Sex & Politics

I don’t like false modesty. Like someone recently said it’s like another form of lying, but false outrage really pisses me off. So, to watch all these politicians scrambling to show how horrified they are that AIG used $165 million of taxpayer money to dole out bonuses just really has me seeing red.

Lat I checked AIG was the company who was still having expensive junkets for their employees when they were a hairs breadth from going bankrupt…well they were bankrupt and we the people saved their asses. We own 80% of AIG. 80-freaking-%, but we have NO SAY in how the bastards spend the money. And please, I don’t want to hear the argument about how  it’s only 1% of the total money they received. Ask the American public what they could do with that 1% and then tell me it’s a drop in the bucket.

This is the problem with partial nationalization. They get all the money they want, while still being able to make the decisions. This is why you nationalize insolvent institutions. You take them over, wipe out the shareholders, fire the management, strip them down and sell them back. That way there are no expensive junkets and million dollar bonuses going to people who ran the company into the ground.

If Obama wants to be the next FDR or at the very least live up to his “Change” mantra, the he will get with the program and stop throwing our good money after bad.