the definition of socialism. Welcome to the USSA.
