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28 January 2009

AIG to pay $450 million in bonuses - using Taxpayer money

What the hell?

http://www.bloomberg.com/apps/news?pid=20601087&sid=auhzcUg60VZA&refer=home

The specifics:

About 400 workers at New York-based AIG’s financial products unit may get $450 million in two installments, said two people familiar with the situation who declined to be identified because the plan is confidential. That is in addition to about $619 million in retention pay going to 4,200 executives and employees at subsidiaries including life insurance.

Seriously?  These are the people that the government has bailed out not once but twice, and has seen a significant percentage of the financial sector bailout money - something like a hundred billion dollars of taxpayer money.

This is just wrong.

Retention bonuses?  They really feel like they need to keep those people that drove the company into the ground? FIRE THEM ALL.

I sure wish I got a million dollar bonus.

Posted by rickroot at 9:16 PM | Link | 0 comments

Why would anyone expect Republicans to support him?

Let's say you're a republican congressperson.  Why would you support the economic stimulus package proposed by the Democrats and President Obama?

I mean, really?

Let's pretend for a minute that you think it does have some good things in it, and you know the economy needs something.  You know damn well it's going to pass, so why not support it, knowing there's not a damn thing you can do to stop it?

And that's exactly why none of them supported it.  Even those that would've otherwise voted for it in a truly bipartisan effort, their votes were simply not needed, and rather than support the President, the Republicans suddenly decided to tow the party line.

The fact is, their votes were irrelevant, and supporting the measure would only embolden the Democrats and President Obama.

F'ing politicians, all of them.

To his credit, I think Obama did do what he could to get bipartisan support.  But it's a lot harder to get the support of people whose votes are irrelevant, as the republicans votes were in this case.

At least Obama had them take out the millions of dollars for condoms. 

God I f'ing hate Nancy Pelosi.  Can't Obama tell the dems in congress to make someone else speaker of the house?  Yes, I know he can't.  But c'mon.  Get her outta here and put someone sane in charge.

Posted by rickroot at 9:11 PM | Link | 0 comments