Lawmakers Are Outraged Over AIG Bonuses...Right!

The outrage by lawmakers over the bonuses paid to AIG executives after the company was bailed out by taxpayer money reminds me of a bit from Saturday Night Live.

 

 

 

The outrage by lawmakers over the bonuses paid to AIG executives after the company was bailed out by taxpayer money reminds me of a bit from Saturday Night Live.

During the news segment of SNL, Seth Meyers will make a statement that everyone knows to be the opposite of what he says. He pauses. Then responds...right. Kind of like this, "Nadya Suleman, the octo-mom, had no idea she would have so many babies when she decided to have fertility treatment...right."

I don't know all of the details and conditions the lawmakers who approved the bailout monies to various businesses put on those funds. Did they specify businesses that get the money cannot pay out bonuses, even ones already approved. Did they put restrictions on salaries, travel, the use of corporate jets, hiring, etc. The lawmakers who approved those monies know, or should know the answers to those questions.

So now, when a failed company that had to be bailed out with taxpayer money partly because of bad decisions,  decides to hand out bonuses...lawmakers are shocked and outraged that such a thing would happen. Right!

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  • by Ron Location: NC on Jun 7, 2009 at 07:25 AM
    Maybe we should make bonuses in any form illegal. Employers could pay all employees a decent salary plus cut back on the prices of their products. Everyone would benefit. When our lawmakers are stupid enough to let AIG and others get by with this sort of thing, I think it may well be time to replace these so called leaders. So more important than complaining would be to VOTE when their term comes around again.
  • by David Location: Pinetown NC on Mar 26, 2009 at 05:39 PM
    THe only complaint that the "lawmakers" have with AIG is that they did not get their big chunk out of the bonuses . They are all politicians , now let's break that word down , politics : from the Greek "poly" meaning many and tics being blood sucking leeches .can you figure out what it takes to be a politician?
  • by Tim Location: Vanceboro on Mar 25, 2009 at 11:27 AM
    If you think this angers you, look around and see how much money AIG gave the false messiah for his campaign..when they OWED millions in overdue taxes.
  • by Obama Snake Oil Co Location: Washington on Mar 23, 2009 at 01:39 PM
    Well, Christopher Dodd knew it was in the bill and according to Fox new, it would be part of the bailout. He then blamed Congress for not taking it out and Obama could have line itemed it out. Well, he didn't even read it according to many new organizations. Did they think we would not hear about it? With all the other "stimulus" they claim is in the bill, I guess you better like pork. Seems to me everytime the economy was soured, the president reduced taxes. Now we have a government that will spend as much as 7 trillion dollars in the name of saving it. What? Just give me the hat that says "I am stupid". Now my concern is how will the next generations pay for the damage of one man in 60 days of an election. Bush spent far less in 8 years with two wars going on. "Whats in your wallet"? Well, it isn't going to be much in two years....
  • by kelly Location: wash on Mar 22, 2009 at 06:07 PM
    hey who ok'd the bailout? i think it was the president. the bailout allowed for the contracts included to be fulfilled, somehow the bonuses were overlooked? either way, taking a bonus when your company is in the red is something ive never heard of. sorry for the ppl who expected them, but thats life, when the economys in the toilet. this problem should have been fixed before the bailout was ok'd, now they had to scramble and tax it 90percent (which i figured was next). maybe some of that money will find its way into our school systems? right!
  • by 'backwards' thinker Location: Beaufort Co. on Mar 22, 2009 at 07:11 AM
    Ok so the fault is actually with the government. AIG had contractual obligations to fulfill. If the government hadn't stepped in AIG would have gone bankrupt and then there would not be this problem because of bankruptcy laws. There were no stipulations about bonuses when this bailout was pushed through.
  • by C on Mar 20, 2009 at 08:01 AM
    William: Are you sure about that ? I'm a little hazy on what we covered in Civics class [it WAS a long time ago], but I'm pretty sure I've seen stories on them voting themselves a raise in the past..more than once, actually. Anyway, I'm with you..I'd sure like a raise, myself ! Regards, C
  • by William Location: EC on Mar 19, 2009 at 04:29 PM
    Juat proves that congress can not do their business, much less micromanage american industry, and thay want to manage health care. What an ego trip. "C", congress does not vote their raises, they get yearly cost of living raises, how would you like the same, me to.
  • by C on Mar 18, 2009 at 06:12 PM
    If they are truly "outraged", maybe now they know how we feel every time they vote to give themselves a raise.
  • by william Location: rocky mount on Mar 18, 2009 at 05:09 PM
    Yeah, they'll be outraged until the political contributions come. Then they'll understand.
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