2009/03/18

Lunacy, with Bonuses!

So, the n00b woke up and realized that he looked like a fool and decided to speechify and remove all doubt.

Let me sum up the current AIG mess in my own inimitable fashion. We have here a collection of ignuts who managed to take one of the largest insurance companies in the world and drive it into the ground like a fucking tent peg. The head ignut was swapped out twice within the past year because of said contact with the earth. In an attempt to forestall the cascade of poo that would have resulted from AIG going tits up, your federal government handed them a staggering amount of money. Because the Congress (of whom the n00b was a member at the time) didn't want to engage in some sober, considered reflection on how to disburse $150 billion dollars, they basically gave it to the ignuts and said "Don't go broke again!" Strangely, this did not result in the kind of results Congress expected. Instead, the ignuts in charge of AIG handed out bonuses. Congress, in a valiant and so-far successful attempt to distract the public from their complicity in the bonus payments, pitched a wobbler.

Now, I neither know or care whether these guys deserve their bonuses. I do know it is not the business of the Congress to intervene in my relationship with my employer because a bunch of ignuts in DC do not like my pay structure. By extension, they shouldn't be doing it to AIG. Some on the idiot side of the debate have been squalling and screaming that it's the taxpayer's money and shouldn't be going to bonuses. News flash: once AIG took the money, it ain't the taxpayer's anymore. Here's another news flash: the time to extract conditions on the use of the money is before you hand it over, not after. Third news flash: when you enable poor behavior, you like like a hypocritical, sanctimonious imbecile for complaining about the very behavior you enabled. Given that trifecta of newsiness, Congress, Timmy the Tax Cheat, and the n00b all need to STFU about the issue. But I'm betting they won't

I am informed the Congress will be holding hearings on why the Tooth Fairy has failed in her obligation to prop up the economy next. It'll be at least as useful as anything they're currently doing. I also feel compelled to point out the proper solution for all this was to let AIG go bankrupt, cascade of poo notwithstanding. However, your elected representatives did not agree with me, which comes as a great surprise to us all, doesn't it?

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