AIG Bonuses are Pure Subterfuge By Guest Blogger (Donna)
Written by guest blogger Donna
The American people are being distracted from the more important issues at hand by the AIG bonus fiasco. Hundreds of millions is just a drop in the bucket compared to the massive bailout programs being instituted by a government that no longer represents the people of this once great nation.
Who managed to write these enormous bills hundreds of pages long, and then submitted to our Congress with mandates from Nancy Pelosi, Barney Frank, Harry Reid, Christopher Dodd and our illustrious president to pass them immediately without careful consideration and discussion in Congress of the repercussions to our already fragile financial system? I submit that Congress had to rely on the “experts,” who are nothing more than lobbyists.
When the American people learned that AIG executives were receiving bonuses, which, frankly, they do not deserve, all of a sudden our politicians are up in arms scrambling to rectify a situation that they themselves created, by passing bills that they did not have time to read. Of course, they do not want to take the blame for something that has inflamed the ire of their constituents, so they have to undo what they have done by ignoring the constitutionality of contract law. Again, consider the repercussions to all contract law, and the impact of using taxes as a punitive measure.
AIG stands for American International Group, Inc. The operative word here, my fellow Americans, is INTERNATIONAL. Our TARP money is going to sustain other countries, to maintain our credibility in an international market. American needs must take a back seat.
Would you allow your favorite chef to perform your much needed brain surgery, or ask your third grade English teacher to fly you through a hurricane? Then why do you allow your politicians to manage your financial system when their skill set is primarily focused on getting reelected?
The more our politicians try to manipulate a financial system they do not fully understand, the more Americans will suffer. “Too big to fail” is nonsense in a capitalist society. Let the free market work, and we will get through this debacle more quickly as Americans, instead of experiencing a long, protracted depression as “internationalists.”
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